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Soloha48 [4]
3 years ago
13

When a member performs non-attest services for an attest client, management is required to designate an individual to oversee th

ose services. Which choice best describes the qualities that are required of that person under AICPA rules?
A. He or she must possess the same level of expertise as the CPA.
B. He or she must possess the same level of education as the CPA.
C. He or she must have suitable skill, knowledge, or experience.
D. He or she must be able to supervise the CPA in the day-to-day rendering of the services.
Business
1 answer:
Inessa [10]3 years ago
3 0

Answer:

C. He or she must have suitable skill, knowledge, or experience

Explanation:

As per American Institute of Certified Public Accountants (AICPA), members have to abide by a strict code of conduct which relates to performance and discharge of responsibilities.

When a member performs non attest services for a attest client, an individual for oversight needs to be designated who must possess suitable skills, knowledge, or experience.

The designated person should be able to understand the scope, nature and objectives of non attest services.

Such a person should agree upon the nature scope and objectives of such non attest services performed by the member and he is not required to supervise the member for routine discharge of services.

The person should receive progress reports and periodically review them.

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A clearinghouse scam involves a victim receiving: a. a letter that claims he or she has inherited a significant amount of money.
Vitek1552 [10]

Answer:

c. a letter that falsely claims the writer represents a foreign bank.

Explanation:

A clearing house is a financial institution that should be created for exchanging the payments, securities, or transactions related to derivates. It stands between the two clearing firms. Its motive is to decrease the member risk that failed to honor the trade settlement liabilities

So the clearing house scam includes the victim that collect the letter in which there is false claims where the writer shows the foreign bank

5 0
3 years ago
Credit bureau decides if you recieve credit or not? true or false?
Vaselesa [24]

False

Credit Bureau supplies ratings based off of prior credit history. Companies / banks decide if you are worthy of loans based off of these ratings.

6 0
3 years ago
Mr.​ Seider, a shareholder in the Greenfield​ Corporation, owns 9 comma 000 shares of their common​ stock, which represents 32​%
sladkih [1.3K]

Answer:

32%

Explanation:

Since the question, it is mentioned that Mr. Seider owns 32% of the outstanding common stock of Greenfield Corporation. And, he also received the stock dividend of 10%.

But after the stock dividend, the ownership would remain the same i.e 32% because the dividend is based on the ownership criteria. As the dividend is distributed on the number of shares owned by the shareholder. So, the ownership would be 32% after the stock dividend

6 0
3 years ago
Michael has the ability to create and articulate a realistic, credible, and attractive vision of the
irina1246 [14]

Answer:

Visionary.

Explanation:

A visionary leader is someone who has a clear-cut idea of what he/ she wants in the future. This type of leader will be able to not only create and articulate a clear idea, a realistic idea but also be credible and provide an attractive vision for the company's future.

The leader will help set up a realistic plan to further improve the company, bringing his vision to reality. This will help the company or organization to grow and improve. Likewise, Michael is a visionary leader, with his creative and realistic vision for the organization. He will lead the team to a better, improved future for not only himself but everyone.  

6 0
3 years ago
During which of the following stages of socialization do people first learn about the organization and job?a. Role managementb.
Tems11 [23]

Answer:

Letter b is correct. <u>Encounter.</u>

Explanation:

It is through this stage of socialization that new employees begin to learn about the work tasks they will perform and receive appropriate training.

In this phase, employees' expectations are also related to the whole work environment in general, such as employment, their new teammates and supervisors, in order to confront an expectation generated with the reality of the work.

Therefore socialization is relevant for the new employee to replace their expectations generated by the standards expected by the organization.

7 0
3 years ago
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