Act105 week 72 - Study guides, Class notes & Summaries
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Act105 week 7.2 Questions with 100% Correct Answers | Verified | Latest Update 2024
- Exam (elaborations) • 4 pages • 2024
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uestion 1 of 10 10.0/ 10.0 Points 
Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of 
public reporting companies. 
A. True 
B. 
False 
Answer Key: 
True 
Question 2 of 10 10.0/ 10.0 Points 
Which of the following is not one of the four specific responsibilities that PCAOB Auditing 
Standard No. 2 levies on company management? 
A.Accept responsibility for the effectiveness of the company’s internal control over 
financial reporting. 
B.Evaluate the effective...
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Act105 week 7.2 Exam 2023 Questions and Answers (100% Correct)
- Exam (elaborations) • 4 pages • 2024
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- $9.49
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Question 1 of 10 10.0/ 10.0 Points 
Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of 
public reporting companies. 
A. True 
B. 
False 
Answer Key: 
True 
Question 2 of 10 10.0/ 10.0 Points 
Which of the following is not one of the four specific responsibilities that PCAOB Auditing 
Standard No. 2 levies on company management? 
A.Accept responsibility for the effectiveness of the company’s internal control over 
financial reporting. 
B.Evaluate the effectiv...
-
ACCT 105 Act105 week 7.2 Review Exam 2023 Questions and Answers (100% Correct)
- Exam (elaborations) • 4 pages • 2024
-
- $8.99
- + learn more
Question 1 of 10 10.0/ 10.0 Points 
Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of 
public reporting companies. 
A. True 
B. 
False 
Answer Key: 
True 
Question 2 of 10 10.0/ 10.0 Points 
Internal controls, as defined in Sarbanes-Oxley Section 404, are: 
A.the processes a company implements to prevent theft by employees. 
B.the processes a company implements to prevent fraternization within 
departments. 
C.the processes a company implements to ensure its ...
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ACCT 105Act105 week 7.2QUESTIONS AND ANSWERS 100% Accuracy, latest 2024.
- Exam (elaborations) • 4 pages • 2024
-
- $8.49
- + learn more
Question 1 of 10 10.0/ 10.0 Points 
Section 404 of Sarbanes-Oxley levies duties on both management and outside auditors of 
public reporting companies. 
A. True 
B. 
False 
Answer Key: 
True 
Question 2 of 10 10.0/ 10.0 Points 
Which of the following is not one of the four specific responsibilities that PCAOB Auditing 
Standard No. 2 levies on company management? 
A.Accept responsibility for the effectiveness of the company’s internal control over 
financial reporting. 
B.Evaluate the effectiv...
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