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CTP · Question #819
(Topic 9) An accountant is fired after reporting to the SEC that she witnessed the CFO inappropriately reduce expenses ahead of the quarterly earnings announcement. Which of the following would apply?
The correct answer is A. The accountant is protected by 'whistle-blower' laws. See the full explanation below for the reasoning.
Question
- (Topic 9)
An accountant is fired after reporting to the SEC that she witnessed the CFO inappropriately reduce expenses ahead of the quarterly earnings announcement. Which of the following would apply?
Options
- AThe accountant is protected by 'whistle-blower' laws.
- BThe CFO is liable for Bank Secrecy Act reporting.
- CThe accountant is in violation of Section 404 of the Sarbanes-Oxley Act.
- DThe CFO is protected by the code of ethics.
How the community answered
(53 responses)- A77% (41)
- B4% (2)
- C6% (3)
- D13% (7)
Community Discussion
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