Which of the following is an accurate statement regarding a public company's code of ethics?
A) A code of ethics is required under The Foreign Corrupt Practices Act.
B) A code of ethics is required only for mid-level managers and below.
C) The SEC requires companies to disclose amendments and waivers to the code of ethics for the CEO, CFO and principal accounting officer.
D) The PCAOB requires companies to review their code of ethics every five years.

Question

Quizplus · Accepted Answer

The SEC requires companies to disclose any amendments and waivers to the code of ethics for the CEO, CFO, and principal accounting officers. Option A is not entirely accurate as The Foreign Corrupt Practices Act only requires companies to maintain accurate books and records and implement internal controls. Option B and D are incorrect as a code of ethics is required for all employees and the PCAOB does not have specific requirements for the review of a code of ethics.

Which of the Following Is an Accurate Statement Regarding a Public