1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Artyom0805 [142]
2 years ago
12

A CPA can accept a gift from a client as long as: Group of answer choices Adequate internal controls exist in the client entity

to ensure gifts are made without any pre-conditions Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule The amount is below what is considered to be a material payment Audit services are not provided to the client
Business
1 answer:
aleksklad [387]2 years ago
8 0

In order for a CPA to accept a gift from a client, Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule

<h3>When can a CPA take a gift from a client?</h3>

A Certified Public Accountant (CPA) is someone who has to abide by the highest ethics in the accounting profession so as to protect the integrity of financial statements and the accounting profession in general.

A CPA can therefore not be seen to be influenced by their client in a way that brings bias such that financial statements cannot be trusted. One way this can happen is if the CPA accepts a gift from the client.

To avoid this, the gift accepted must be in line with integrity and objectivity rules that  ensure that the independence of the Certified Public Accountant (CPA) is protected.

In conclusion, a Certified Public Accountant (CPA) can accept a gift if Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule

Find out more on Certified Public Accountants at brainly.com/question/26264560

#SPJ1

You might be interested in
If the spot rate of the Israeli shekel is 5.76 shekels per dollar and the 180-day forward rate is 5.51 shekels per dollar, then
kvv77 [185]

Answer:

Premium = $5.76 -$5.51 = 0.25

Percentage of premium = 0.25/5.76 x 100

                                        = 4.34% premium

The correct answer is A

Explanation:

This is an indirect quote in which dollar is fixed and shekels is variable. In order to obtain the 180-day forward rate, premium of $0.25 has been deducted. In indirect quote, premium is deducted from the spot rate in order to determine the forward rate ie $5.76 - $0.25 = $5.51. The percentage of premium is calculated as premium divided by spot rate multiplied by 100.

8 0
3 years ago
2 points Time Remaining 23 minutes 4 seconds00:23:04 eBookItem 7 Time Remaining 23 minutes 4 seconds00:23:04 On April 30, Gomez
mash [69]

Answer: $51,400

Explanation:

Credits to Accounts Receivable represent a reduction in the Accounts receivable amount.

The formula for Closing balance is:

Closing balance = Opening balance + Credit sales - Credits to accounts receivable

Making Credit sales the subject will make the formula:

Credit sales = Credits to account receivable + Closing balance - opening balance

= 56,800 + 17,000 - 22,400

= $51,400

6 0
3 years ago
Clint Hill, CEO of Oregano Systems, a software engineering company, holds internal contests on the company intranet to get his e
kodGreya [7K]

Answer:

C) Bottom-up approach

Explanation:

The bottom-up approach refers to a management style where employee feedback is very valuable. Employees are generally invited to participate in the decision making or goal setting processes. The communication flows from the bottom of the organization to upper management levels.

In this case Hill, organizes an internal contest in order to get new business ideas.

8 0
3 years ago
What are some of the key components that are listed on a check in the current day?
stepladder [879]

Checks have several vital pieces of information, including

  • routing number
  • account number
  • check number
  • payee
  • payor
  • amount (in numbers)
  • amount in writing
  • payor signature
  • whatever security features the bank includes
5 0
3 years ago
The name for computations that allow you to determine how much money to deposit now to earn a desired amount in the future is
nydimaria [60]

Answer:

Future value

Explanation:

The name for computation that allows you to determine how much money to deposit now to earn a desired amount in the future is "Future value." Future value is the equivalent of an asset at a particular date. It estimates specific nominal future sum of cash that an invested sum of money is "worth" at a stipulated period in the future considering a specific interest rate, or more commonly, rate of interest; it is the immediate price multiplied by the aggregation function.

5 0
3 years ago
Other questions:
  • Marigold Corp. sells radios for $50 per unit. The fixed costs are $545000 and the variable costs are 60% of the selling price. A
    6·1 answer
  • The​ _____ is a research method with primary data that becomes a comprehensive examination of a particular firm or organization.
    12·1 answer
  • A limited liability corporation's (LLC) equity is reported similar to that of a a.trust. b.regular corporation. c.partnership. d
    13·1 answer
  • The Nixon Corporation’s common stock has a beta of 1.7. If the risk-free rate is 4.8 percent and the expected return on the mark
    11·1 answer
  • If Congress cuts spending to balance the federal budget, the Fed can act to prevent unemployment and recession by
    10·1 answer
  • Alicia heard that as a general rule, she should spend no more than one week's pay on rent. If Alicia's pay is $35,256 per year,
    11·2 answers
  • How do long-term goals differ from short-term goals?
    13·1 answer
  • Kraft has adapted its popular Oreo cookie to the unique tastes of consumers all around the world, whether it's mango-and-orange
    10·1 answer
  • Fleet, Inc. manufactured 700 units of Product A, a new product, in 20Xl. Product Xs variable and fixed manufacturing costs per u
    10·1 answer
  • Where do you report a stolen credit card to efta standards or pci standards
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!