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One result of earnings management is: Multiple Choice It brings into question the quality of earnings O It uses a non-GAAP financial measure to manipulate earnings EBITDA does not reflect GAAP earnings O It improves shareholder returns over time The main accounting issues in the Nortel Networks case were: Multiple Choice O Premature revenue recognition and hidden cash reserves Capitalization of operating expenses and hidden cash reserves Premature revenue recognition and off-balance-sheet entities Capitalization of operating expenses and off-balance sheet entities The SEC's complaint in its case against Allergan included a charge that the company: Multiple Choice Used off-balance sheet entities to manipulate earnings Falsified inventory values to inflate earnings O Used non-GAAP measures to meet EPS estimates Used EBITDA to obscure reported earnings Which of the following is NOT required of management under Section 302 of the SOX? Multiple Choice Review their disclosure controls and procedures quarterly O Identify key control exceptions and determine which are internal control dellclencles Assess each internal control deficiency's impact on the audit report Identify and report significant control deficiencies on material weaknesses to the audit committee and independent auditor

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