Kathleen works for an accounting firm, Securate, as an auditor. Kathleen’s firm provides many services including auditing services, investment consulting, and tax assistance. Kathleen is working on an audit for a company that Securate also does consulting for. Which of the following is true? Kathleen may not assist in consulting services for the company unless she is an officer in the company. Kathleen may assist in consulting services for the company without restriction. Kathleen may not assist in consulting for the company.

If the directors of a company make a decision, which later on proves not to be a good decision and causes the company to lose money, will the directors be liable for failure to exercise their duty of care and diligence? (300 words)

Which of the following would NOT prohibit an individual from getting a real estate license? A. conviction for DUI B. conviction for forgery C. revocation of license in another state D. inability to provide evidence of legal status

Which of the following are not the rights of the auditors? a) The right to all information and explanations (from management) necessary for the proper conduct of the audit. b) The right to receive notice of all meetings of the directors and to attend those meetings. c) The right to speak at shareholders’ meetings on matters affecting the Management. d) The right to visit the branches of the client and right to access all accounting books and records. e) The right to examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity f) The right to review data about material assets, net worth, liabilities, capital stock, surplus, income and expenditures Only d) , e) and f) All a) , b) , c) , d) and e) Only b) and c) Only b

Which of the following is a fact that would lend itself to a determination that an activity was a hobby?  (a) Underpayment of employment taxes due on farm laborers.  (b) The taxpayer has many years of experience in the area, and operates in a businesslike manner.  (c) The taxpayer truly enjoys the activity.  (d) All of these would lend themselves to a determination that an activity was a hobby.

Subject:- accounting

While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had been made.  Derek wants to hold the tour company liable for his injury. Which of the following is most likely true? A. Derek cannot hold the tour company liable because there is no way to prepare for or avoid a bear attack. B. The company is not at fault because it does not owe Derek a duty of care. C. Because most people would not expect something as dangerous as a bear encounter while on a hike, an assumption of risk defense will probably not protect the tour company. D. Derek assumed the risk of a bear attack by joining the tour group, so he cannot hold the tour company liable.

According to the Institute of Management Accountants Statement of Ethical Professional Practice,determining whether a particular action is ethical requires knowinga. whether the act is legal in your jurisdiction.b. the intent and the business context of the act.c. the amount of the fraud or theft that is involved.d. whether the management accountant is certified

How can a proxy contest be used to overcome a captured​board?   ​(Select all of the choices that​ apply.) A. Proxy contests are simply contested elections for directors. In a proxy​ contest, there are two competing slates of directors rather than just one slate proposed by the company. B. If a board has become captured or unresponsive to shareholder​demands, shareholders can put their own slate of new directors up for election. C. If the dissident slate​ wins, then the CEO will have succeeded in placing new​ directors, presumably not beholden to the​ CEO, on the board. D. If the dissident slate​ wins, then shareholders will have succeeded in placing new​ directors, presumably not beholden to the​ CEO, on the board. E.If a board has become captured or unresponsive to shareholder​demands, the CEO can put a slate of new directors up for election.

please choose the most correct anwser.