ACC 562 EDU Education Terms/acc562edu.com ACC 562 EDU Education Terms/acc562edu.com | Page 23

An audit which has as its purpose the evaluation of the
economy and efficiency with which resources are employed is known
as a(n)
Question 9
Management of a company is responsible for
Question 10
The audit agency for the U. S. Congress is the
Question 11
An audit committee must be comprised of outside directors and
at least one outside financial expert. Which of the following is
considered an outside director?
Question 12
A proper system of corporate governance is one that demands
Question 13
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: