Pursuant to the Bank Secrecy Act (BSA) of 1970, the U.S. Treasury Department requires financial institutions to have a written BSA-compliance program that designates a compliance officer(s). Which of the following does not apply to the compliance officer(s)? Select one: O O a. The compliance officer(s) should train the board of directors about the compliance program. b. The compliance officer(s) should conduct regular and ad hoc audits of the compliance program. c. The compliance officer(s) should conduct day-to-day monitoring of the compliance program. d. The compliance officer(s) should develop and refine the compliance program. O One of the five components of internal control identified by the Committee of Sponsoring Organizations (COSO) isMonitoring. Who is ultimately not responsible for monitoring the quality of a control environment over time? Select one: O a. Company lawyer. b. External auditor. O c. Internal auditor. d. Company Management. Which of the following is not a true statement concerning management's responsibility for fraud prevention? Select one: a. The corporate sentencing guidelines provide no penalties for companies that fail to take voluntary action to redress apparent fraud by management. b. The legal doctrine of accountability suggests that if the management aware of recurring fraud, it has the obligation to halt and prevent the fraud from recurring. c. The Racketeer Influenced and Corrupt Organization Act of 1970 (RICO) makes it illegal for corrupt management to engage in a pattern of racketeering activity in a legitimate business. O d. The Private Litigation Securities Reform Act of 1955 holds the management legally liable for not responding to indication of fraud