Lost in the BEC world again

This topic contains 7 replies, has 0 voices, and was last updated by  MercyGrace 5 years, 4 months ago.

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  • #160267

    MercyGrace
    Participant

    I just don’t understand this question from Becker and why the answer is D.

    The Sarbanes Oxely Act of 2002 requires that the financial officers of the corporation be held accountable to the code of ethics. According to the act, codification of ethical standards should include provisions for:

    a) Honest and ethical conduct.

    b) Full, Fair, accurate and timely disclosure in periodic financial statements.

    c) Compliance with laws, rules and regulations.

    d) Prompt internal control of code provisions and accountability for adherence to code.

    #281902

    Harry
    Participant

    There is a typo error in this question according to Becker. It should say ” According to the act, codification of ethical standards should include provisions for all of the following EXCEPT for”:

    And that’s why letter D is correct because financial officers don’t need to do that.

    #281903

    MercyGrace
    Participant

    @harry – Thank you for your quick response. It’s hard enough trying to get these right now I have to fight the typo’s too. Geesh…

    #281904

    Harry
    Participant

    Yeh, you can sign up to receive updates on their website. That’s how I knew about this update. Btw, did you use becker on your prior BEC exam as well?

    #281905

    MercyGrace
    Participant

    Yeah, I used Becker but I was not consistent with studying at all. I’m still struggling some but I’m finally understanding alot more of this as I go along.

    #281906

    Harry
    Participant

    @ MercyGrace Where the questions similar to the becker questions?

    #281907

    rknight21
    Participant

    no bueno. we all struggling to learn this stuff and the resource we are relying on arent all correct..smh. shame on becker…

    anyways word out there is that becker isnt any good for BEC this year

    #281908

    MercyGrace
    Participant

    @ Harry – The Becker questions are much more difficult to me than the exam however, I wish they eased you into the questions so there is a better understanding of the concepts versus blasting us with wordy questions and ratios and ya end up lost.

    @rknight 21 – yeah, that’s what I hear. I suggest supplemental and or another course for BEC.

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