Rule 102, Integrity and Objectivity, of the AICPA Professional Code of Conduct, does not apply to a CPA who is a corporate CFO. Question 16 options: True False

Question 50 Which of the following is an example of an "other member" according to the Code? An unemployed member Anon-member A member who is both in business and in public practice A nonmember CPA candidate None of the above

Indicate the alternative that best completes the following sentence: Upon obtaining factual documentation of unethical business conduct by the vice president, to whom the chief audit executive (CAE) reports, the CAE should do the following: Oa. Report the facts to the chief executive officer and the audit committee. Ob. Conduct an investigation to determine the extent of the vice president's involvement in the unethical acts. O c. Schedule an audit of the business function involved. d. Confront the vice president with the facts before proceeding with the investigation.

Which of the following statements are correct regarding Sarbanes- Oxley (SOX) and Dodd-Frank (DF)? I. DF requires that public firms offer an advisory vote to shareholders on top executive compensation. II. SOX imposes criminal penalties on the CEO and CFO for fraud or for retaliation on whistle blowers. III. The compliance costs for SOX can be substantial and have encouraged some firms to "go dark." IV. DF requires companies to disclose whether directors and officers are permitted to hold put options which protect their ownership position in the firm. O I and II only O I and III only O II and III only O I, II, and III only O I, II, III, and IV