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2- The PCAOB and SEC require which employees of an accounting firm to rotate off the engagement every five years? a-In-Charge Auditor: Yes, Lead audit

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2- The PCAOB and SEC require which employees of an accounting firm to rotate off the engagement every five years? a-In-Charge Auditor: Yes, Lead audit partner: Yes b- In-Charge Auditor: No Lead audit partner: No C-In-Charge Auditor: Yes, Lead audit partner: No d-In-Charge Auditor: No Lead audit partner: Yes I a. 3- An example of a breach of contract would be a CPA firm's failure to deliver a tax return on the agreed-upon date because the firm had a backlog of other work which was more profitable. b. a bank's claim that an auditor had a duty to uncover material errors in financial statements that had been relied on in making a loan. an auditor's refusal to return client's general ledger book until client paid last year's audit fees. d. an auditor's failure to complete the audit by the agreed-upon date because client's financial records had been confiscated by the government. c

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