Which of the following statements is true of accountants?

A) Accountants cannot be hired to perform nonaudit services.
B) Accountants cannot be held liable by provisions of common law.
C) Accountants can be held liable to clients but not to third parties.
D) Accountants who lack certified public accountant (CPA) certification are called public accountants.


D

Business

You might also like to view...

Which of the following is not a disadvantage of nonhierarchical clustering procedures?

A) The number of clusters must be pre-specified. B) The selection of cluster centers is arbitrary. C) The procedures do not work well when the clusters are poorly defined. D) All of the above are disadvantages.

Business

A project is defined as a series of tasks to create a product, program, or service.

a. True b. False

Business

Unless one of the parties contractually assumes the risk, the __________ discharges a contract if supervening circumstances make fulfillment of the purpose which both parties had in mind impossible

a. bankruptcy law b. frustration of purpose doctrine c. perfect tender rule d. impossibility of performance doctrine

Business

A(n) ____________________ refers to a written document that can be used as a substitute for money

Fill in the blank(s) with correct word

Business