SOX requires:
a. public companies to report all off-balance sheet transactions
b. management to accept responsibility for maintaining adequate internal controls
c. Officers to certify that company accounts fairly present the results of operations
d. all of the above.
D
You might also like to view...
Denton agreed to build a cedar deck for the Thrashers for $7,000 . After he began the work, the Thrashers asked him to add cedar flower boxes at one side. Denton replied he would, but it would cost an additional $600 . The Thrashers would not be obligated to pay the additional sum because the original agreement already obligated Denton to complete the deck for $7,000
a. True b. False Indicate whether the statement is true or false
The National Association of Insurance Commissioners (NAIC) has drafted a "Life Insurance Policy Illustration" model law that most states have adopted. Which of the following statements concerning this model law is (are) true?
I. The policy illustration must include a narrative summary describing the basic characteristics of the policy. II. The policy illustration must include a numeric summary showing the premium outlay, the value of the accumulation account, the cash surrender value, and the death benefit. A) I only B) II only C) both I and II D) neither I nor II
Gem Jewelers files a voluntary petition for bankruptcy. In listing its as-sets, Gem in-tentionally does not include certain valuable stones. After Gem is granted a discharge, Hasty Catering, one of Gem's unsecured creditors whose claims were discharged, learns of the fraud. Hasty can A) do nothing
B) enforce its claim against Gem. C) file an involuntary petition for bankruptcy against Gem. D) take possession of the stones with or without a breach of the peace.
A business owned and managed by one individual is a _________________________.
Fill in the blank(s) with the appropriate word(s).