A CPA Works at a Firm and Also Maintains a Private

question 52

Multiple Choice

A CPA works at a firm and also maintains a private practice as an expert witness for intellectual property cases.While at an audit client's office, he overhears a telephone conversation about a patent dispute and offers his services.When he takes the expert witness job, this position creates what type of threat to his professional ethics?

• A)Familiarity threat
• B)Advocacy threat
• C)Self-interest threat
• D)Self-review threat

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Definitions:

Cingulate Cortex

A part of the brain situated in the medial aspect of the cerebral cortex, which plays a role in emotion formation and processing, learning, and memory.

Alex the Parrot

A famous African Grey parrot known for his ability to communicate using more than 100 words, demonstrating complex cognitive skills like understanding concepts of numbers, colors, and shapes.

Counting

The action of finding the number of elements of a finite set of objects.

Indicating

The act of pointing out or showing something, often used in the context of data presentation or signaling.