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Sarbanes-Oxley MCQs

What is the documentation requirement for off balance sheet transactions?

There is no requirement if not on a financial statement

They must be written down but not disclosed

As long as management knows of them no documentation is required

Companies must disclose any transactions that may have a material effect on the company in the future

Answer

Correct Answer: Companies must disclose any transactions that may have a material effect on the company in the future

Explanation:

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