D774 - Section 1 with correct
resolutions.
, Securities and Exchange Commission (SEC) - correct ans:Gov organization
created as result of Stock Market Crash of 1929 and the resulting Great
Depression
Sarbanes-Oxley Act of 2002 - correct ans:requires corporate execs to
implement risk managment procedures, est and maintain internal controls,
requires both mgmt and external auditors to certify adequacy of company's
internal controls
Securities Act of 1933 - correct ans:Ensure investors have financial and other
critical information about securities that are being issued to the public for the
first time. Requires companies to disclose info such as assets, financial
health, who board members and sr. execs are
Securities Act of 1934 - correct ans:Created Securities and Exchange
Commission and authorized SEC to govern secondary markets and the
trading of corporate securities sold in the US
Sarbanes-Oxley Act of 2002 - correct ans:Mandate strict reforms to improve
financial disclosures, prevent fraudulent financial practices, ensures every
company's board of directors has a financial expert as a board member
Dodd-Frank Act - correct ans:Passed in 2008. Improve financial market
stability and curb risky financial industry activitie (risky mortgages)
Financial Accounting Standards Board (FASB) - correct ans:The primary
accounting standard-setting body in the United States.
Generally Accepted Accounting Principles (GAAP) - correct ans:Authoritative
guidelines that define accounting practice at a particular time in the United
States.
resolutions.
, Securities and Exchange Commission (SEC) - correct ans:Gov organization
created as result of Stock Market Crash of 1929 and the resulting Great
Depression
Sarbanes-Oxley Act of 2002 - correct ans:requires corporate execs to
implement risk managment procedures, est and maintain internal controls,
requires both mgmt and external auditors to certify adequacy of company's
internal controls
Securities Act of 1933 - correct ans:Ensure investors have financial and other
critical information about securities that are being issued to the public for the
first time. Requires companies to disclose info such as assets, financial
health, who board members and sr. execs are
Securities Act of 1934 - correct ans:Created Securities and Exchange
Commission and authorized SEC to govern secondary markets and the
trading of corporate securities sold in the US
Sarbanes-Oxley Act of 2002 - correct ans:Mandate strict reforms to improve
financial disclosures, prevent fraudulent financial practices, ensures every
company's board of directors has a financial expert as a board member
Dodd-Frank Act - correct ans:Passed in 2008. Improve financial market
stability and curb risky financial industry activitie (risky mortgages)
Financial Accounting Standards Board (FASB) - correct ans:The primary
accounting standard-setting body in the United States.
Generally Accepted Accounting Principles (GAAP) - correct ans:Authoritative
guidelines that define accounting practice at a particular time in the United
States.
