2. A person who has been arrested for committing fraud has repaid the victims fo

Question

2. A person who has been arrested for committing fraud has repaid the victims for all losses they incurred. This is the person’s first offense. What type of action would you predict the prosecutor will bring against this person?        Indictment
       Diversion
       Information
       Complaint 3. Who is the plaintiff in a criminal case?        The government
       The victim of the crime      
       The arresting officer
       The fraud investigator 4. In a civil action, the plaintiff’s attorney and the defendant’s attorney meet to settle the case. Which type of negotiated settlement may result from this meeting?        Out of court settlement
       Arbitration
       Plea agreement
       Indictment 5. After opening arguments, the defendant’s attorney asks the judge to decide the case without presentation to the jury. What is this motion called?        Motion to make case definite
       Motion for continuance
       Motion for dismissal
       Motion for summary judgment 6. Which standard below must be followed by law enforcement when making an arrest or conducting a search?        Certain cause
       Reasonable suspicion
       Probable cause
       Fourth Amendment clause 7. What is the first step in the discovery process?        Produce documents
       Perform interrogatories
       Admit evidence to case
       Take depositions 8. How often must an audit firm rotate the lead auditor of a public company?        Every six months
       Every other year
       Every five years
       Every ten years 9. Auditor responsibility for taking due professional care and exercising professional skepticism requires basing decisions on which of the following?        Management representations
       Evidence
       Auditor assumptions
       Auditor suspicion 10. Which of the following is a requirement of SAS No. 99?        Make inquiries of management
       Conduct surprise audits
       Rotation of lead auditor
       Detect fraud in financial statements 11. Which organization is responsible for oversight of public company audits?        SEC
       PCAOB
       AICPA
       FASB 12. What topic is covered in Section 404 of the SOX Act?        The fraud triangle
       Management certifications
       Audit committee requirements
       Internal controls 13. Which area of accounting poses the biggest problem for accounting regulators?        Management estimates
       Timing discrepancies
       Revenue recognition
       Depreciation 14. What is the topic of Section 302 of SOX?        Audit requirements
       Officer certifications
       Insider trading
       Penalties 15. Who is responsible for appointing and overseeing the work of public company auditors?        The audit committee
       Management
       The internal auditors
       The AICPA 2. A person who has been arrested for committing fraud has repaid the victims for all losses they incurred. This is the person’s first offense. What type of action would you predict the prosecutor will bring against this person?        Indictment
       Diversion
       Information
       Complaint

Explanation / Answer

       Audit requirements
       Officer certifications
       Insider trading
       Penalties

       The audit committee
       Management
       The internal auditors
       The AICPA

       Management estimates
       Timing discrepancies
       Revenue recognition
       Depreciation

14. What is the topic of Section 302 of SOX?

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.