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Two or More People Working Together to Circumvent Internal Controls

question 105

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Two or more people working together to circumvent internal controls and defraud a company is known as:


Definitions:

Shelf Registration

A regulatory provision that allows an issuer to register a new issue of securities without selling the entire issue at once, enabling subsequent sales over a period.

Regulation S-K

A SEC regulation that outlines reporting requirements for various SEC filings used by public companies.

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Purpose

The purpose behind the creation or existence of something.

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