Which of the following is not a good reason to use IM at work?
A) You need to convey information quickly.
B) You need to send confidential business information.
C) You have a simple question.
D) You need a fast response from someone.
E) You know that your supervisor appreciates a quick update using IM.
B
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Engagement Quality Review Morgan Thompson, CPA is a partner in a medium-sized CPA firm and takes an active part in the conduct of every audit she supervises. She follows the practice of reviewing all audit files of staff auditors on her team as soon as
it is convenient, rather than waiting until the end of the audit. When the audit is nearly finished, Thompson reviews the audit files again to make sure that she has not missed anything significant. Because she makes most of the major decisions on the audit, there is rarely anything that requires further investigation. When she completes the review, she prepares a draft of the financial statements, gets them approved by management, and has them assembled in her firm's office. No other partner reviews the audit documentation, because Thompson is responsible for signing the audit reports. REQUIRED: (1) Evaluate the practice of not having a concurring partner review of the audit documentation by another partner in the firm, (2) explain some of the procedures the reviewer should perform as part of the review process, and (3) what documentation should be included.
Which of the following is a way to build trust among members of a virtual team?
a. Meet face-to-face once in a while b. Prohibit sharing of personal information on social websites c. Require team members to share personal photos and information on social websites d. Keep the team as small as possible
Explain the types of securities that Pollard is buying and selling
What will be an ideal response?
Illegal horizontal price fixing:
a. occurs when a manufacturer requires the retailers to sell its products at specific prices b. occurs when a firm at one level of business controls the price of a firm's product at another level c. ties the sale of one product at a particular price to the sale of another product d. occurs when a seller strictly limits distribution and price of its product e. none of the other choices