Suppose a management accountant becomes aware that a poor judgment he or she made has resulted in the loss of one of the company's clients. Is the accountant bound to share this information with the company? (The accountant doubts that the company will ever find out about it directly.)
A) The management accountant is bound to respond honestly to inquiries regarding the adequacy of professional judgments but is not bound to communicate them if not directly asked.
B) The management accountant is bound to communicate this error in judgment only if another client cannot be found.
C) The management accountant is not bound to communicate this error.
D) The management accountant is bound to communicate unfavorable and favorable judgments made, even if not directly asked.
D
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Your supervisor expresses concern for your well-being when he learns of the passing of your father. He is using ______.
A. directive behaviors B. achievement behaviors C. supportive behaviors D. participative behaviors
?If the Philippines needed to borrow money to promote its economic and social progress, it would most likely go to the ___.
A. ?Asian Development Bank. B. ?World Bank. C. ?International Monetary Fund. D. ?United Nations.
To raise $120 million to expand operations, Primo Inc. makes a stock offering directly to sixty accredited investors and twenty sophisticated, but unaccredited investors. The firm plans to notify the SEC of sales. Under the Securities Act of 1933, this issue may qualify as an exempt transaction
A. as is. B. if all of the investors are also given material information about the firm. C. if the offering is also made to the general public. D. under no circumstances.