The Reporting Requirements for Fraud Are Detailed in Section 10A

question 87

Multiple Choice

The reporting requirements for fraud are detailed in Section 10A of the Securities Exchange Act of 1934. Which of the following steps are NOT part of a prescribed process that should be followed in deciding whether to report fraud?

• A) Determine who is responsible for the fraud.
• B) Determine whether the violations have a material effect, quantitatively or qualitatively, on the financial statements.
• C) Determine whether appropriate remedial action has been taken.
• D) Determine whether reporting to the SEC is necessary.

---

Definitions:

Offer Sympathy

The act of expressing understanding, compassion, or sorrow for another's situation or feelings, aiming to provide comfort.

Listening Styles

The preferred ways individuals pay attention to and process spoken information and communication.

Hearing

Physiological process of decoding sounds.

Listening

The active process of receiving, interpreting, and reacting to verbal and nonverbal messages from others.