Question 1

Are personal loans allowed to directors and executives?

Accepted Answer

A)  Yes, if they are under $1 million. 
B)  Yes, if reported in the next quarterly filing to the SEC. 
C)  Yes. 
D)  No. 
A)  Yes, if they are under $1 million. 
B)  Yes, if reported in the next quarterly filing to the SEC. 
C)  Yes. 
D)  No.

Question 2

The SEC has the power to make and enforce rules under SOX.

Accepted Answer

A) True 
 B)False

Question 3

Explain the 4 domains of the Control Objectives found within the Control Objectives for Information and related Technology (COBIT).

Accepted Answer

Planning and Organization Domain This do

Question 4

What are some of the enhanced financial disclosures under Section IV of SOX?

Accepted Answer

Answers may include: disclosure of all m

Question 5

Which of the following is not one of the additional compliance guidelines?

Accepted Answer

A)  Establishing a compliant corporate culture, beginning with top-level employees. 
B)  Establishing and maintaining effective whistleblower programs. 
C)  Conducting ongoing risk assessments to identify and prevent potential problems. 
D)  Coordination with industry analysts to ensure they have proper data. 
A)  Establishing a compliant corporate culture, beginning with top-level employees. 
B)  Establishing and maintaining effective whistleblower programs. 
C)  Conducting ongoing risk assessments to identify and prevent potential problems. 
D)  Coordination with industry analysts to ensure they have proper data.

Question 6

The SEC created ISO 27002 to assist corporations with enhancing their Internal Control Standards.

Accepted Answer

A) True 
 B)False

Question 7

According to the Sentencing Reform Act of 1984, how are judges to determine the sentence for the guilty?

Accepted Answer

A)  On a point system. 
B)  Based upon the monetary damaged caused to investors. 
C)  Based upon previous cases sentences. 
D)  A panel of 3 judges decide the sentences. 
A)  On a point system. 
B)  Based upon the monetary damaged caused to investors. 
C)  Based upon previous cases sentences. 
D)  A panel of 3 judges decide the sentences.

Question 8

What does good enterprise risk management do?

Accepted Answer

A)  Helps management achieve its objectives relating to financial reporting objectives and legal compliance. 
B)  Helps the SEC identify high fraud potential organizations. 
C)  Eliminates risk to investors by forcing corporations to maintain a fraud liability sinking fund. 
D)  Assists industry analysts with a risk management reports. 
A)  Helps management achieve its objectives relating to financial reporting objectives and legal compliance. 
B)  Helps the SEC identify high fraud potential organizations. 
C)  Eliminates risk to investors by forcing corporations to maintain a fraud liability sinking fund. 
D)  Assists industry analysts with a risk management reports.

Question 9

Which of the following is not a concern of Title V, Analyst Conflicts Of Interest?

Accepted Answer

A)  Prevents securities research analysts from being supervised by persons who are involved in investment banking activities. 
B)  Limits the investment bankers' ability to pre-approve research reports. 
C)  Limits the number of hours an analyst can spend on any one evaluation 
D)  Protects research analysts who write negative reports from retaliation by their employers. 
A)  Prevents securities research analysts from being supervised by persons who are involved in investment banking activities. 
B)  Limits the investment bankers' ability to pre-approve research reports. 
C)  Limits the number of hours an analyst can spend on any one evaluation 
D)  Protects research analysts who write negative reports from retaliation by their employers.

Question 10

Section 301 requires compliance with its provisions as a precondition to companies being publicly traded. Companies not in compliance with Section 301 can be:

Accepted Answer

A)  Charged in Federal District Court with a civil violation. 
B)  Placed on probation, or be delisted, by the SEC. 
C)  Audited by the IRS. 
D)  There is no penalty for non-compliance with Section 301. 
A)  Charged in Federal District Court with a civil violation. 
B)  Placed on probation, or be delisted, by the SEC. 
C)  Audited by the IRS. 
D)  There is no penalty for non-compliance with Section 301.

Are personal loans allowed to directors and executives?

The SEC has the power to make and enforce rules under SOX.

Explain the 4 domains of the Control Objectives found within the Control Objectives for Information and related Technology (COBIT).

What are some of the enhanced financial disclosures under Section IV of SOX?

Which of the following is not one of the additional compliance guidelines?

The SEC created ISO 27002 to assist corporations with enhancing their Internal Control Standards.

According to the Sentencing Reform Act of 1984, how are judges to determine the sentence for the guilty?

What does good enterprise risk management do?

Which of the following is not a concern of Title V, Analyst Conflicts Of Interest?

Section 301 requires compliance with its provisions as a precondition to companies being publicly traded. Companies not in compliance with Section 301 can be:

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters

Exam 15: Fraud and Sox Compliance

Are personal loans allowed to directors and executives?

The SEC has the power to make and enforce rules under SOX.

Explain the 4 domains of the Control Objectives found within the Control Objectives for Information and related Technology (COBIT).

What are some of the enhanced financial disclosures under Section IV of SOX?

Which of the following is not one of the additional compliance guidelines?

The SEC created ISO 27002 to assist corporations with enhancing their Internal Control Standards.

According to the Sentencing Reform Act of 1984, how are judges to determine the sentence for the guilty?

What does good enterprise risk management do?

Which of the following is not a concern of Title V, Analyst Conflicts Of Interest?

Section 301 requires compliance with its provisions as a precondition to companies being publicly traded. Companies not in compliance with Section 301 can be:

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

Fraud Detection

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters