💰 CPA Exam Prep

The Sarbanes-Oxley Act (SOX) requires public companies to:

A Eliminate all debt
B Maintain and report on the effectiveness of internal controls over financial reporting
C Only hire Big 4 auditors
D Publish daily financial reports

✓ Correct Answer: Option B

SOX Section 404 requires management assessment and auditor attestation of internal controls over financial reporting.

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