State whether each of the following is true or false. For those that are false, explain why.
(a) A proposed new financial accounting standard would not allow cash equivalents to be reported in combination with cash.
(b) Perspectives on bribery and penalties for engaging in bribery are the same across all countries.
(c) Cash equivalents are comprised of cash on hand and demand deposits.
(d) SOX was created by the International Accounting Standards Board.