This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The normal balance of an account is on the a. plus side. b. left side. c. debit side. d. right ... (Read 438 times)

fox

  • Hero Member
  • *****
  • Posts: 540
on: Jul 6, 2018
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
Reply #1 on: Jul 6, 2018
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
Thanks for the timely response, appreciate it

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

EEG recordings showing the differences between normal, absence seizure, and generalized tonic–clonic EEG recordings showing the differences between normal, absence seizure, and generalized tonic–clonic
Normal Distribution of IQ Scores Normal Distribution of IQ Scores
Placement of hands for mobilizing the rib cage from side to side. Placement of hands for mobilizing the rib cage from side to side.
Wind, solar, biomass, and geothermal power account for less than 1% of global power generation Wind, solar, biomass, and geothermal power account for less than 1% of global power generation
Chorionic villus sampling (left) and amniocentesis (right) Chorionic villus sampling (left) and amniocentesis (right)
MRI scans of normal elderly person compared to one with Alzheimer's MRI scans of normal elderly person compared to one with Alzheimer's
Video: Oxygen - hemoglobin dissociation curve & Hemoglobin's affinity with oxygen - acidity

For a complete list of videos, visit our video library