The Public Company Oversight Board: A) is a governmental body. B) ...

[colton]

The Public Company Oversight Board:
 A) is a governmental body.
 B) must have at least three board members that are CPAs.
 C) enforces professional rules that ensure audit quality and auditor independence.
 D) is an agency within the IRS.

Question 2

An accountant who is being sued by a third person for malpractice based on fraud will be able to avoid liability if the accountant can show:
 A) contributory negligence on the part of the plaintiff.
 B) that an exculpatory clause applies.
 C) that the plaintiff did not rely on the false statement.
 D) the absence of privity of contract.

[diesoon]

Answer to Question 1

C

Answer to Question 2

C