Which of the following statements are TRUE? a. Management must certify that each report filed with the SEC does not contain untrue statements or omitted facts. b. Accounting staff prepare the detailed financial reports, and bear professional responsibility for the accuracy of the information. C. Directors are information intermediaries that analyze and summarize important financial information for investors and provide Investment advice. d. By hiring an external auditor to verify the fairness of the financial statements and related disclosures, the CEO and CFO are no longer legally responsible for these reports. e. Two of the above are true f. Three of the above are true g. All of the above are true Which of the following pieces of legislation was passed in response to large-scale corporate accounting auds (e.g. Enron and WorldCom), enhances corporate responsibility an financial disclosure, and created the PCAOB to oversee the activities of the auditing profession? A. Sarbanes-Oxley Act of 2002 B. Regulation Fair Disclosure C. Securities Act of 1933 D. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 E. Securities Act of 1934 a. Why do financial statement users rely on ratios when performing financial statement analysis? Ratios help users of the financial statements compare the performance and financial health of companies of different sizes b. Ratios help users of the financial statements compare the performance and financial health of a company to itself over time C. Both A and B d. Neither A or B