A CPA Would Violate the Due Care Principle If He/she

question 75

Multiple Choice

A CPA would violate the Due Care Principle if he/she:

• A) Undertook a professional engagement without having the requisite background, knowledge and experience.
• B) Specializes in the industry of the client, even offering training classes for other accounting firms on the industry.
• C) The accounting firm uses two external partner reviews on high risk audits or clients.
• D) Performs tax services for an audit client with audit committee approval.

Recognize how emotional labor requirements differ among jobs and the potential outcomes on employee well-being.

Grasp the four dimensions of emotional intelligence and the possibility of its development over time.

Identify the factors contributing to job satisfaction and how they influence employee performance and organizational outcomes.

Differentiate between the types of organizational commitment and understand their implications on employee behavior.

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Definitions:

Default

The failure to fulfill a legal obligation, especially the failure to pay back a loan according to the agreed-upon terms.

Beneficiary

An individual or entity entitled to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.

Land Contract

A conditional agreement for the sale and purchase of real estate in which the legal title to the property is retained by the seller until the purchaser has fulfilled the agreement, usually by completing the payment of the agreed-on purchase price.

Legal Title

The official right to ownership of property or assets, recognized and protected by law.