QUESTION 16

1. The requirement to maintain adequate books and records in The Foreign Corrupt Practices Act of 1977 applies only to companies required to file periodic reports under the 1934 Act.

   True

   False

2 points

QUESTION 17

1. Risk management and monitoring are both elements of internal control.

   True

   False

2 points

QUESTION 18

1. Regulations S-X and/or S-K require the dollar amount of certain compensated balances to be presented on the balance sheet.

   True

   False

2 points

QUESTION 19

1. Management must include in every Form 10-K a report stating whether the company's internal control over financial reporting is effective.

   True

   False

2 points

QUESTION 20

1. Financial statements of publicly held companies are required to include either earnings per share or cash flow per share amounts.

   True

   False