Which of the Following Is a Part of the Global

question 25

Multiple Choice

Which of the following is a part of the Global Legal Settlement of 2002?

• A)The establishment of a Public Company Accounting Oversight Board (PCAOB)to supervise accounting firms and thus insure that audits are independent and controlled for quality.
• B)Increased penalties for white-collar crime and obstruction of official investigations.
• C)Requires a CEO and CFO to certify that periodic financial statements and disclosure of the firm are accurate.
• D)Requires investment banks to make public their analysts' recommendations.

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Definitions:

Equity

Refers to the ownership interest in a corporation in the form of common or preferred stock; it represents the owners' share in the company's assets.

Fairness

A subjective concept referring to equal and impartial treatment, decisions, and actions in context with ethical, societal, or personal standards and norms.

Normative Economics

An approach to economics that makes judgments about what the economy should be like or what particular policy actions should be recommended.

Behavior

The actions or reactions of an individual, group, or system in response to external or internal stimuli.