12) Yakov is an executive of Fit Corp., a chain of fitness clubs. For years, he successfully illegal and misleading accounting practices, but eventually, he was exposed and punished with a jail sentence under the A) Celler-Kefauver B) Glass-Steagall C) Dodd-Frank D) Gramm-Leach-Bliley E) Sarbanes-Oxley Act.

21)Granny Apples has worked for Bubba Inc. for 20 years without taking a vacation. An internal control feature that would address this situation would be   a)human resource controls.       b)physical controls.  c)documentation procedures.   d)establishment of responsibility.   25)Receivables are a)always the result of revenue recognition. b)shown on the income statement. c)one of the most liquid assets and thus are always considered  current assets. d)claims that are expected to be collected in cash.   28)Which of the following expressions is incorrect? a)Net income + Operating expenses = Gross profit b)Gross profit - Operating expenses = Net income c)Operating expenses - Cost of goods sold = Gross profit d)Sales revenue - Cost of goods sold - Operating expenses = Net income

Gordon & Moore, CPAS, were the auditors of Fox & Company, a brokerage firm. Gordon & Moore examined and reported on the financial statements of Fox, which were filed with the Securities and Exchange Commission. Several of Fox's customers were swindled by a fraudulent scheme perpetrated by two key officers of the company. The facts establish that Gordon & Moore were negligent, but not reckless or grossly negligent, in the conduct of the audit, and neither participated in the fraudulent scheme nor knew of Its existence. The customers are suing Gordon & Moore under the antifraud provisions of Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 for alding and abetting the fraudulent scheme of the officers. The customers' sult for fraud is predicated exclusively on the negligence of the auditors in falling to conduct a proper audit, thereby failing to discover the fraudulent scheme. Required: Answer the following, setting forth reasons for any conclusions stated. a. What is…

SOX, whistleblower awards is apparently wrong. Which else could be the right answer?