2015年美国CPA考试《审计与签证》知识点（四）

　　为了帮助参加2015年美国CPA考试的学员巩固知识，提高备考效果，网校论坛学员为大家分享了美国CPA考试知识点，希望帮助广大考生一起学习一起进步。

　　Board of Directors

　　·Declaration of Distributions

　　·Fiduciary Duties

　　-Right to Pay

　　-Liability for Unlawful Distributions/Dividends

　　-Duty of Loyalty

　　-Corporate Opportunity Doctrine

　　·Indemnification

　　-Generally…except in a shareholder derivative suit

　　（股东派生诉讼）

　　-D&O insurance

　　Officers

　　·Selection and Removal

　　·Authority（Actual / Apparent）

　　·Fiduciary Duties and Indemnification

　　·May also Serve as Directors

　　¨Good corporate governance-majority of the board should be independent

　　·Not required to be Shareholders

　　Sarbanes-Oxley Act 2002

　　·Regulation includes：

　　-Title I/Title II/Title III/Title IV/Title VIII

　　BEC only covers

　　-Corporate Responsibility（Title III）

　　-Enhanced Financial Disclosures（Title IV）

　　-Fraud（Title VIII）

　　Originally only for public companies，then become best practices for all companies

　　Sarbanes-Oxley Act 2002

　　·Background for Sarbanes-Oxley Act 2002

　　·Caused by a series of frauds and scandals：

　　Enron，Tyco，WorldCom，etc

　　-Named after Senator Sarbanes and Rep.Oxley

　　-Enacted on July 30，2002

　　-11 titles for the Act

　　·Corporate Responsibility（Title III）

　　·Enhanced Financial Disclosures（Title IV）

　　·Fraud（Title VIII）