Which of the following is NOT one of the new requirements of the Sarbanes-Oxley Act (SOX) ?
A) SOX requires an assessment by management of the internal control structure.
B) SOX states that the board of directors is required to establish an audit committee to oversee financial matters of the company.
C) SOX requires the external auditors to test the effectiveness of internal controls and issue a report which gives an opinion on the effectiveness of the internal controls.
D) SOX requires that all employees adopt a code of ethics.
Correct Answer:
Verified
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