The Sarbanes-Oxley Act of 2002, in particular section 404:
A) ensures that customers receive accurate and timely invoices.
B) ensures that vendors are paid accurately.
C) puts considerable emphasis on the system of internal controls.
D) All of the choices are correct.

Question

Quizplus · Accepted Answer

Section 404 of the Sarbanes-Oxley Act of 2002 requires management to assess and report on the effectiveness of the company's internal controls over financial reporting. Therefore, it puts considerable emphasis on the system of internal controls, making sure that they are effective and reliable. This section does not address customer invoices or vendor payments directly.

The Sarbanes-Oxley Act of 2002, in Particular Section 404