Indicate Whether Each of the Following Statements About Corporate Governance

question 51

Short Answer

Indicate whether each of the following statements about corporate governance is true or false.
_____ a) The Financial Accounting Standards Board issues a code of ethical behavior by which public accountants must abide.
_____ b) The Sarbanes Oxley Act created the Public Company Accounting Oversight Board (PCAOB).
_____ c) Because of the Sarbanes Oxley Act, many audit firms now provide nonaudit services to audit clients.
_____ d) The fraud triangle identifies opportunity, pressure, and rationalization as the three elements that are typically present when fraud is committed.
_____ e) An executive found guilty of falsely certifying a company's financial statements faces up to a $5 million fine and 20 years in prison.

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Definitions:

Self-Theories

The beliefs that individuals hold about their abilities, potential, and identity, which can shape their motivation and behavior.

Central Component

is a fundamental element or core part of a system, theory, or structure.

Erik Erikson's Theory

A psychoanalytic theory that describes eight stages of human development, each characterized by a specific psychological conflict that contributes to a person's growth.

Comfortable

A state of physical ease and freedom from pain or constraint, as well as providing a sense of psychological ease and contentment.