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9 Cards in this Set
- Front
- Back
- 3rd side (hint)
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As a result of the Sarbanes - Oxley act, the New York Stock Exchange and the NASDAQ instituted new rules directly affecting a public company's what? |
Audit committee |
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Which of the following is a true statement regarding section 102 of the PCAOB? |
Accounting firms that are not registered with the PCAOB are prohibited from preparing or issuing audit reports on US public companies |
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The correct information about the PCABO's Center for enforcement, tips, complaints and other information? |
It provides individuals with the ability to file a complaint on potential violations by public accounting firm, it maintains a hotline, it is a private sector corporation. |
The incorrect statement is that it is a government agency within SEC |
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Which is the correct statement relating to the Amended Federal Sentencing Guidelines for Organizational Crime of November 2004 for an effective program to prevent and deter violations of law? |
Adequate resources must be provided for an ethics and compliance program |
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what is the driving force in the creation of SAS 99 to replace SAS 82? |
The accounting industry inability to detach massive accounting fraud, the many corporate scandal that were disclosed, the outcry from the American public over billions in investment losses. |
All of the above |
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Today, there is greater scrutiny of blank overwrite to lessen the chance of phony journal entry. |
Management |
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The SEC's implementation of Section 301 of the Sarbanes - Oxley Act required which of the following? |
All audit committee members must be independent |
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In Stephen Cutler's "Gatekeeper's Speech", he refers to a bribery scandal from the 1970s to illustrate how history repeats itself when it comes to fraud. What antifraud Act was enacted as a result of that bribery scandal? |
Foreign Corrupt Practices Act |
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What are three of the compliance requirements of the amended federal sentencing guidelines for organizational crime? |
Organizational leadership and a culture of compliance, standards and procedures, training and communication |
Not term limits of corporate executives |
