Which of the Following Statements Is Most Correct Regarding Environmental

question 5

Multiple Choice

Which of the following statements is most correct regarding environmental, social and governance reports?

• A) They are becoming mandatory in an increasing number of countries.
• B) They are not currently required in any country.
• C) They are required as part of the IASB's accounting standards.
• D) Norway is leading the way with regards to requiring reporting.

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Definitions:

Howey Test

A test derived from SEC v. W.J. Howey Co. to determine if a transaction qualifies as an "investment contract" and thus is considered a security subject to certain regulatory requirements.

Investment Contracts

Agreements or schemes whereby an individual invests money with the expectation of profit primarily from the efforts of others.

Foreign Corrupt Practices Act (FCPA)

A U.S. law that prohibits companies and their individuals from bribing foreign officials for business advantages.

Bribery Provisions

Legal rules or clauses that deal with the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in charge of a public or legal duty.