Which of the Following Is Not a Responsibility of the Chief

question 16

Multiple Choice

Which of the following is not a responsibility of the chief executive officer (CEO) and the chief financial officer (CFO) ?

• A)Overseeing the financial statement external audit.
• B)Ensuring the accuracy and completeness of all reports provided to the Securities & Exchange Commission (SEC).
• C)The certification of the strength of the internal control system.
• D)The disclosure to the audit committee of any frauds they are aware of.

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Definitions:

Conversion Value

The financial value of a convertible security if it is converted into a different form, typically shares of the issuing company's stock.

Call Option Contracts

Financial contracts that give the holder the right, but not the obligation, to buy an asset at a specified price within a specific time frame.

Intrinsic Value

The actual, perceived, or calculated value of an asset, investment, or company based on fundamental analysis without reference to its market value.

Strike Price

The predetermined price at which the holder of an option can buy (call) or sell (put) the underlying asset.