While Reviewing the Books at His Firm, Chad Cooper Noticed

question 37

Multiple Choice

While reviewing the books at his firm, Chad Cooper noticed discrepancies between how the firm recorded revenues last year and how it elected to record revenues during the recent quarter of the current year. As a recent business graduate, Chad felt confident that the changes needed clarification. To get another opinion, Chad suggested to the company's controller that the firm solicit _______________.

• A) the assistance of the Government Accounting Standards Board.
• B) the services of a certified internal auditor.
• C) the services of a senior executive at the IRS.
• D) the services of an independent auditor.

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Definitions:

Warka Vase

An ancient Sumerian carved alabaster stone vessel found in Uruk (modern Warka, Iraq), dating to around 3200 BC and considered one of the earliest known examples of narrative relief.

Stele Of The Vultures

An ancient Sumerian limestone monument from the Early Dynastic III period, depicting a military victory of the city-state of Lagash over its neighbor Umma.

Standard Of Ur

An ancient Sumerian artifact from the city of Ur, featuring intricate inlays depicting scenes of war and peace on its two sides; believed to date back to the Early Dynastic Period.

Urban Life

The way of life characteristic of cities and towns, often involving diverse populations, cultural activities, and economic opportunities.