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Which of the following is NOT required of management under Section 302 of the SOX? A....

Which of the following is NOT required of management under Section 302 of the SOX? A. Identify and report significant control deficiencies on material weaknesses to the audit committee and independent auditor B. Assess each internal control deficiency's impact on the audit report C.  Review their disclosure controls and procedures quarterly D.  Identify key control exceptions and determine which are internal control deficiencies

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Answer #1

As per section 302 management is responsible for designing internal control, disclosing any material changes to the internal controls. This, management evaluates and certify internal control..

This, point (b), assess each internal control deficiency's impact on the audit report is not a requirement of section 302 of Sox act.

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