Which of the following expresses the effect of the D'Oench, Duhme doctrine in relation to federally insured banks?
a. It makes it harder for federal agencies to bring criminal charges against bank officials who negligently, but not intentionally, made bad loans.
b. It makes it easier for federal agencies to bring criminal charges against bank officials who negligently, but not intentionally, made bad loans.
c. It makes it harder for federal agencies to collect on outstanding loans by specifically providing that an oral loan commitment is enforceable so long as at least two bank officials confirm the existence of the oral agreement and there is no indication that the debtor involved acted in an illegal manner.
d. It makes it easier for federal agencies to collect on outstanding loans by barring enforcement of any agreements unless the agreements are in writing and approved contemporaneously by the bank's board or loan committee and recorded in the bank's written records.
d
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Discuss the key features of the one-time password technique:
A major difference between financial statement auditors and fraud examiners is that most financial statement auditors:
a. match documents to verify whether support exists for recorded information. b. determine whether the documents are originals. c. determine whether the expenditures make sense. d. check whether all aspects of the documentation are in order.
Websites such as Google and Bing use what technique to help boost rankings in results?
A) Human editors B) Monitoring algorithms C) Search engine optimization techniques D) Hidden Internet E) Metasearch engines
Which of the following statements is TRUE of managerial accounting?
A) The external stakeholders of a company are the primary users of managerial accounting. B) Managerial accounting information is used to help managers plan, direct and control their operations. C) An external audit by an independent CPA is required for managerial accounting information. D) Managerial accounting information must comply with Generally Accepted Accounting Principles.