Which statement is correct with respect to filing an S election?   a.  Form 2553 must be filed.   b.  All shareholders must consent.   c.  The election may be filed in the previous year.   d.  An extension of time is available for filing Form 2553.   e.  All of the above statements are correct

Is a member of an audit team required to disclose to a client that a commission will be received at the time the referral is being made under the “Commissions and Referral Fees Rule”?     Yes or No

In a 3-4 page outline, create an outline of audit requirements that a nonprofit in your state would need to prepare for in conducting their annual audit. • Include the title of the requirement, the related statute, and the actions the organization would need to take to address the requirement. ■ At least one page of this outline should focus on requirements related to the board.

3

To participate in a shareholders' meeting, a shareholder must present a proxy. O True 3000 O False

on at of gestion In terms of Act 69 OF 1984, the formation and juristic personality of close corporations are as follows, EXCEPT: Select one: O a. Any one or more persons, not exceeding ten, who qualify for membership of a close corporation in terms of this Act, may form a close corporation and secure its incorporation by complying with the requirements of this Act in respect of the registration of its founding statement. O b. A corporation shall have the capacity and powers of a natural person of full capacity in so far as a juristic person is capable of having such capacity or of exercising such powers. O c. A corporation formed in accordance with the provisions of this Act is on registration in terms of those provisions a juristic person and continues, irrespective of the provisions of this Act, to exist as a juristic person notwithstanding changes in its membership until it is in terms of this Act deregistered or dissolved. O d. Subject to the provisions of this Act, the members of…