19 Here are two statements: 1. The SOX Act makes management responsible for Internal Control 2. The Committee of Sponsoring Organizations provides a set of standards for Internal Control. Which of them are true? a. 1 only b. 2 only c. neither are true d. both are true a b Od Question 20 Which of the following would the text state is false? a. Accounting effectively reports the opportunity cost of decisions b. Not every decision should be ratified before it is taken c. Nonaccounting measures, such as defect rates, are often more timely than accounting reports. d. Financial measures should not be under the control of the people being monitored. Oa Ob Od