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.

Question

Quizplus · Accepted Answer

The Answer of 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.

Indicate Whether Each of the Following Statements About Corporate Governance