Enrico Is a CPA for a Large Company

question 243

Multiple Choice

Enrico is a CPA for a large company. Recently, he noticed that the company's accounting records significantly overstated the amount of inventory on hand. This led to an overstatement of the assets the company holds. Initially, he brought it to the attention of his supervisor, but when nothing was done to correct the mistake in a timely manner, he decided the best course of action was to report it to the appropriate government official. Although his actions took him outside the company, Enrico was counting on current law, under the ________, to protect him against company retaliation.

• A) Cellar-Kefauver Act
• B) Sarbanes-Oxley Act
• C) Robinson-Patman Act
• D) Sherman Act

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Definitions:

Renault

A multinational automobile manufacturer based in France, known for producing a range of cars and vans, and participating in motor racing.

Nissan

A multinational automobile manufacturer headquartered in Japan, known for its wide range of cars, trucks, and electric vehicles.

Cross-Border Mergers

Transactions where companies from different countries combine their operations or assets, often to expand market reach or leverage strategic advantages.

Direct Foreign Investment

A financial commitment made by a company or individual in one country to business interests in another country, typically via acquiring business assets or establishing business operations.