Which of the Following Are Permitted to Collect Financial Rewards

question 38

Multiple Choice

Which of the following are permitted to collect financial rewards as informants under the Dodd-Frank Act?

• A) Non-partner staff members of an audit team who provide information learned during the course of working on an audit
• B) Foreign citizens who do not reside in the United States
• C) Internal auditors who currently work for the company on which they are informing
• D) Internal auditors who formerly worked for the company on which they are informing

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Definitions:

Factory Overhead

Costs tied to manufacturing processes, excluding those for direct labor and materials.

Office Utilities

Expenses associated with the essential services used in an office, such as electricity, water, gas, and internet.

Selling and Administrative Expense

Operating expenses that are not directly tied to production, including costs related to sales, marketing, and general administration of a company.

Direct Materials

The raw materials directly traceable to the manufacturing of a product, forming a significant part of the production cost.