Digital signatures are used by individuals and companies engaged in e-commerce to guarantee the integrity and the authenticity of transactions or agreements executed between parties

Accounting Nov 02, 2020

Digital signatures are used by individuals and companies engaged in e-commerce to guarantee the integrity and the authenticity of transactions or agreements executed between parties. True False
Question 9 An integrated audit performed under Section 404 of the Sarbanes-Oxley Act addresses financial statements and: A. Compliance with laws. B. Internal control over asset safeguarding. C. Internal control over financial reporting, D. Suitable criteria.

Expert Solution

1)True
Digital signature make use of a mathematical approach which substantiate the authencity and integrity of documents and messages sent digitially.

2) Option C- Internal Control over financial reporting

As per Sec 404 of the Sarbanes Oxley Act , audit report of public companies must incorporate their own assesstment of internal control over financial reporting as well as auditors attestation

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