Which ONE of the following statements is correct?
Which of the following is CORRECT in relation to the Sarbanes-Oxley Act passed in the United States of America in 2002?
i. The Act sought to protect investors by improving the accuracy of corporate disclosure and reporting procedures and increasing corporate openness.
ii. The Sarbanes-Oxley Act 2002 was passed in response to the high-profile Enron and WorldCom financial scandals.
iii. The Act provides that all auditors of public companies must register with the Public Company Accounting Oversight Board.
Which of the following statements is correct?
(i) The written statement of particulars of employment is the contract of employment and every employee with one month's service is entitled to receive a copy.
(ii) The written statement of particulars of employment is not the contract of employment.
(iii) The written statement of particulars of employment may be the best evidence of the terms of the contract and every employee with one month's service is entitled to receive a copy.
SuperSole is a large shoe company that sells its products all over the world. It has many factories and stores in many different countries, and its yearly revenues often exceed £100 million. The company is also listen on
the stock exchange.
Should SuperSole have its own internal auditing department?