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Question 11 Homework Unanswered A public company that is traded on a major U.S. stock exchange A must have an audit prepared once a year by an independent auditor refers to a company that is owned at least partially by the government O must have their managerial statemeats audited at least annually by an independent auditor. C C D may elect have their annual audit peepared by the company's internal audit staf. O None of the abover Unanswered 2 attempts left Subut Unanswered 2 attempts left Question 12 Homework Unanswered Sarbanes-Oxley requires a second partner to review and approve audit reports A established the Public Company Accounting Oversight Board (PCAOB). B C increased senior management's responsibility for published financial statements. D required that an audit of internal controls be conducted. accomiplished all of the above. E Question 13 Homework Unanswered Which of the following is NOT true regarding the audit committee? A Its main purpose is to report any misdeeds within the company to the United Nations. Its members cannot be employees of the company. B Its function was strengthened by Sarbanes-Oxley. D The internal auditor reports to the audit committee. One of more members must have financial expertise. E O C

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