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GAAP vs. IFRS: Fraud, Internal Controls, and Cash
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GAAP vs. IFRS: Fraud, Internal Controls, and Cash
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15. GAAP vs IFRS / GAAP vs. IFRS: Fraud, Internal Controls, and Cash / Problem 5
Problem 5
What is a key difference in internal control standards between US companies under the Sarbanes Oxley Act and international companies?
A
US companies are exempt from internal audits.
B
International companies must comply with the Sarbanes Oxley Act.
C
US companies have stricter internal control requirements.
D
International companies have more stringent reporting standards.
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