Under provisions of the Securities and Exchange Act of 1934, the SEC may issue an order
prohibiting any person who has committed securities fraud from acting as an officer or a director
of a public company.
Indicate whether the statement is true or false
FALSE
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"Computer assisted audit techniques and audit data analytics have steadily reduced the number of situations in which audit sampling is necessary and, in the future, will probably eliminate the need for auditors to rely on sampling." Defend or refute the preceding statement.
What will be an ideal response?
Which of the following is NOT an appropriate internal control for cash receipts over the counter?
A) A receipt is issued for each transaction to ensure that each sale is recorded. B) The store clerk deposits the cash in the bank. C) At the end of the day, the manager proves the cash by comparing the cash in the drawer against the machine's record of cash sales. D) The cash draw opens after the store clerk enters a transaction.
Hazeltine Company issued common stock for $200,000 cash. What happened as a result of this event?
A. Assets, claims, and equity all increased. B. Claims increased. C. Assets increased. D. Equity increased.
According to the Capital Asset Pricing Model, investors are primarily concerned with portfolio risk, not the risks of individual stocks held in isolation. Thus, the relevant risk of a stock is the stock's contribution to the riskiness of a well-diversified portfolio.
Answer the following statement true (T) or false (F)