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Question 3 of 40 2.5 Points An example of fraudulent financial statements is:A.Misrepresentation of events, transactions, and other significant events in the financial statements B.Failure

Question 3 of 40

2.5 Points

  • An example of fraudulent financial statements is:A.Misrepresentation of events, transactions, and other significant events in the financial statements
  • B.Failure to provide adequate documentation to support financial statements assertions
  • C.Aggressive accounting for transactions, events, or other significant matters
  • D.Misappropriation of assets

Question 4 of 40

2.5 Points

  • Confidential client information can be disclosed outside the entity without violating the AICPA Code of Professional Conduct in each of the following situations except when:A.It is reported to the SEC under Section 10A of the Securities Exchange Act
  • B.It is to comply with the Private Securities Litigation Reform Act
  • C.It protects the auditor's accounting for fraud and illegal acts
  • D.It is allowed for under the Dodd-Frank Financial Reform Act

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