Management's report on internal controls must include each of the following except:
A)a statement that management is responsible for establishing and maintaining adequate internal control over financial reporting.
B)a statement identifying the framework management uses to evaluate the effectiveness of the company's internal control.
C)a statement providing management's assessment of the effectiveness of the company's internal control.
D)a statement providing management's evaluation of the company's control environment.

Question

Quizplus · Accepted Answer

Each of the other options listed (A, B, and C) are required components of management's report on internal controls under the Sarbanes-Oxley Act. However, there is no requirement to explicitly evaluate the control environment. That being said, a discussion of the control environment can be helpful and informative in providing context for the overall assessment of internal controls.

Management's Report on Internal Controls Must Include Each of the Following