With the enactment of the Sarbanes-Oxley Act in 2002:
A. the liability risks of officers and directors less stringent.
B. corporate governance and disclosure requirements of public companies is subject to greater regulation.
C. the recruitment of qualified independent directors is simpler.
D. the expense and administrative responsibilities of being a public company are significantly lower.
Answer: B
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Which of the following procedures is not appropriate for examining or reviewing pro forma financial information?
a. Obtaining less evidence in an examination engagement than in a review engagement. b. Obtaining an understanding of the underlying transaction or event. c. Discussing management's assumptions regarding the effects of the transaction or event. d. Evaluating whether pro forma adjustments are completely recorded.
With a partnership, profit and losses are reported on?
a. A 1040E schedule b. A Schedule K-1 c. An S-schedule d. Profit and losses are not reported
The level of emotional commitment an employee has to an organization and its goals is known as _____.
a. efficacy b. engagement c. synergy d. orientation
Organizations pursuing a ________ strategy view international operations as secondary to their home operations
A) home-entity B) home-replication C) multidomestic D) transnational E) national