Juanita sets limits on how much her employees use work computers for personal business. However, she does not completely ban personal use. She is following which ethical principle?
A. the golden mean
B. the golden rule
C. what is right for one is right for all
D. the difference principle
A. the golden mean
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Indicate whether the statement is true or false
Craig Marks, CPA performs an audit of Treasure, Inc, which keeps its financial statements on the tax basis of accounting. Craig is aware of this fact and audits the financial statements on the criteria of the tax basis. What type of engagement is this?
a. This engagement is not permitted by the AICPA. b. This engagement is an audit that will result in the issuance of a special report. c. This engagement is a compilation. d. This engagement is only performed by tax accountants who do not provide attest services.
The term “present magnitudes” refers to:
a. conditions known at the time of an event. b. conditions known only at a later date. c. events that will significantly affect the financial statements. d. none of the above.
Undercover operations:
a. are illegal, unless conducted by law enforcement. b. may be used as fishing expeditions to obtain more information about possible fraud schemes. c. are most often used for small-scale frauds or crimes. d. All of the choices are true of undercover operations. e. None of the choices are true of undercover operations.