Accy305 Presentation Quiz

What methodology does the article follow?

• Literature Review

• Case Study

• Research Paper

What approach to regulatory compliance does the US follow?

• Compliance Approach

• Deterrence Approach

What is the Public Interest Theory?

• Interest groups compete with each other to set regulations

• Regulation is based on the demands of society

• Regulators are influenced by producers who give them money and votes.

• Political institutions create regulations, not individual people.

When regulation substitutes theory, it is known as:

• Theory Failure

• Market Failure

Accounting frauds occur when:

• Costs of Disobedience> Benefits of Disobedience

• Benefits of Disobedience> Costs of Disobedience

Which regulation was established after the Enron scandal occurred?

• GAAP

• IFRS

• Conceptual Framework

• Sarbanes-Oxley Act