This governing body was created in 1973 and its purpose is to create financial reporting standards for non-governmental entities (GAAP).
What is the FASB (Financial Accounting Standards Board)
100
This accounting firm went out of business in 2002 leaving nearly 85,000 employees high and dry as a result of two major scandals.
What is Arthur Anderson?
100
Sarbanes Oxley shares a nickname with this Major League Baseball Team (Team & Nickname)
Who are the Chicago White Sox or Boston Red Sox (SOX)
100
This 7-letter word describes the activities of Enron and World-Com.
What is Scandal?
100
In the supreme court cases involving Arthur Anderson, the court ruled that the Accounting Firm was this.
What is Not-Guilty?
200
This governing body controls the financial reporting standard setting process in many countries outside the United States.
What is the IASB (International Accounting Standards Board)
200
This man was the CEO of Enron during its collapse in 2001.
Who is Jeff Skilling?
200
Sarbanes Oxley was passed in this calendar year.
What is 2002?
200
This 3-letter answer is a governing body formed in 1934.
What is the SEC?
200
Initially the AAPA did not require this certification.
What is the CPA license.
300
This governing body was founded in 1887, and is the worlds largest member association representing the accounting profession.
What is the AICPA (American Institute of Certified Public Accountants)
300
The CEO of this company was sentenced to 25 years in prison, and at the time, the downfall of this company was the largest bankruptcy in U.S. History.
What is WorldCom?
300
Title I of Sarbanes-Oxley created this governing body.
What is the PCAOB (Public Company Accounting Oversight Board)?
300
Early accountants were banned from doing this activity because it was ruled to be unprofessional, and was then re-allowed in 1978 by the AICPA (13 letters).
What is Self-Promotion
300
This process was sanctioned by the AICPA in 1977, and was made mandatory in 1987.
What are peer reviews?
400
This group is actually a non-profit corporation established by congress, and its purpose is to protect investors and the public interest.
What is the PCAOB (Public Company Accounting Oversight Board)
400
The Enron scandal gave rise to this piece of legislation
What is Sarbanes-Oxley?
400
Sarbanes Oxley mandates that there are this many members on the PCAOB board (Including the chair), who serve for this long (give us the number of members and length of term).
What is 5?
400
These acts required independent accountants to certify financial statements of public companies, and also provided for the organization of the SEC (10 letters).
What are the securities (acts of 33 & 34)?
400
This person is a member of the Government Finance Officers Association (GFOA) where he served for over 20 years on the Special Review Committee for the GFOA Certificate of Achievement for Excellence in Financial Reporting. He has also had a big impact on the Audit Profession.
Who is Mark Stevens?
500
Before the AICPA was known by the name it is today, it was formerly known as one of these names.
What is the AAPA (American Association of Public Accountants) or AIA (American Institute of Accountants)
500
Due to inventory fraud in this pharmaceutical company, auditors are now required to physically test inventories under their observation.
What is McKesson & Robbins
500
There are this many titles within the Sarbanes Oxley legislation.
What is 11.
500
This man's first name is Paul. He is a democrat and former senator (8 letters).
Who is Sarbanes?
500
These 3 of the current big 4 accounting firms can trace their origins to the British and the British Institute of Accountants.