ZuoTi.Pro
Question

Question 7 The USA Patriot Act does not require a financial services provider to establish the identity of a customer opening
Question 9 Most National Banks are examined by the OCC within how many months: 12 to 18 months 20 to 24 months 24 to 28 month
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

7 Ans - False

According to USA PATRIOT Act Section 326 financial institutions are require to conduct written customer identification programs.

8 Ans - True

Public Company Accounting Oversight Board created to provide independent review of public accounting firms involved into audit services.

9 Ans -

12 to 18 Months , No explanation needed as OCC is supposed to examined most public banks within 12 to 18 months.

10 Ans - $250,000

No explanation needed

0 0
Add a comment
Know the answer?
Add Answer to:
Question 7 The USA Patriot Act does not require a financial services provider to establish the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Question 40 0.05 pts Which of the following is a key provision that resulted from the...

    Question 40 0.05 pts Which of the following is a key provision that resulted from the Sarbanes- Oxley Act? O Established an oversight board, the American Institute of Certified Public Accountants (AICPA) O Requires audit committees to be comprised of only members with financial expertise o Implements stronger independence rules for auditors O Requires only the CFO personally certify the financial statements and disclosures are accurate and complete Question 29 0.05 pts The objective of accrual-basis accounting ensure that a...

  • Question 4 is already complete 1. The Act provided for an establishment of the Public Company...

    Question 4 is already complete 1. The Act provided for an establishment of the Public Company Accounting Oversight Board. Please describe the makeup of this committee (names and what they did prior to serving on the board). 2. The bill contains a provision for partner rotation. Please explain the proposed rules. Section 404 of the Act speaks to work required by accountants. Please explain. 3. 4. There are nine (9) specific services that are outside the scope of practice of...

  • Question 1 of 1010.0 Points PCAOB stands for: A. Public Company Accounting Options Board B. Private...

    Question 1 of 1010.0 Points PCAOB stands for: A. Public Company Accounting Options Board B. Private Company Accounting Oversight Board C. Private Company Accounting Options Board D. Public Company Accounting Oversight Board Question 2 of 1010.0 Points Which Section in Sarbanes-Oxley addresses internal control structure? A. 404 B. 504 C. 302 D. 405 Question 3 of 1010.0 Points A public company’s disclosure internal control disclosure requirements in its annual report according to Sarbanes-Oxley Section 404 include which of the following:...

  • Question 6 of 1010.0 Points Which costs have not increased for public companies related to implementation...

    Question 6 of 1010.0 Points Which costs have not increased for public companies related to implementation of Sarbanes-Oxley? A. Accounting staff salaries B. CEO salaries C. Audit costs Question 7 of 10 Which of the following is not one of the four specific responsibilities that PCAOB Auditing Standard No. 2 levies on company management? A. Accept responsibility for the effectiveness of the company’s internal control over financial reporting. B. Evaluate the effectiveness of the company’s internal control over financial reporting...

  • Question 1 10 pts When a bank seeks to expand (new branch, merge with another bank...

    Question 1 10 pts When a bank seeks to expand (new branch, merge with another bank etc.) the following needs to be done before proceeding: obtain regulatory approval decide how many investors to seek seek a permit from the local city government decide who will be the CEO at the new branch Question 2 10 pts One of the reasons for bank regulation is to ensure equal opportunity and fairness in the public's access to credit and other financial services....

  • answear all Question 16 The partnership form of organization Not yet answered Points out of 1...

    answear all Question 16 The partnership form of organization Not yet answered Points out of 1 Flag question Select one: O A. avoids the double taxation of earnings and dividends found in the corporate form of organization. O B. usually provides limited liability to the partners. O c. has unlimited life. O D.simplifies decision making. The Sarbanes-Oxley Act set up the Pub" Company Accounting Oversight Board with the responsibility for all of the following except Question 17 Not yet answered...

  • QUESTION 1 Chapter 1: Enduring beliefs that are socially enforced are known as .... O morals...

    QUESTION 1 Chapter 1: Enduring beliefs that are socially enforced are known as .... O morals O business ethics O principles O values QUESTION 2 Chapter 1: Among industry sectors which score the lowest scores on public trust in the National Business Ethics Survey (NEBS) are: O automotive O telecommunications O banks and financial services O food and beverage QUESTION 3 Chapter 1: Studying business ethics will help you ... Obegin to identify ethical issues when they arise O recognize...

  • 1. Consider the following statements:      I. Financial statements are based on Generally Accepted Auditing Principles....

    1. Consider the following statements:      I. Financial statements are based on Generally Accepted Auditing Principles.     II. Auditing standards issued by the AICPA’s Auditing Standards Board must be followed on all audits         of companies' financial statements in the United States of America.       a. I is true;   II is true       b. I is true;   II is false       c. I is false; II is true       d. I is false; II is false 2. Considering the demand...

  • Write a brief response, 30-90-words, for each question below. 1. In your own words, define “Auditing.”...

    Write a brief response, 30-90-words, for each question below. 1. In your own words, define “Auditing.” 2. Discuss the importance of “Evidence” in auditing. 3. Define “Independence” and “Objectivity” as they relate to auditing. 4. Audits typically consist of three phases: Planning; Fieldwork; Reporting. Describe activities that accompany each phase. 5. Distinguish between Assurance and Attestation Services. 6. Describe the following types of Audits: a. Operational Audits b. Compliance Audits c. Financial Statement Audits d. Informational Technology Audits (may need...

  • TRUE OR FALSE PARTI TRUE OR FALSE QUESTION (20 Points) 1. T F Rent paid in...

    TRUE OR FALSE PARTI TRUE OR FALSE QUESTION (20 Points) 1. T F Rent paid in advance is an expense. 2. T F Posting means transferring information from the ledger to the journal. 3. T F Compound journal entries must have no more than three credits. 4. T F Posting can only be done once a month. 5. T F The trial balance is in the same order as the chart of account. 6. T F If a journal entry...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT