D the employee must first report wrongdoing to the

D) The employee must first report wrongdoing to the external auditor before going public.

Answer: C
60) Research by Miceli and Near indicates that:
A
61) What is the significance of the Menendez v Halliburton, Inc. ?
C
62) With respect to whistleblowing, the Sarbanes-Oxley Act:
A
63) The SEC has increased focus on identifying and penalizing misstatements in public company
financials. What is one method that the SEC is using to identify companies, CEOs, and CFOs
that are misstating financial statements?
A) Utilizing the whistleblower provisions of the Dodd-Frank Act to provide a hot line.
B) Analyzing patterns of internal control problems even absent a restatement of the financials.
C) Analyzing whether the CFO has implemented adequate internal controls and safeguards over
the financial reporting function.
D) Utilizing the company's ethics code to spot misstatements.
Answer: B
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64) The reporting requirements for fraud are detailed in Section 10A of the Securities Exchange
Act of 1934. Which of the following steps are NOT part of a prescribed process that should be
followed in deciding whether to report fraud?
A
65) The 2010 Dodd-Frank Act includes additional incentives for whistleblowers. What is the
act's effect on whistleblowing by accountants?
D
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