Which of the following is true about the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act?
A. The act expands states' rights with regard to Internet surveillance technology.
B. The act does not enhance civil and criminal penalties for intentionally aiding terrorists.
C. The act excludes provisions designed to combat money laundering activity.
D. The act does not grant access to sensitive data with only a court order.
Answer: A
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In verifying the amount of goodwill recorded by an entity, the most convincing evidence that an auditor can obtain is by comparing the recorded value of assets acquired with the:
A. assessed value as evidenced by tax bills. B. seller's book value as evidenced by financial statements. C. appraised value as evidenced by independent appraisals. D. insured value as evidenced by insurance policies.
The statement of changes in net worth is presented in terms of realized increases (decreases) and unrealized increases (decreases)
Indicate whether the statement is true or false
The audit of which of the following balance sheet accounts does not normally result in verification of an income statement account?
A. Intangible assets. B. Accounts receivable. C. Cash. D. Property, plant, and equipment.
In 2000, the average charge of tax preparation was $95 . Assuming a normal distribution and a standard deviation of $10, use the approximate areas beneath the normal curve, as discussed in this section, to answer : What proportion of tax preparation fees were more than $115?