True or False: -SOX requires a company's management as well as its outside auditors to document and...

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Accounting

True or False:
-SOX requires a company's management as well as its outsideauditors to document and assess the effectiveness of a company'sinternal controls
-Cash equivalents are defined as short-term investments whichhave a maturity date less than twelve months from their date ofpurchase
-When a company receives a check from a customer for workperformed, "Accounts Receivable" rather than "Cash" should bedebited
-Companies should strive to keep a large amount of petty cash onhand
-When the bank makes an error, the company should correct thiserror on the bank side of the reconciliation

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SOX requires a companys management as well as its outside auditors to document and assess the effectiveness of a companys internal controls TRUE Explanation SOX was introduced after major corporate scandals like Enron It focuses a lot on accounting See Answer

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