Other Notes for Test 2

Question 1

WHAT DOES AUDITING STANDARD 5 (AS5) PROMULGATE

Answer 1

AND INTEGRATED AUDIT OF FINANCIAL REPORTS AND INTERNAL CONTROLS

Question 2

WHAT IS INCLUDED IN SOX SECTION 302

Answer 2

CORPORATE RESPONSIBILITY FOR FINANCIAL REPORTS AND THE DUTIES OF THE SIGNING OFFICERS

Question 3

WHAT IS INCLUDED IN SOX SECTION 404

Answer 3

MGMT’S RESPONSIBILITY OF INTERNAL CONTROLS

ONLY APPLICABLE TO ACCELERATED FILERS AND LARGE ACCELERATED FILERS