Fraud (overstock.com 2.11)
Quiz by Niranjan Mallik
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10 questions
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- Q1Who was the first auditor of Overstock.com ?Ernst & YoungGrant ThorntonPriceWaterCoopers (PWC)KPMG30s
- Q2What is key focus of the SEC inquiry regarding Overstock.com?Accounting treatment applied to the $785,000 over-paymentUnreviewed 10-QNone of theseRevenue Reconciliation30s
- Q3Is Patrick Byrne still the CEO of Overstock.com?YESNO30s
- Q4Who became the auditor of Overstock.com after PwC?DeloitteKPMGGrant ThorntonErnst & Young30s
- Q5Did Overstock.com file its 10-Q with SEC without it being reviewed by a independent audit firm?YesNo30s
- Q6The bursting of the " Dot.com bubble" in 2000 was the trigger that fueled the rapid growth of the company.TrueFalse30s
- Q7By 2008, the company had still yet to report a profit for a full fiscal year.FalseTrue30s
- Q8Did the SEC comment publicly on the deficient 10-Q which was filed in 2009 ?NoYes30s
- Q9In what year did the Securities and Exchange Commission ( SEC) begin requiring public companies to have their quarterly financial statement " reviewed" by their independent auditors ?199120012003200030s
- Q10How much did the company raise with it initial public offering (IPO)?$40 Million$39 Million$42 Million$7 Million30s