Which of the Following Is an Example of a Direct

question 68

Multiple Choice

Which of the following is an example of a direct effect illegal act that could be performed by a client? Violation of

• A)environmental protection laws for the production facility.
• B)insider securities trading regulations by senior management.
• C)employment equity laws for a large group of non-unionized employees.
• D)income tax laws and incorrect calculation of income taxes payable.

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Definitions:

Rules-Based

A system or approach that is guided by a set of established rules or standards.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board that guide the financial reporting of companies globally.

Rise

An increase in a metric or quantity, often used in financial contexts to indicate growth or upward movement in value.

IFRS

International Financial Reporting Standards, a set of accounting rules prescribed for financial reporting on an international level.