Penalties on accountants for wrongdoing in the preparation of tax returns are imposed by the
A. Internal Revenue Code.
B. Federal Bureau of Investigation.
C. Sarbanes-Oxley Act.
D. GAAP.
Answer: A
You might also like to view...
What would be the effect of a highly rule-based structure on an organization’s leadership?
a. It would tend to facilitate effective leadership. b. It would tend to stifle or hinder effective leadership. c. It would likely have little effect on leadership. d. none of these
The majority of the presentation time should be devoted to what?
A) The introduction B) Arousing interest C) Discussing the main points in your outline D) The question and answer section E) Establishing credentials and qualification
Net income results in a(n)
A) increase in stockholders' equity. B) increase in revenues. C) decrease in expenses. D) increase in assets.
Which of the following is true of contract manufacturing?
A) It provides a chance to start faster but with more risks. B) It involves decreased control over the manufacturing process. C) It leads to an increase in potential profits on manufacturing. D) It is the simplest way to enter a foreign market. E) It involves entering a foreign market by exporting surplus products.