Question: Select the correct answer for each of the following questions

Select the correct answer for each of the following questions.
1. A major impact of the Foreign Corrupt Practices Act of 1977 is that registrants subject to the Securities Exchange Act of 1934 are required to
a. Keep records that reflect the transactions and dispositions of assets and maintain a system of internal accounting controls.
b. Provide authorized agencies of the federal government access to records.
c. Record all correspondence with foreign nations.
d. Prepare financial statements in accordance with international accounting standards.
e. Produce full, fair, and accurate periodic reports on foreign commerce, foreign political party affiliations, or both.
2. Shareholders may ask or allow others to enter their vote at a shareholders' meeting that they are unable to attend. The document furnished to shareholders to provide background information for their vote is a
a. Registration statement.
b. Proxy statement.
c. 10-K report.
d. Prospectus.
3. Formation and meaningful utilization of an audit committee of the board of directors is required of publicly traded companies that are subject to the rules of the
a. Securities and Exchange Commission.
b. Financial Accounting Standards Board.
c. National Association of Securities Dealers.
d. American Institute of Certified Public Accountants.
4. An external auditor's involvement with a Form 10-Q that is being prepared for filing with the SEC would most likely consist of
a. An audit of the financial statements included in Form 10-Q.
b. A compilation report on the financial statements included in Form 10-Q.
c. The issuance of a comfort letter that covers stub-period financial data.
d. The issuance of an opinion on the internal controls under which the Form 10-Q data were developed.
e. A review of the interim financial statements included in Form 10-Q.

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