What is independence, and why is it important for a CPA to maintain it when conducting an audit?


Independence means having no financial or other compromising ties with the company under audit. To give the public confidence in their work, CPAs must maintain their independence whenever they conduct an audit.

Business

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The aim of advertainment is to make ads so entertaining or useful that people want to watch them

Indicate whether the statement is true or false

Business

In reality, demand and prices are

A) highly certain and not likely to fluctuate during the life of any supply chain decision. B) highly certain and likely to fluctuate during the life of any supply chain decision. C) highly uncertain and not likely to fluctuate during the life of any supply chain decision. D) highly uncertain and likely to fluctuate during the life of any supply chain decision.

Business

Which of the following is correct with respect to consequential damages under the Code?

a. Consequential damages include damages for destruction of a warehouse caused by the explosion of nonconforming goods. b. Consequential damages include damages for lost profits from a contract to resell goods which the seller never delivers. c. Particular needs of the buyer need to be made known to the seller before the seller can be held responsible for consequential damages relating to those needs. d. All of these are correct.

Business

By withholding their labor, strikers seek to increase the employer's cost of disagreeing with them by depriving the employer of:

A. Profits B. Their management rights C. Public support D. Access to credit

Business