Answer:
1. Under the Securities Act of 1933, initial purchasers of securities may sue the auditors for misleading audited financial statements and need not prove that they relied on the financial statements. The burden of proof is on the auditors to prove that they were <u>relied</u> in the performance of their work.
2. When CPAs are associated with <u>unaudited financial statements
</u>
, a possibility exists that the client may misinterpret the extent of the CPAs' services and believe that the accountants are acting as auditors.
3. A document including audited financial statements that must be filed with the SEC by any company intending to sell its securities to the public through the mails or interstate commerce is called a <u>Form S-1.</u>
4. When damage to another is directly attributable to a wrongdoer's act, <u>proximate cause</u> is said to exist.
5. An <u>engagement letter</u> is the written contract summarizing the relationship between the auditors and the client.
Answer: The correct answers are,
A)Civil Engineer 5)designs and oversees a large construction
process
B)Logging Equipment Manager 6categorizes trees based
on their knot size, straightness, and other characteristics
C)Energy Auditor 4)reduces the amount of energy homeowners and companies use
Explanation:
The answer choice which is associated with long chains of command, inefficient use of resources and excessive attention to procedures and rules is known as:
<h3>What is Bureaucracy?</h3>
This refers to a complex system which has different layers and requires a chain of command and the proper ways of doing things.
With this in mind, we can see that this is evidenced by the Department of Justice as it has different offices such as the office of the District Attorney, Prosecutor, etc.
Read more about bureaucracy here:
brainly.com/question/905062
Answer:
Trade credit
Explanation:
The answer to this question is trade credit. Trade credit can be defined as a loan that is given by one trader to another trader when they buy goods and services without immediate payment. That is when these are bought on credit. Through trade credit, there is the facilitation in the purchase of supplies without paying for the suppliers immediately. It is mostly used as a way of short-term financing.
Answer:
Cause marketing
Explanation:
In the cause marketing, the company advertises itself by the use of corporate social responsibility. By doing so the company creates its positive picture in the society which helps in promoting its products.
