According to the PCAOB, who is responsible for the reliability of the internal controls over financial reporting process of an entity?
A. The entity's board of directors.
B. An internal control specialist.
C. The entity's CEO and/or CFO.
D. The external auditor.
Answer: C
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Promotions for existing products have been found to have a large impact on sales and other objectives, but most evidence shows that these effects are temporary
Indicate whether the statement is true or false
Direct materials purchases are determined as ________
a. Materials required for production + Desired ending materials inventory + Units in beginning materials inventory b. Expected units to be sold + Desired units in ending inventory + Units in beginning inventory c. Expected units to be sold + Desired units in ending inventory ? Units in beginning inventory d. Materials required for production + Desired ending materials inventory ? Units in beginning materials inventory
Which of the following is an advantage of collaborating at the development stage of a technology?
A. It increases asset commitment to obsolete products. B. It ensures cooperation in the commercialization stage. C. It increases a product's cycle time. D. It facilitates the emergence of multiple competing standards for a product.
Since 1976, the Food and Drug Administration has had the increased authority to:
a. subject medical devices to premarket approval. b. require manufacturers to do corrective advertising. c. make manufacturers responsible for seeing that drugs are proven safe and effective before being sold. d. make package inserts or labels on drugs list possible side effects.