Section 206 of the Sarbanes-Oxley Act Makes It Unlawful for an Accounting

question 55

Multiple Choice

Section 206 of the Sarbanes-Oxley Act makes it unlawful for an accounting firm to perform an audit if all but which of the following officers are employed by the accounting firm and participated in the audit during the one-year period preceding the start of the audit?

• A)chief executive officer
• B)chief accounting officer
• C)controller
• D)accounts payable manager
• E)security officer
• F)both A and D
• G)both B and C
• H)Both D and E

Understand the role and creation of administrative agencies through enabling statutes.

Know the appeals process for decisions made by administrative law judges.

Identify various types of orders and actions by administrative agencies, such as subpoenas and rule-making procedures.

Recognize the functions and affiliations of federal executive agencies within government departments.

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Definitions:

Emergency Situation

A critical or urgent circumstance that requires immediate action.

Presence Or Absence

A phrase indicating whether a particular factor, condition, or entity exists or is lacking in a given context.

Bystander Effect

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Increased Significantly

A term used to describe a situation where a change or difference is both statistical and meaningful in magnitude, indicating a departure from chance.