question 27-30

QUESTION 27 What is the goal of the IASB? a. To create a set of accounting rules that Europe and the United States will follow, O b. Tor create a set of accounting rules for countries other than the United States. OC To have worldwide acceptance of a set of international financial reporting standards. O d. To work with the SEC to create a set of accounting rules for publicly held companies. QUESTION 28 Which of the following statements is false? O a. The Sarbanes-Oxdey Act of 2002 was the cause of the demise of Enron. Ob. The FASB and the IASB are working closely to develop a set of accounting rules that would ultimately be used by all publicly traded companies worldwide. O c. The Public Company Accounting Oversight Board is responsible for monitoring auditors of all publicly owned companies Od. The Sarbanes-Oxley Act of 2002 requires the chief executive officer and the chief financial officer of a publicly-traded company to certify the accuracy of the financial statements. QUESTION 29 All of the following are correct for a CFA member or candidate faced with a question regarding the proper course of conduct under Standard 1 (A) Knowledge of the Law, EXCEPT O a. The CFA member or candidate should recognize that the Code and Standards are always applicable O b. The CFA member or candidate cannot violate the Code and Standards even if the conduct is legal O c. The CFA member or candidate must follow the more strict law or regulation. O d. None of the above (.e. all of the responses are correct)