Lost in the BEC world again
CPA Exam Forum › I PASSED! HIYA!!! › Ethics Exam, CPA Certificates, Work Experience & Licensure › Lost in the BEC world again
May 12, 2011 at 12:32 am #160267
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.May 12, 2011 at 1:28 am #281902
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.May 12, 2011 at 2:25 am #281903
@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…May 12, 2011 at 2:33 am #281904
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?May 12, 2011 at 3:20 am #281905
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.May 12, 2011 at 1:16 pm #281906
@ MercyGrace Where the questions similar to the becker questions?May 12, 2011 at 4:23 pm #281907
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 yearMay 12, 2011 at 5:30 pm #281908
@ 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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