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2. Dan provided original information to authorities regarding a
securities fraud in his company. It led the SEC to impose penalties of
$2 million. Which of the following is most likely to be Dan's award
under Dodd-Frank?
3. Which of the following is necessary to be an audit committee
financial expert, according to the criteria specified in the SarbanesOxley Act of 2002?
4. Which of the following did Dodd-Frank do regarding a
whistleblower's right to sue for retaliation accorded by SOX?
5. A public company audit committee's "financial expert" must
have all of the following except:
6. Fang provided original information to authorities regarding a
securities fraud in his company. The information led to an imposition
of penalties of $500,000. It also led to Fang being fired in retaliation
by his public company employer. Which of the following is true?
7. Public company audit committees must contain which of the
following?
8. Under SOX, it is a crime to punish a public company
whistleblower who provides truthful information relating to which of
the following:
9. Mar has been complicit in her public company's accounting
fraud. She consults a lawyer as the time comes to file her firm's 10-K
with the SEC. She is a little uncomfortable with what she might have
to do. The lawyer will likely tell her that she will have to certify (and be
potentially criminally liable for lying about) these matters:
10. Milo Corp. maintains daily backups of its accounting system in a
fireproof vault in the file library. Weekly, monthly, and annual
backups are stored in a secure, fireproof vault at an off-site location.