ACC 562 Course Great Wisdom / tutorialrank.com ACC 562 Course Great Wisdom / tutorialrank.com | Page 22

Section 304 of the Sarbanes-Oxley Act requires executives to forfeit any bonus or incentive-based pay or profits (including stock options) from the sale of stock received in the twelve months prior to an earnings restatement. This is often referred to as: Question 14 Which one of the following will provide auditing standards of public companies? Question 15 The responsibility for operating an enterprise is delegated to the: Question 16 The Sarbanes-Oxley Act of 2002 requires which of the following? Question 17 The audit client of the CPA firm is: Question 18 The Public Company Accounting Oversight Board was established by: Question 19 Audit committees are required to have what person in its composition? Question 20 Corporate governance is a process by which the owners and creditors of an organization Question 21