The unique aspect of auditors' legal liability in the Rosenblum v. Adler ruling is:
A. Auditors could be held liable for gross negligence to all reasonably foreseeable third parties
B. Auditors should be able to detect all deceit by management
C. Auditors could be held liable for ordinary negligence to all reasonably foreseeable third parties
D. Auditors could be held liable for fraud to all reasonably foreseeable third parties
Answer: C
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Which of the following is the correct definition of inflation?
A. an increase in the general level of prices of products in an economy over a period of time B. the rise in the amount of goods and services that can be purchased for a specific amount of money C. a decline in gross domestic product for two or more consecutive quarters D. a decline in consumer confidence about the overall state of the economy and their own personal finances E. the rise in the rate of unemployment due to a slowing economy
The project charter will never include which of the following?
A) Project objectives and description B) Project budget C) Projected start and completion dates D) Key stakeholders, project role, and responsibilities
Data from Keniston Corporation's most recent balance sheet and income statement appear below: This YearLast YearAccounts receivable$128,000 $114,000 Inventory$228,000 $193,000 Sales on account$813,000 Cost of goods sold$597,000 The average collection period for this year is closest to: (Round your intermediate calculations to 2 decimal places.)
A. 39.1 days B. 45.1 days C. 57.5 days D. 54.3 days
A professional organization for project management specialists is the ________.
What will be an ideal response?