L$05$ Management and Auditor Responsibility for Internal Control

E$10$A$.$ BUSINESS APPLICATION $\backslash (\backslash |\backslash )$ Match the items with the related statements that follow.

a$.$ Management's responsibility

b$.$ Section $404$ of Sarbanes$-$Oxley Act

c$.$ Independent accountant's responsibility

d$.$ Internal control

$1.$ Provides reasonable assurance to outside parties that management maintains internal control over financial reporting.

$2.$ Established by management to ensure the reliability of accounting records and financial statements in accordance with GAAP.

$3.$ Requires that the chief executive officer, the chief financial officer, and the auditors of a public company fully document and eertify the company's system of internal controls.

$4.$ To assure the establishment of a system of internal control and assess its effectiveness.