The Dodd-Frank Act Requires Auditors to Report on Broker-Dealer Compliance

question 39

Multiple Choice

The Dodd-Frank Act requires auditors to report on broker-dealer compliance with internal control:

• A)Over financial reporting as of year-end.
• B)Operational effectiveness as of year-end.
• C)Over compliance with various SEC requirements during the most recent fiscal year.
• D)In conjunction with the Foreign Corrupt Practices Act.

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Definitions:

Social Commerce

A subset of e-commerce that uses social networks to assist in marketing and purchasing products.

Server

A system or computer that offers programs, services, data, or resources to other computers, referred to as clients, across a network.

Client

In computing, a piece of hardware or software that accesses a service made available by a server.

RSS

A web feed allowing users and applications to access updates to websites in a standardized, computer-readable format.