1.5-17 SOX allows CPA firms to provide which of the following services to existing audit clients, bu

1.5-17 SOX allows CPA firms to
provide which of the following services to existing audit clients, but ONLY if pre-approved
by the audit committee?
A. Consulting.
B. Tax
C. Financial information design
D. Bookkeeping

1.5-18 SOX requires that the
companyâ€s financial statements be certified by the companyâ€s:
A. CFO.
B. CEO.
C. CFO and CEO.
D. Controller.

1.5-19 SOX requires publicly
traded companies to have ___________ assessed annually.
A. their internal control system
B. their financial Reporting procedures
C. their internal control system and financial Reporting
system
D. none of the above

1.5-20 The
SEC has moved to adopt IFRS for which types of companies?
A.
All U.S. companies
B.
Only foreign companies operating in the US
C.
All U.S. publicly traded companies
D.
All U.S.
private companies

1.5-21 IFRS stands for:
A.
International and Foreign Reporting Systems.
B.
International Financial Reporting Standards.
C.
Important Foreign Registering Systems.
D.
International and Foreign Registering Standards.

1.5-22 XBRL stands for:
A.
eXtensible Business Reporting Language.
B.
eXisting Business Responsibility Language.
C.
eXtensive Business Registering Location.
D.
eXtractable Business Reporting Location.

1.5-23 All publicly traded companies will be required to
use XBRL by the year:
A.
2010.
B.
2011.
C.
2015.
D.
2017.

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