CAF-3 · Chapter 16 · Question 3 of 15
An American multinational company implements stringent ITGCs specifically to ensure that its financial reporting data cannot be tampered with by its own IT staff. Which major regulation explicitly mandates these ITGCs for financial reporting integrity?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Sarbanes-Oxley Act (SOX)
Explanation
The Sarbanes-Oxley Act (SOX) is a major US regulation that explicitly mandates strict ITGCs to protect the accuracy, reliability, and integrity of corporate financial reporting . --------------------------------------------------------------------------------
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