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The PCAOB can impose the following sanctions except: a. Monetary damages. b. Suspension of firms and accountants from engagements for publicly traded companies. c. Referral

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The PCAOB can impose the following sanctions except: a. Monetary damages. b. Suspension of firms and accountants from engagements for publicly traded companies. c. Referral of criminal cases to the Justice Department d. Fire employees guilty of violation. Henry Jones, CPA accepted the audit engagement of Banks Company, During the audit, Jones became aware of his lack of competence required for the engagement. What should Jones do? a. Issue a disciaimer. b. Issue an adverse opinion c. Suggest that Banks Company engage another CPA to perform the audit. d. Rely on the competence of his firms' client personnel. The PCAOB can impose the following sanctions except: a. Monetary damages. b. Suspension of firms and accountants from engagements for publicly traded companies. c. Referral of criminal cases to the Justice Department d. Fire employees guilty of violation. Henry Jones, CPA accepted the audit engagement of Banks Company, During the audit, Jones became aware of his lack of competence required for the engagement. What should Jones do? a. Issue a disciaimer. b. Issue an adverse opinion c. Suggest that Banks Company engage another CPA to perform the audit. d. Rely on the competence of his firms' client personnel

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