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Someone please help me answer these. I'm trying to practice and want to check my answers. Thank you! The Sarbanes Oxley Act of 2002: a.

Someone please help me answer these. I'm trying to practice and want to check my answers. Thank you! image text in transcribed
The Sarbanes Oxley Act of 2002: a. Was enacted to restore confidence and trust in the financial reporting of companies after a series of financial scandals. b. Removed NIFO as an acceptable inventory cost valuation technique. c. Was repealed and No longer applies. d. Reduced Internal Control requirements in publicly traded companies. Which of the following wouldNOT violate the confidentiality an EMPLOYER would reasonably expect from EMPLOYEE? a. A Payroll clerk decides on their own that it would be best if everyone in the company knew what everyone else's salary rate was and issues an email to all employees of the company. b. The company's Purchasing Manager reveals the details of other vendors' bids to another vendor in exchange for World Series tickets. c. An Accounts Receivable clerk informs the Accounting Manager that the Cash Receipts clerk was noticed pocketing customer payments. d. An Accounts Receivable clerk informs the local newspapers that the Cash Receipts clerk was noticed pocketing customer payments. Which of the following are "warning signs" with regard to people and a potential problem with the company's Internal Controls and a safe working environment: a. Abrupt changes in lifestyle (without winning the lottery). b. Frequent borrowing from other employees c. Excessive use of alcohol or drugs d. All of the above

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