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Which Statement Best Describes the 1934 Act's Position on Whistleblowing

Question 2

Multiple Choice

Which statement best describes the 1934 Act's position on whistleblowing?


A) Auditors who suspect that a client has committed an illegal act must notify the client's board of directors.
B) Whistleblowers receive no protection under the Act and must decide for themselves if disclosure is worthwhile.
C) If a client's board is notified of potential wrongdoing and does nothing,the auditor need do nothing more.
D) Auditors are advised to avoid direct contact with the SEC regarding potential client wrongdoing.

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