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Temka [501]
2 years ago
14

All of the following are considered examples of disreputable conduct for which a CPA can be disbarred or suspended except Direct

ly or indirectly attempting to influence the official action of any employee of the Internal Revenue Service by use of threats or false accusations or by bestowing any gift, favor, or thing of value. Knowingly aiding and abetting another person to practice before the Internal Revenue Service during a period of suspension or disbarment. Misappropriation or failure to remit funds received from a client for the purpose of payment of taxes or other obligations due the United States. Failure to timely pay personal income taxes.
Business
1 answer:
ivann1987 [24]2 years ago
6 0

Answer:

Failure to timely pay personal income taxes.

Explanation:

Rules of Conduct

This is simply said to be a full stated guidance to aim to help an auditor in applying broad principles contained in AICPA's Code of Professional Conduct

These Disreputable conduct if commited by an attorney, certified public accountant, or enrolled practitioner, it can therefore lead to them being disbarred or suspended from practice before the Bureau.

Rules sometimes do changes over time due to the fact that members of profession encountered specific ethical dilemmas in complying with the principles of the code

There are 6 Principles of the AICPA Code of Professional Conduct. They cover:

1. Responsibilities

2. The Public Interest

3. Integrity

4. Objectivity

5. Due Care

6. Scope and Nature of Services

The disreputable conduct for which a CPA can be disbarred or suspended includes the following;

1. When they Directly or indirectly attempting to influence the official action of any employee of the Internal Revenue Service by use of threats or false accusations or by bestowing any gift, favor, or thing of value.

2. Knowingly aiding and abetting another person to practice before the Internal Revenue Service during a period of suspension or disbarment.

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Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating incom
Pie

Answer:

ROI = Net operating income        x 100

         Average operating assets

ROI = $1,924,320   x 100

         $6,000,000

ROI = 32.1%

The correct answer is C

Explanation:

ROI is the ratio of net operating income to average operating assets multiplied by 100.

7 0
3 years ago
What is the expected cashflow of the company XYZ in year 1 if its EBIT in year 1 is $270,000, depreciation is $85,000, change in
vitfil [10]

Answer: b. 233,500

Explanation:

The expected cashflow is;

= (EBIT * (1 - tax) ) + Depreciation - change in net working capital - capital expenditure

= (270,000 * (1 - 25%)) + 85,000 - 19,000 - 35,000

= $‭233,500‬

3 0
3 years ago
Exercise 13-26 (LO. 5) Henry is a 50% partner in HJ Partnership. This year, the tax form he receives from HJ (Schedule K-1 of Fo
Eduardwww [97]

Answer:

20,000

Explanation:

Henry has already received the $10,000 from HJ, It would be considered as a partial withdrawal of his share of profit. His total income should be 20,000 (40,000 x 50%) so the remaining 10,000 of his share of profit may be received by him later on a future date

Henry must report on his Form 1040 from HJ for the tax year = 40,000 x 50%

Henry must report on his Form 1040 from HJ for the tax year = 20,000

3 0
3 years ago
Another word for Interpersonal Communication is Question 2 options: a) face-to-face communication b) dyadic communication c) par
SpyIntel [72]

Another word for interpersonal communication is FACE TO FACE COMMUNICATION. The correct option is A.

Interpersonal communication is a face to face communication process through which people exchange information and express their feelings either verbally or non verbally. Interpersonal communication is a two way communication and the skill of listening is very important in this type of communication. Face to face communication plays a crucial role in building up and maintaining relationships with people. It is a very important concept which one must master in order to be a good team player and a sociable person.  

6 0
3 years ago
According to federal regulations, an IRB must have at least two community members to fulfill membership requirements; one member
kozerog [31]

Answer:

False

Explanation:

According to federal regulations each IRB shall have at-least 5 members, further, there shall be at-least one member with scientific expertise and one member with no expertise in science.

Total number shall not fall below 5 members.

Here it states, to have at-least two members are require to fulfill the requirement of membership. Thus, the above statement is false.

In case it is talking about only about the character being scientific expertise or not then it is true.

But total members are 5 and not 2 thus statement is false.

4 0
3 years ago
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