Which of the Following Is True Regarding Activities of the Public

question 14

Multiple Choice

Which of the following is true regarding activities of the Public Company Accounting Oversight Board?

• A) The Board ensures that auditors and public accounting firms compile accurate and truthful financial reports for the companies they audit, but it has no responsibility in regard to whistle-blowing protection.
• B) The Board requires that companies devise a system that allows employees to report suspicions of unethical behavior, but it does not address financial reports prepared by auditors and public accounting firms.
• C) The Board requires that the universalization test be used as the primary ethical guideline and also mandates protection for whistle-blowers who report suspicious activity involving financial reports.
• D) The Board ensure that auditors and public accounting firms compile accurate and truthful financial reports for the companies they audit and also requires that companies devise a system that allows employees to report suspicions of unethical behavior.
• E) The Public Company Accounting Oversight Board was abolished during the Obama administration and no longer exists.

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Definitions:

Voluntary Euthanasia

Euthanasia conducted with the consent of the patient.

Solid Human Organs

Internal body organs that are solid in structure, such as the heart, liver, and kidneys, often considered for transplant in medical procedures.

Illegal

Activities or actions that are forbidden by law or statute and subject to criminal penalties or sanctions.

Buy And Sell

Buy and sell refer to the basic transactions in commerce where goods or services are exchanged for money or other compensation, underpinning the foundation of economic systems.