34. Which of the following is NOT a function of the AICPA a. overseeing audits of nonpublic companies b. overseeing audits of public companies c. providing continuing education to CPAs d. writing and grading the CPA exam 35. Which company capitalized expenses for their telecommunication cable inventory when they should have been expensed, thus altering net income a. Enron b. Worldcom c. Campus Sports d. Giles and Regas e. A Day in the Life of an Auditor 36. Which company created fake partnerships to conceal liabilities which the company accrued, thus making owner's equity appear better than it normally would? a. Enron b. Worldcom c. Campus Sport d. Giles and Regas e. A Day in the Life of an Auditor