Please answer the following questions.

1.Penalties on accountants for wrongdoing in the preparation of tax returns are imposed by the

a. Internal Revenue Code.

b. Federal Bureau of Investigation.

c. Sarbanes-Oxley Act.

d. GAAP.

2.Under SOX, accountants for public companies must keep all audit work papers for at least

a. two years.

b. five years.

c. seven years.

d. ten years.

3.Which of the following is NOT a provision of the Sarbanes-Oxley Act of 2002?

a. Congress established the Public Company Accounting Oversight Board, which has the authority to regulate public accounting firms, establishing audit rules and ethics guidelines.

b. After five years with a client, the lead audit partner must rotate off the account for at least five years.

c. Congress established the American Institute of Certified Public Accountants to develop ethical guidelines in a Code of Professional Conduct.

d. Auditors must communicate regularly and completely with audit committees of their clients and must describe options the firm considers in preparing financial statements.

4.Which of the following cases concerned a trade secret?

a. Association for Molecular Pathology v. Myriad Genetics, Inc.

b. Bikram's Yoga College of India, L.P. v. Evolation Yoga, LLC

c. AMF Inc. v. Sleekcraft Boats

d. CDM Media USA, Inc. v. Simms

5.Which is NOT a provision of the Digital Millennium Copyright Act?

a. It is illegal to delete copyright information or distribute false copyright information.

b. It is illegal to use copyrighted material under any circumstances without permission of the creator.

c. It is illegal to circumvent encryption or scrambling technologies that protect copyrighted works.

d It is illegal to distribute tools and technologies designed to circumvent encryption devices.