Question 9 of 40

• The Groupon case deals with all but the following issues:
• A.Improperly estimated customer returns
• B.Improper recognition of gross revenue
• C.Used a new innovative metric of "Adjusted Consolidated Segment Operating Income"
• D.Blamed material weakness on their auditors EY

Question 10 of 40

• The main reason the PCAOB has charged Chinese affiliates of U.S. audit firms with failing to provide sufficient documentary evidence of audits of Chinese companies listed on U.S. exchanges is:
• A.Audit firms are unable to gather sufficient competent evidential matter
• B.Audit firms are not knowledgeable enough about Chinese accounting standards
• C.Chinese regulatory agencies can be uncooperative in providing access to PCAOB regarding their inspections of audit documents
• D.Chinese regulatory agencies conduct inspections of the audit documents of the firms