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Match each of the numbered descriptions 1 through 9 with the term or phrase it best reflects. Indicate your answers by writing the letter A through H for the term or phrase in the blank provided.
B. Ethical path
C. Fraud triangle
E. Internal controls
F. Sarbanes-Oxley Act
H. Dodd-Frank Act
_____1. Recovery of excess incentive compensation.
_____2. Promotes accountability and transparency, and protects consumers from abusive financial services.
_____3. Examines whether financial statements are prepared using GAAP; it does not ensure absolute accuracy of the statements.
_____4. Requires documentation and verification of internal controls and increases emphasis on internal control effectiveness.
_____5. Procedures set up to protect company property and equipment, ensure reliable accounting, promote efficiency, and encourage adherence to policies.
_____6. A less expensive and more effective means to stop fraud.
_____7. Three factors must exist for a person to commit fraud: opportunity,pressure, and rationalization.
_____8. Course of action that avoids casting doubt on one's decisions.
_____9. Beliefs that distinguish right from wrong.