This topic contains a solution. Click here to go to the answer

Author Question: The normal balance of an account is on the a. plus side. b. left side. c. debit side. d. right ... (Read 416 times)

fox

  • Hero Member
  • *****
  • Posts: 540
The normal balance of an account is on the
 a. plus side.
  b. left side.
  c. debit side.
  d. right side.
  e. credit side.

Question 2

Steven Smith has been engaged by a counsel to assist a fellow CPA in an accounting malpractice action against Krynton Company. Five years back, Steven's wife used to work as finance manager for Krynton.
 
  During the engagement, Krynton warned Steven that his wife will be sued for financial treachery if the prevailing accounting malpractice action is ruled against the company. Which of the following is the threat faced by Steven Smith as per AICPA's Guide for Complying with Rules 102-505 (2008)?
  A) familiarity threat
  B) advocacy threat
  C) undue influence threat
  D) self-review threat



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stano32

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

A

Answer to Question 2

C
Explanation: C) Undue influence threat since Steven is coerced by Krynton to act in favor of the company by threatening to sue his wife.




fox

  • Member
  • Posts: 540
Reply 2 on: Jul 6, 2018
Gracias!


amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Excellent

 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

For a complete list of videos, visit our video library