According to the Sarbanes-Oxley Act of 2002, any person who is employed by a public accounting firm that audits a client can be hired by that client as the chief executive officer (CEO) or chief financial officer (CFO), but only ________.
A. if that person is a CPA
B. when at least a year has passed since the audit
C. when at least five years have passed since the audit
D. if the person pledges to have nothing to do with any future audits
Answer: B
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Indicate whether the statement is true or false
The primary use of ______ is to increase believability and credibility.
a. examples b. explanations and descriptions c. analogies d. testimony
A single taxpayer provided the following information for 2018:Salary$80,000Interest on local government bonds (qualifies as a tax exclusion)4,000Allowable itemized deductions13,000What is taxable income?
A. $71,000 B. $80,000 C. $67,000 D. $62,950
Explain the three basic forms of presentation that are used in written reports
What will be an ideal response?