Under the liability provisions of Section 11 of the Securities Act of 1933, a CPA may be liable to any purchaser of a security for certifying materially misstated financial statements that are included in the security's registration statement. Under Section 11, which of the following must be proven by a purchaser of the security?
A. The CPA committed fraud and the purchaser relied on the financial statements.
B. The purchaser relied on the financial statements, but not that the CPA committed fraud.
C. The CPA committed fraud, but not that the purchaser relied on the financial statements.
D. Neither that the CPA committed fraud, nor that the purchaser relied on the financial
statements.
D. Neither that the CPA committed fraud, nor that the purchaser relied on the financial
statements.
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The last step in the value creation and delivery sequence is ________ the value where the sales force, sales promotion, advertising, and other communication tools announce and promote the product
A) developing B) positioning C) communicating D) reversing E) researching
Which of the following is false regarding a comprehensive approach to fighting fraud?
a. detecting fraud is the responsibility of the independent auditors b. evaluating controls is the function of the internal auditor c. corporate security officers see their role as investigative d. employees are in the best position to prevent and spot fraud
On November 1, Jasper Company loaned another company $100,000 at a 6.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31, and adjustments are only made at year-end. The adjusting entry needed on December 31 is:
A. Debit Interest Expense, $5,000; credit Interest Payable, $5,000. B. No entry required. C. Debit Interest Expense, $1,000; credit Note Payable, $1,000. D. Debit Interest Receivable, $1,000; credit Interest Revenue, $1,000. E. Debit Interest Receivable, $500; credit Interest Revenue, $500.
Mai filed a sexual harassment complaint against her supervisor. Afterward, she noticed that managers were treating her differently and putting increased pressure on her. Eventually, the situation became intolerable for Mai and she voluntarily resigned from the organization. It is likely that Mai experienced ______ for alleging sexual harassment.
A. disparate impact B. constructive discharge C. quid pro quo sexual harassment D. undue hardship