1.Which answers below are correct regarding the Foreign Corrupt Practices Act?

a. The Act created the Consumer Finance Protection Bureau which passed regulations to protect consumers in financial transactions.

b. The Act required corporate managers to personally certify financial statements filed with the SEC.

c. The Act created the Public Company Accounting Oversight Board.

d. The Act required companies to have strict accounting internal controls and required accountants to report illegal or misleading financial statements.

2.Which statement below is correct regarding a companys registration statement and prospectus filed with the SEC?

a. None of the answer choices are correct.

b. The public may inspect the registration only once 20 days have passed since submission.

c. The public has the ability to inspect both documents once a company files them with the SEC.

d. The public may inspect the prospectus only.

3.Which statement(s) below is (are) correct regarding the Sarbanes-Oxley Act?

a. All the answer choices are correct.

b. accountants must report to regulators any fraud or illegal activity discovered in the course of an audit.

c. corporate officers must personally certify financial information submitted to the SEC d. accounting companies can no longer be a management consultant and an auditor at the same company at the same time.

4.The __________ prohibits a U.S. business enterprise from paying anything of value to certain foreign persons in order to gain business deals in that foreign country.

a. Foreign Corrupt Practices Act b. Sarbanes-Oxley Act of 2002

c. Foreign Corporations Fair Dealing Act

d. Dodd-Frank Act

5.In the Securities Exchange Act of 1934, __________ prohibits trading by any person who acts in a way so as to defraud others in the sale or purchase of a security.

a. Section 404

b. Rule 10b-5

c. the Consumer Finance Protection Bureau anti-fraud provision

d. Rule 77 as amended in 1988