Which of the following is not an implication of section 302 of the Sarbanes-Oxley Act?
A)Auditors must determine whether changes in internal control have materially affected (or are likely to affect) internal control over financial reporting.
B)Auditors must interview management regarding significant changes in the design or operation of internal control that occurred since the last audit.
C)The board of directors must certify quarterly and annually their organization's internal controls over financial reporting.
D)Management must disclose any material changes in the company's internal controls that have occurred during the most recent fiscal quarter.

Question

Quizplus · Accepted Answer

Section 302 of the Sarbanes-Oxley Act primarily focuses on the responsibilities of corporate management to certify the accuracy of financial reports and the effectiveness of internal controls. It does not specifically require the board of directors to certify the organization's internal controls over financial reporting; instead, it mandates that the CEO and CFO are responsible for these certifications.

Which of the Following Is Not an Implication of Section