Annual reports of public companies will include statements from both management and independent auditors regarding the adequacy of internal control.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 requires both management and independent auditors to provide statements regarding the effectiveness of internal control over financial reporting in annual reports of public companies in the United States. This is done with the aim of increasing transparency and enhancing public trust in the accuracy of financial reporting.

Annual Reports of Public Companies Will Include Statements from Both