Question

Match each of the numbered descriptions 1 through 9 with the term or phrase it best reflects. Indicate your answer by writing the letter A through I for the term or phrase in the blank provided. A. Ethics B. Ethical path C. Fraud triangle D. Prevention E. Internal controls F. Sarbanes-Oxley Act G. Audit H. Dodd-Frank Act I. Clawback

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.

Short answer

Ethics are moral philosophy. The matching is done with appropriate terms or phrases.

Step-by-step solution

Definition of Ethics

Ethics are defined as the moral principles and rules which help in distinguishing between good and bad present in the world.

Step 2:Matching with terms or phrases

S. No	Term or Phrase
1.	I. Clawback
2.	H. Dodd-Frank Act
3.	G. Audit
4.	F. Sarbanes-Oxley Act
5.	E. Internal Control
6.	D. Prevention
7.	C. Fraud Triangle
8.	B. Ethical Path
9.	A. Ethics