An auditor suspects its client is committing illegal acts that will have a material impact on its financial statements. What is the auditor legally required to do and under what circumstances would the auditor directly notify the SEC?
Under Section 10A of the 1934 Act, the auditor must first contact the company's board of directors. If the board refuses to take corrective action, the auditor is required to issue a formal report to the board. If the board receives such an official report from the auditor, it is required to notify the SEC within one business day. If the auditor does not receive a copy of this SEC notice, it must notify the SEC directly.
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An executive is undecided whether to rely on in-house or external export specialists/intermediaries in the home country. He is leaning towards direct representation in a market. What are the benefits of going forth with direct representation?
What will be an ideal response?
Which channel and medium combination allows flexibility of multiple formats and channels but can be limited in terms of reach and capability?
A) Written, printed B) Written, digital C) Visual, printed D) Visual, digital E) Oral, digital
The primary advantage of the American Community Survey is that:
A) it will be a new form that is more interesting to people B) new, more important questions will be asked C) it will provide data annually instead of once every ten years D) more people will be able to understand the questions E) it will be translated into more languages
Regarding the Eight Types of Waste that must be eliminated to implement lean systems, using expensive high precision equipment when a simpler machine would suffice is part of which general waste category?
A) Motion B) Overproduction C) Inappropriate Processing D) Defects