1A. Which of the following is not correct about the Enron scandal? a. Management used a ranking system to evaluate employee performance and fired underperformers b. The company used aggressive accounting tactics related to classification of transactions c. Enrons CPA firm, Arthur Young & Co destroyed documents related to Enrons audit d. Employees engaged in unethical activities in order to save their jobs and improve corporate performance?

B. An unpaid vendor invoice is an example of an asset found on the Balance Sheet. True False

C. Which of the following is not a document that publicly-held company is required to submit to the SEC?

		a. Registration statements for newly-offered securities
		b. Annual shareholder meeting materials
		c. Monthly reports to shareholders
		d. Registration statements for newly-offered securities

D. Which of the following is true regarding Title VII of the Sarbanes-Oxley Act:

		a. This section addresses Analyst Conflicts of Interest
		b. Commissioned studies regarding implications of certain market participants and their impact
		c. CPA firm audit partners are required to periodically rotate out of the audit engagement
		d. Establishes the PCAOB and requires public companies and CPA firms who audit public companies to register