1. Sarbanes-Oxley Internal Control Report Using Wikipedia (www.wikipedia.org), look up the entry for Sarbanes-Oxley Act. Look over the table of contents and find the section that describes Section 404. Section 404 requires management's internal control report to: a.State the responsibility of management for establishing and maintaining an adequate internal control structure and procedures for financial reporting. b.State the responsibility of auditors for establishing and maintaining an adequate internal control structure and procedures for financial reporting. c.Contain an assessment, as of the end of the issuer's fiscal year, of the effectiveness of the internal control structure and procedures of the issuer for financial reporting. d."State the responsibility of management for establishing and maintaining an adequate internal control structure and procedures for financial reporting." and "Contain an assessment, as of the end of the issuer's fiscal year, of the effectiveness of the internal control structure and procedures of the issuer for financial reporting." e.None of these choices are correct. 2. Internal Controls Jimmy Pace has recently been hired as the manager of Jittery Jon’s Coffee Shop. Jittery Jon’s Coffee Shop is a national chain of franchised coffee shops. During his first month as store manager, Jimmy encountered the following internal control situations: a. Jittery Jon’s Coffee Shop has one cash register. Prior to Jimmy’s joining the coffee shop, each employee working on a shift would take a customer order, accept payment, and then prepare

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Answer As per Sarbaney Oxley Act 2002 there is report tor Seetion ei04 requiemed A Fnbemal outl Rule... View the full answer