Which of the following is one of the most important drivers of audit quality in cases where an auditor may feel some pressure to acquiesce to management's demands to not require that misstatements be corrected in order to preserve a harmonious working relationship?
a. Firm culture.
b. Ethics training.
c. Annual income of the CPA firm.
d. PCAOB guidance.
a
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What type of funds are generally invested in secure, short-term instruments?
A. cash flow B. endowment C. unrestricted D. operating reserves
Which of the following basic values strongly influenced attitudes in the United States' first 200 years?
a. Structural mobility b. Self-sufficiency c. Nonconformity d. Self-dealing
Ben files a suit in a federal district court against Cathy. Cathy loses the suit, appeals to the U.S. Court of Appeals for the Second Circuit, and loses again. Cathy asks the United States Supreme Court to hear the case. The Court agrees to hear the case. This means that
a. at least four justices approve of hearing the case. b. Cathy's petition does not raise a possibility of an important constitutional question. c. the amount in controversy in Cathy's suit is greater than $100,000. d. the Court feels that the lower courts' judgments were erroneous.
Constitutional law includes only the U.S. Constitution.
Answer the following statement true (T) or false (F)