Author Question: In 2007, the Securities and Exchange Commission (SEC) began to allow foreign companies to use which ... (Read 28 times)

darbym82 · **on:** Jun 24, 2018

In 2007, the Securities and Exchange Commission (SEC) began to allow foreign companies to use which of the following for its reporting standards?
A) SOX
B) GAAP
C) GAAS
D) IFRS

Question 2

Clint is auditing MegaCorp In reviewing the sales ledger, Clint saw that MegaCorp had sold 3,000 disk drives to CompSales, Inc Clint reviewed the original invoice of this sale to ensure that the date, price, quantity, and customer's name all match. He then verified each step along the paper trail until the disk drives left the warehouse. This illustrates
A) tracing.
B) vouching.
C) following.
D) monitoring.