Auditor independence under SOX includes categories of services that a public accounting firm cannot perform for a client. List five prohibited functions
Bookkeeping or other services related to the accounting records or financial statements.
Financial information systems design and implementation
Appraisal or valuation services, fairness opinions, or contribution-in-kind reports
Actuarial services
Internal audit outsourcing services
Management functions or human resources
Broker or dealer, investment adviser, or investment banking services
Legal services and expert services unrelated to the audit
Any other service that the PCAOB determines is impermissible
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Indicate whether the statement is true or false
Which of the following is one of the primary goals of reminder advertising?
A) maintain customer relationships B) build brand preference C) correct false impressions D) inform the market of a price change E) restore company image
The first step in goal planning is setting up a budget
Indicate whether the statement is true or false.
Which of the following statements regarding adoption credits is not true?
A. Adoption of foreign country children does not qualify for the credit. B. Form 8839 must be filed to claim the credit. C. Adoption of a child of taxpayer's spouse does not qualify. D. There is a dollar limit to the maximum credit allowed per adopted child.