The Sarbanes-Oxley Act of 2002 requires that the management report on internal control include all of the following, except:
a. A conclusion about the effectiveness of the company's internal controls.
b. A statement of management's responsibilities for establishing and maintaining adequate internal controls.
c. A statement that the auditor has attested and reported on management's evaluation of internal controls.
d. A statement that there are no disagreements between management and the auditor as to the effectiveness of internal controls.
Choice "d" is correct. Financial statement disclosures include management's assumption of responsibility for internal control, management's assessment of internal control effectiveness and a statement that the auditor has reported on management's evaluation. Management does not describe disagreements, if any, between management and the auditor.
Choices "b", "a", and "c" are incorrect, based on the above explanation.