MrGreen Is a CPA Who Has Been Hired to Perform

question 22

Multiple Choice

Mr.Green is a CPA who has been hired to perform an audit of a publicly traded corporation.As part of his duties,Mr.Green comes into possession of sensitive materials of the corporation.After the audit is over what should Mr.Green do with the materials?

• A)Return all of them to the corporation
• B)Keep them until asked for them
• C)Turn the documents over to the Secretary of State's Office
• D)Send the documents electronically to the SEC

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Definitions:

Securities and Exchange Commission

A U.S. government agency responsible for regulating the securities markets and protecting investors by enforcing securities laws.

Regulatory Capture

A situation in which regulatory agencies are dominated by the industries they are supposed to be regulating, often leading to decision-making that benefits the industry at the expense of the public interest.

Wall Street

A symbol for the financial markets and institutions located in the Financial District of Lower Manhattan, New York City, often associated with the American financial sector and stock market.

Financial Firms

Businesses that provide financial services such as banking, investment, insurance, and asset management.