Question

9- Under the joint trial board procedures, which of the following is not a possible disciplinary action that could

                    be taken:                                                                                          

1. Admonishment
2. Suspension for five years
3. Expulsion
4. Suspension for two years or less

______ 10- Failure to exercise even slight care is considered to be:

1. Ordinary Negligence
2. Gross Negligence
3. Fraud
4. Deception

______11- The ethical standards of the profession would most likely be considered to be violated if a CPA

1. Jointly owns a building with an audit client’s President and the investment is material to the CPA
2. Has an insured account with a brokerage firm that is an audit client and the account is used for occasional cash transactions.
3. Is asked by an audit client to act as a “finder” in the acquisition of another company on a per diem basis
4. Searches for and initially screens candidates for the vacant controllership of an audit client

______ 12- Under common law, all of the following would be included as a foreseeable party except:

a-The audit client

b-The client’s creditors

c-The client’s present investors

d-The client’s future investors

Answer 1

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Answer 9	Option B
Answer 10	Option B
Answer 11	Option A
Answer 12	Option A