A Corporation May Exempt Itself from Audit Only If

question 42

Multiple Choice

A corporation may exempt itself from audit only if

• A) qualified examiners review the books.
• B) the director agrees.
• C) a civil action has been brought.
• D) all the shareholders agree.
• E) an ultra vires declaration action has commenced.

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Definitions:

Autism

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted and repetitive behavior.

Dyscalculia

A learning disability that affects a person's ability to understand numbers and perform mathematical operations.

Learning Disorder

A neurological condition that affects an individual's ability to receive, process, or communicate information, often impacting educational achievement.

Asperger Syndrome

A condition on the autism spectrum characterized by difficulties in social interaction and nonverbal communication, alongside restricted and repetitive patterns of behavior and interests.