The Environmental Protection Agency (EPA) would like to adopt some new rules regarding environmental impact statements, but it is afraid that if too many people know about them ahead of time, the adverse publicity will force the agency to amend them. To avoid any public comment, the agency seeks to adopt the rules without publishing them. Which of the following statements is true regarding the agency's actions? a. The agency is seeking to adopt the rules by a procedure that violates the rulemaking procedures set forth in the APA. b. The agency has a right to act in this way and a duty to be efficient with taxpayer money. c. The rules in this instance are procedural in nature and therefore are not required to be published. d. The agency has no rulemaking authority, because only Congress can make legislative rules

The Merritt Committee Investigation looked into solutions for dealing with:   unethical and undesirable behavior by insurance companies   effectiveness of state taxation as opposed to insurance regulation   states that do not have a state insurance commissioner system in place   insurers that violate risk-based capital requirements

(b)A waste disposal company has breached tax regulations, environmental regulations and health and safety regulations. The auditor has been approached by the tax authorities, the government body supervising the award of licences to such companies and a trade union representative. All of them have asked the auditor to provide them with information about the company. The auditor has also been approached by the police. They are investigating a suspected fraud perpetrated by the managing director of the company and they wish to ask the auditor certain questions about him. Required: Describe how the auditor should respond to these types of request.

According to the warrantless searches authorized by the Federal Mine Safety and Health Act are legal because exception to the search warrant requirement, courts have ruled that the federal regulatory presence is comprehensive and well defined. Click the answer you think is right. prevailing-authority preeminent-domain pervasive-regulation predominate-control A Read about this Do you know the answer?

ASA570.10 requires the auditor to particularly evaluate the going concern problems and the related risk as part of the audit strategy and processes. What are the implications and the consequences for the audit if it is concluded that the going concern assumption is inappropriate and, as a result, the entity being audited is highly unlikely to continue in business in the foreseeable future? In your response and in your own words, discuss six (6) typical indicators of going concern problems and state the considerations and the additional procedures which should be included as part of the audit program.

Which of the following is generally true about the differences between U.S. GAAP and IFRS? O a. More professional judgment is required to apply U.S. GAAP than is required for implementing IFRS. Ob. U.S. GAAP rends to offer less choices, less flexible than IFRS. c. U.S. GAAP tends to be more principle-based and IFRS tend to be rules- X based. d. In all cases, U.S. GAAP is more detailed than the IFRS.

I need the answer as soon as possible

The CPA firm of Webster, Warren, & Webb LLP issued an adverse opinion on the internal control of Alexandria Financial, a public company, due to a material weakness. The weakness involved the lack of sufficient accounting expertise to evaluate and adopt appropriate accounting principles. Subsequent to issuance of the report, management of Alexandria hired a new controller to eliminate the weakness. a. Describe what steps Alexandria must perform to engage Webster, Warren, & Webb to issue a report indicating that the weakness no longer exists. b. Describe how Webster, Warren, & Webb should approach the engagement. c. Describe what Webster, Warren, & Webb must do if, during the course of the engagement, a member of the audit team discovers another material weakness in internal control over financial reporting. Will the new weakness affect the auditors’ report?

Which of the following statements about the FASB Accounting Standards Codification is false? The six levels contained within the Codification framework are hierarchical in nature, such that the higher levels are considered to be more authoritative than the lower levels.   The Codification is currently the only authoritative source of U.S. GAAP.   The purpose of creating the Codification was to simplify user access to authoritative U.S. GAAP.   The framework of the Codification contains six levels, which are increasingly more specific.

50. Which of the following rules of conduct would fall under Integrity? Group of answer choices Shall not accept anything that may impair or be presumed to impair their professional judgment. Shall exhibit the highest level of professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined. None of the choices Shall not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization. Shall respect and contribute to the legitimate and ethical objectives of the organization.