According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of directors is directly responsible for
| a |
performing tests of the company's internal control structure. |
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| b |
overseeing day-to-day operations of the internal audit department. |
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| c |
certifying the accuracy of the company's financial reporting process. |
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| d |
hiring and firing the external auditors. |
A fraud technique that uses unauthorized codes in an authorized and properly functioning program is called the ________ technique.
| a |
Trojan horse |
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| b |
man-in-the-middle |
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| c |
salami |
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| d |
trap door |
Ransomware often comes in the form of
| a |
free apps. |
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| b |
an e-mail that threatens to kidnap the reader unless a ransom is paid. |
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| c |
fake antivirus software. |
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| d |
free performance-maximizing software. |
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1. Option D is the answer As pet sarbanes oxley act of 2002, hiring and firing of external auditors is the responsibility of the committee of board of directors |
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2. Option A is the answer Injecting unauthorized code into a proper functioning program is called Trojan horse technique |
| 3. Option C is the answer |
According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of directors is...
7·The Sarbanes-Oxley Act a. created the Private Company Accounting Board. b. allows accountants to audit and to perform any type of consulting work for a public company. c. stipulates that violators of the act may serve 20 years in prison for securities fraud d. requires that an outside auditor must evaluate a public company's internal control.
3-2 Which of the following does not apply to the audit committee under the Sarbanes-Oxley Act of 2002? a. The audit committee is responsible for hiring, paying, and overseeing the work of the company's external auditors. b. The audit committee is responsible for establishing procedures for receiving and dealing with complaints and anonymous employee tips regarding fraud. c. At least one member of the audit committee is a financial expert. d. The audit committee reports to the external auditórs any...