On January 24, 2014, KPMG agreed to pay $8.2 million to settle charges by the SEC that the firm violated auditor independence rules because it:
A. Had a management decision-making position in affiliate companies that KPMG audited
B. Provided certain nonaudit services to affiliate companies whose books KPMG was auditing
C. Had a business relationship with management of an affiliate company it was auditing
D. Provided audit services to affiliate companies while owning stock in those companies
Answer: B
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A. micro-managerial B. procedural C. substantive D. legally enforceable
During what phase of the writing process does the writer check for clarity, conciseness and correctness?
A) Drafting B) Proofreading C) Planning D) Completing E) Writing
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A) ending merchandise inventory B) sales revenue C) purchases D) purchase returns
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