If an auditor of financial statements required by the 1934 Act becomes aware of an illegal act, the auditor must:
A) inform the issuer's management and make sure the audit committee or the board of directors is adequately informed.
B) notify the SEC within one day of discovering the illegal act.
C) resign if the issuer does not notify the SEC of the illegality within ten business days.
D) be subject to criminal penalties if the auditor willfully violates the Reform Act by not resigning or furnishing reports to the SEC.
A
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Jordie has decided to quit smoking, mostly because his new girlfriend is an exercise physiology major whose uncle passed away from lung cancer. Which factor of the Theory of Planned Behavior is relevant to Jordie?
A. behavioral intent B. attitudes C. perceived behavioral control D. normative beliefs
The following are forms of real property transfer documents:
A) Warranty deed. B) Quitclaim deed. C) Both of the above. D) None of the above.
Which of the following statements about the opportunity cost associated with a capital budgeting project is correct?
A. A project's opportunity cost is a cash outlay that the firm has already paid; therefore, it should not be included in a capital budgeting analysis. B. The terms sunk cost and opportunity cost generally are used interchangeably. C. A project's opportunity cost is the return (cash flow) that will not be earned (generated) if funds are invested in a particular capital budgeting project. D. A project's opportunity cost is not a relevant cash flow, therefore it should not be included in the capital budgeting analysis. E. A project's opportunity cost reflects the change in a firm's net cash flow that is attributable to purchasing the project.
One's interest in real property is often called an estate
a. True b. False Indicate whether the statement is true or false