Author Question: The Sarbanes-Oxley Act requires that financial statements of all public companies report on ... (Read 53 times)

jjjetplane · **on:** Jul 5, 2018

The Sarbanes-Oxley Act requires that financial statements of all public companies report on management'sconclusions about the effectiveness of the company's internal control procedures.
a. True
b. False

Indicate whether the statement is true or false

Question 2

The perpetual inventory method is a method of record keeping that ________.

A) maintains a constant record of the inventory balance
B) updates the inventory records only at the end of the accounting period
C) can be used only in a computerized accounting system
D) involves calculating cost of goods sold only at the end of the period