Which of the Following Activities Would NOT Be Included in the Role

question 23

Multiple Choice

Which of the following activities would NOT be included in the role of an accountant in public practice?

• A)internal auditing
• B)external auditing
• C)liquidation
• D)tax planning

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Definitions:

False Statements

A statement that is not true or does not accurately reflect reality.

Unconscionable

Describing an act or behavior that is excessively unfair, unreasonable, or unjustifiable according to moral or legal standards.

Procedurally Unconscionable

Procedurally unconscionable refers to a condition where the manner in which a contract was formed was unfair or oppressive, typically due to issues like a lack of negotiation or meaningful choice.

Illegal Wagering Agreement

An agreement that involves betting or gambling which is not sanctioned by law, making it unenforceable and illegal.