For a public company,the SEC requires that a report be filed annually on its internal control systems.

Question

Quizplus · Accepted Answer

This is true. Section 404 of the Sarbanes-Oxley Act requires that public companies provide an annual report on their internal control systems to the SEC. This report is intended to ensure the accuracy and completeness of financial statements, and to enhance investor confidence in the reliability of financial reporting.

For a Public Company,the SEC Requires That a Report Be