Scienter means a defendant knew false information was being passed to another party
a. True
b. False
Indicate whether the statement is true or false
True
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The Responsibilities section of the Principles Underlying an Audit Conducted in Accordance with GAAS is concerned with:
A. whether the auditor has unrestricted access to those within the entity from whom the auditor needs to obtain audit evidence. B. complying with ethical requirement, appropriate competence and maintaining professional skepticism. C. an audit opinion in accordance with the auditor's findings, whether the financials are presented fairly, and whether the financial are in accordance with the applicable financial reporting framework. D. proper planning and supervision, appropriate materiality levels, and sufficient appropriate audit evidence.
Which of the following is true of the right to disaffirm?
A. If there was no reason to know of the other party's lack of capacity, the contract can be disaffirmed without placing him or her in status quo. B. People lacking mental capacity cannot disaffirm their contracts. C. If the plaintiff knew or should have known of the other party's incapacity, the person lacking such capacity is not allowed to disaffirm without restoring the status quo. D. On disaffirmance, people lacking mental capacity must return any consideration that they had received.
Which of the following is a turn-around document?
a. remittance advice b. sales order c. purchase order d. payroll check
Which of the following statements is NOT correct concerning the appendix of a report?
a. Each report contains only one appendix, although several things may be placed in it. b. The appendix is a good place to put lengthy material that is related to the information in the body. c. Each item in the appendix must be mentioned in the report. d. The appendix may include questionnaires, summary tabulations, legal documents, or mathematical computations.