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Ch3 Which SEC form is used when a company plans to issue new securities to the public? Student Response Value Correct Answer Feedback A. Form

Ch3 Which SEC form is used when a company plans to issue new securities to the public? Student Response Value Correct Answer Feedback A. Form 10-Q B. Form S-1 C. Form 10-K The Sarbanes-Oxley Act permits a CPA firm that audits a public company to provide the following types of services to that company: Student Response Value Correct Answer Feedback A. Preparation of corporate tax returns C. Consulting services D. Both "a" and "b". Ch6: In the audit of the existence assertion, the auditor wants to make sure that: Student Response Value Correct Answer Feedback A. The balance in Accounts Receivable is not overstated. B. The balance in Accounts Receivable is not understated. C. Accounts Receivable is properly classified 0% Score: 0/1 13. Ch6: The existence assertion applies to: Student Response Value Correct Answer Feedback B. classes of transactions and events C. account balances D. none of the above Score: 0/1 14. If an auditor, performs an audit for a PRIVATE client, the auditor may not: Student Response Value Correct Answer Feedback A. Perform bookkeeping services for that client. B. Install a database management system for that client. C. Own stock in the client company 15. The Stevens CPA firm performs an audit of the Blue Men Co. , an entertainment agency. Which of the following is permissible? Student Response Value Correct Answer Feedback A. Stevens received $1000 from Blue Men Co. for recommending Blue Men Co. to a new customer. B. Steven received $1000 from the Big Sound Co. for recommending the Big Sound company to the Blue Men Co. C. Both of the above

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