As Directed by the Sarbanes-Oxley Act

question 142

Multiple Choice

As directed by the Sarbanes-Oxley Act,

• A) an attorney must report material violations of federal securities law to the public company's chief legal counsel or chief executive officer.
• B) attorneys cannot breach confidentiality rules even if a client is committing a crime or a fraud.
• C) if the audit committee fails to remedy any material violations of the federal securities law, the attorney must report the violation to the SEC.
• D) All of the above are required by Sarbanes-Oxley.

Appreciate the role of skills and teamwork in the success of quality improvement efforts.

Understand the principles and methods of Total Quality Management.

Recognize the significance and approach of Lean Process Improvement.

Identify the objectives and techniques of Six Sigma.

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Definitions:

Systems Design

The process of defining the architecture, components, modules, interfaces, and data for a system to satisfy specified requirements.

Cash Equivalents

Short-term, highly liquid investments that are easily convertible into known amounts of cash with original maturities of three months or less.

Highly Liquid

Describes assets that can be quickly and easily converted into cash with minimal impact on their value.

Vouchers

Documents that serve as evidence of a transaction and propose a future payment, detailing the conditions and amounts to be paid.