Match each of the following SOX requirements to the corresponding objective by entering the appropriate letter in
Question:
1. Establish a tip line for employees to report questionable acts.
2. Increase maximum fines to $5 million.
3. Require management to report on effectiveness of internal controls.
4. Legislate whistle-blower protections.
5. Require external auditors’ report on effectiveness of internal controls.
A. Counteract incentives for fraud.
B. Reduce opportunities for error and fraud.
C. Encourage good character.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Question Posted: