6- 'Setting an appropriate risk level for the company' is the responsibility of A- The financial officer B- Board of directors C- The management D- CEOS 7- In the U.S, shortcomings in corporate governance that led to the failure of Enron and WorldCom led to: A- The issuance of Sarbanes Oxley act B- Global financial crises C- A and B D- None of the above 8- Sarbanes Oxley act was issued in: A- 2000 B- 2001 C- 2002 D- 2003 9- IFRS 13 provides a definition of 'fair value' in which the fair value of an asset is: A-The replacement cost B-The selling Price C- The average of replacement cost and selling price D- None of the above 10- According to IFRS 13, fair value is: A- Historical cost B- Entry price C- Exit price D- None of the above