CIMA Related Exams
BA4 Exam
Which of the following is CORRECT in relation to the Sarbanes-Oxley Act passed in the United States of America in 2002?
i. The Act sought to protect investors by improving the accuracy of corporate disclosure and reporting procedures and increasing corporate openness.
ii. The Sarbanes-Oxley Act 2002 was passed in response to the high-profile Enron and WorldCom financial scandals.
iii. The Act provides that all auditors of public companies must register with the Public Company Accounting Oversight Board.
Self regulation is based upon:
Adam, Brian, Charles and David each held 25% of the issued share capital of ABCD Ltd. Adam has recently issued further shares to himself in order to increase his voting power. Which of the following is incorrect?