OMGT 4313 Law and Ethics Quiz 3
The Electronic Communications Privacy Act forbids the intentional interception of
electronic communications. Which of the following is an exception to the ECPA? -
ANS-Employers may intercept employee's business communications on employer
issued electronic devices.
May a state have a law requiring that a business disclose a breach of personal
information data? - ANS-Yes, for example, Arkansas has a law titled the Personal
Information Protection Act.
The Digital Millennium Copyright Act makes it illegal to ___________________. -
ANS-circumvent encryption or other antipiracy technology
Posts on which social media sites may be admitted as evidence at trial? - ANS-All of
these
Who holds (and therefore may waive) the privilege of confidentiality of attorney-client
communications? - ANS-the client only
The Sarbanes-Oxley Act requires accountants to maintain "working papers" (documents
used and developed for an audit) for _______ years. - ANS-seven
Some states recognize a privilege of confidentiality of communication between an
accountant and client. What is the federal law of accountant-client communication? -
ANS-Accountants must disclose accountant-client information in federal law cases
because federal law does not recognize a privilege for accountant-client
communications.
Section 18 of the Securities Exchange Act of 1934 provides that an accountant may be
liable for fraud. Which of the following is a defense an accountant may assert in this
type of case? - ANS-The accountant acted in good faith (did not know of the falsity and
had no intent to deceive, manipulate, defraud, or seek unfair advantage over another
party).
The U.S. Securities and Exchange Commission regulates: - ANS-what information must
be disclosed related to the sale of corporate stock
The Electronic Communications Privacy Act forbids the intentional interception of
electronic communications. Which of the following is an exception to the ECPA? -
ANS-Employers may intercept employee's business communications on employer
issued electronic devices.
May a state have a law requiring that a business disclose a breach of personal
information data? - ANS-Yes, for example, Arkansas has a law titled the Personal
Information Protection Act.
The Digital Millennium Copyright Act makes it illegal to ___________________. -
ANS-circumvent encryption or other antipiracy technology
Posts on which social media sites may be admitted as evidence at trial? - ANS-All of
these
Who holds (and therefore may waive) the privilege of confidentiality of attorney-client
communications? - ANS-the client only
The Sarbanes-Oxley Act requires accountants to maintain "working papers" (documents
used and developed for an audit) for _______ years. - ANS-seven
Some states recognize a privilege of confidentiality of communication between an
accountant and client. What is the federal law of accountant-client communication? -
ANS-Accountants must disclose accountant-client information in federal law cases
because federal law does not recognize a privilege for accountant-client
communications.
Section 18 of the Securities Exchange Act of 1934 provides that an accountant may be
liable for fraud. Which of the following is a defense an accountant may assert in this
type of case? - ANS-The accountant acted in good faith (did not know of the falsity and
had no intent to deceive, manipulate, defraud, or seek unfair advantage over another
party).
The U.S. Securities and Exchange Commission regulates: - ANS-what information must
be disclosed related to the sale of corporate stock
