Question 38 of 40

2.5 Points

The CPA firm that became involved in tax shelter controversies with the IRS is:

• A. Ernst & Young

• B. Deloitte & Touche

• C. PricewaterhouseCoopers

• D. KPMG

Question 39 of 40

2.5 Points

One of the differences between the ethical obligations of CPAs and lawyers is:

• A. Lawyers are obligated first and foremost to the public interest while CPAs are obligated to their clients' interests

• B. Lawyers are obligated first and foremost to the client's interest while CPAs are obligated to the public interest

• C. Lawyers and CPAs both must be independent of their clients

• D. Lawyers and CPAs must exercise objective judgment..

Question 40 of 40

2.5 Points

The Navistar International case examines:

• A. Whether Deloitte followed all provisions of the AICPA Code

• B. Whether PwC followed all provisions of the AICPA Code

• C. Recording of revenue in the proper period

• D. Recording of round-trip transactions