Among the Dodd-Frank Wall Street Reform and Consumer Protection Act's requirements is one requiring:

Question

Quizplus · Accepted Answer

The Dodd-Frank Act requires that broker-dealers undergo yearly examinations to ensure that they have adequate internal controls over compliance. These examinations must be conducted by a registered public accounting firm.

Answer: B
 Another requirement of the Dodd-Frank Act is that all SEC registrants must submit quarterly reports on their financial performance, including detailed information on their assets, cash flow, and income.

Answer: C
 The Act also mandates that all SEC registrants have their interim financial statements audited by an independent public accounting firm. This requirement is intended to ensure that investors have access to accurate and reliable financial information.

Answer: D
 The Dodd-Frank Act does not specifically mandate penalties for companies that implement more than one questionable act reporting channel. However, the Act does include provisions that are intended to increase transparency and accountability in the financial industry, and to encourage individuals to report illegal or unethical behavior.