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
earnstyle [38]
3 years ago
14

Upon discovering fraudulent data in a client’s tax return that the client would not correct, a CPA withdraws from the engagement

. How should the CPA respond if asked by the successor CPA why the relationship was terminated?
Business
2 answers:
ExtremeBDS [4]3 years ago
7 0

Answer:

Even though a client cannot force CPA to engage in illegal activities, like any other employer cannot force an employee to commit a crime, there exists a -accountant-client privilege that cannot be violated. This means that the accountant cannot disclose any information regarding past clients unless ordered by a court or authorized by the client himself/herself.

So, before discussing any previous events, the successor CPA must obtain the client's permission to discuss any events related to the previous relationship.

Allushta [10]3 years ago
3 0

Answer:

I would suggest that the client requests permission for us to discuss all matters on a platter.

You might be interested in
The calculation for annual depreciation using the units-of-output method is:________
Elza [17]

Answer:

d. (Depreciable cost Estimated output) × Actual yearly output

Explanation:

<em>Units of Output depreciation = Cost - Residual Value × Period`s Production / Total Expected Production.</em>

Note : Depreciation is dependable on depreciable cost (Cost less Residual Value)

The Option that is close to this formula is d.

5 0
3 years ago
The saving component of financial planning focuses on long-term security and includes:
Lerok [7]

The saving component of financial planning focuses on long-term security and includes <u>a </u><u>regular</u><u> savings </u><u>plan </u><u>for emergencies</u>.

<h3>What is financial planning?</h3>

Financial planning can be described as the process of evaluating a person's present income and future financial situation using currently available data to forecast future asset values, earnings, and withdrawal schedules.

Long-term financial planing serve as the foundation for the creation of short-term plans and budgets later in the financial planning process.

The saving portion of financial planning emphasizes long-term security and includes a consistent savings plan for emergency expenses.

Learn more about financial planning here: brainly.com/question/17586668.

#SPJ12

8 0
2 years ago
Of course, these engineering controls will cost $33,000 dollars. This is compared to a continuing hearing conservation program t
ra1l [238]

Answer:

Explanation:

As the loan amount is gradually written off by the cost saved , the interest saved is also considered

P= ( 1+ R)^n

F = 9,000

R = 5% , 0.05

Loan amount - $33,000

N=Number of years

Year 1 = 9000( 1+0.05)^-1= 8,571.43

Year 2 =9000(1+0.05)^-2 = 8,163.27=  16.734.70

Year 3= 9000(1+0.05)^-3= 7,774.54 = 24,509.24

Year 4 = 9,000(1+0.05)^-4= 7,404.32= 31,913.56

Year 5 = 9,000 (1+0.05)^-5= 7,051.74= 38,965.3

Payback period is 5 years.

The company has the option of $33,000 for a control that will be repaid over five years period or a continuing hearing conservation program that would have paid ($9,000*5) $45,000 for the five years.

Comparing the two option , The Engineering control is a cheaper option and even with benefits that will outlast the continuing hearing program.

8 0
3 years ago
Which of the following countries experienced a decline in total output from 2000 to 2005?
sattari [20]

Answer: The correct answer is "B. Zimbabwe".

Explanation: GDP growth is crucial for an economy, since an increase in it reflects an increase in economic activity. If economic activity picks up, it means that unemployment tends to decrease and that per capita income increases.

In the case of Zimbabwe, population growth is far superior to GDP growth, therefore this makes economic growth much more difficult since there are more people per capita income is diminished.

7 0
3 years ago
Judy has realized that she does not like working for others. She wants to open a business i n which she will have maximum contro
qwelly [4]

Answer:

<em>Sole proprietorship</em>

Explanation:

Judy has realized that she does not like working for others . She wants to open a business in which she will have maximum control and the least fro, government regulations . <u>Sole proprietorship</u> is best suited for Judy's needs.

<em>Sole proprietorship is the form of business in which a single person is responsible for all the decisions , that single person have full control over the business . </em>

Sole proprietorship is the form of business which is easy to form  with no legal formalities. There is a secrecy in Sole proprietorship . In  Sole proprietorship the interference of the government is minimum .Sole proprietorship facilitate quick decision making as he /she does not need to concern with others. In the sole proprietorship , the individual need not share his profit with other person . The overhead cost in Sole proprietorship is less.

In you need not to work under anyone, you just need to open it and run according to you , you have full control over it , as no one can say anything to you .

3 0
3 years ago
Other questions:
  • A supervisor who wants to measure the performance of his current employees will probably not use
    7·2 answers
  • a. Consumption schedule The variable on the vertical (y) axis is (Click to select) and the variable on the horizontal (x) axis i
    11·1 answer
  • Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $54,000 and $2,400, r
    6·2 answers
  • Mack's guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically, out of the 100 guitars that b
    5·1 answer
  • A company releases a​ five-year bond with a face value of​ $1,000 and coupons paid semiannually. If market interest rates imply
    15·1 answer
  • The following selected account balances are provided for Delray Mfg. Sales $ 1,165,000 Raw materials inventory, beginning 35,000
    8·1 answer
  • are the two ways firms can obtain new products. A. New product development and existing product modification B. Acquisitions and
    14·2 answers
  • If a firm has high current and quick ratios, this always is a good indication that a firm is managing its liquidity position wel
    7·1 answer
  • TRUE OR FALSE FOR BRAINLIEST ANSWER A covenant not to sue is a contractual provision in which one party promises not to sue the
    12·2 answers
  • Your company has two​ divisions: One division sells software and the other division sells computers through a direct sales​ chan
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!