Chapter 1 TEST QUESTIONS AND SOLUTIONS
Question # 00038582
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Updated on: 12/24/2014 04:02 PM Due on: 01/23/2015
7. According to the textbook "Internal auditors have become the 'rock stars' of the accounting industry." Explain what this means.
8. How did the Sarbanes-Oxley Act of 2002 change the regulatory model for auditors?
9. Explain how Congress addressed the issue of auditor independence in the Sarbanes-Oxley Act of 2002.
10. What regulations were included as part of the Sarbanes-Oxley Act of 2002 that should encourage CEOs and CFOs to act ethically?
11. Explain what types of information can be learned from the management discussion and analysis about liquidity? capital resources? operations?
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Solution: Chapter 1 TEST QUESTIONS AND SOLUTIONS