PCAOB
The PCAOB inspects and regulates this type of firm
What are Public Accounting Firms
SOX was created largely in response to scandals in this decade
What are the early 2000s
The Tyco scandal primarily damaged this intangible corporate asset
What is reputation / investor trust
The Tingo Group overstated this thing
What is revenue and financial performance
This ethical principle requires accountants to be honest and not mislead users of financial statements
What is Integrity
The PCAOB has authority to discipline firms through this process
What are Sanctions
SOX increased penalties for destroying audit workpapers under this section
Section 802
Kozlowski and Swartz received this type of legal punishment
What is imprisonment
Tingo's fraud was exposed by
What is an external analyst
This accounting principle requires expenses to be recorded in the same period as the revenues they help generate
What is the matching principle
PCAOB inspections focus on whether audits comply with these
What are PCAOB auditing standards
This SOX section requires management and auditors to report on internal controls
Section 404
A key audit concern in Tyco was failure to properly disclose executive ________
What is compensation
This is the largest organ in the human body
What is the skin
The PCAOB was created by this law
What is the Sarbanes-Oxley Act
SOX requires executives to certify financial statements under this section
What is Section 302
A key ethical issue in Tyco was management overriding this system
What are internal controls
This is the hardest natural substance on Earth
What is a Diamond
The PCAOB helps prevent fraud by increasing this level of oversight over auditors
What is regulatory Oversight
SOX improved transparency in executive pay after scandals like Tyco by requiring better ________
What is disclosure
Although it faced massive fraud allegations, Tyco did not do this
What is go bankrupt
This type of threat occurs when an auditor is too concerned about losing a client
What is a self-interest threat