A Few Years Ago, Before the Various Accounting Groups Merged

question 130

Multiple Choice

A few years ago, before the various accounting groups merged, the Certified General Accountants challenged the rule that in Quebec only Chartered Accountants could have auditing rights. This was an example of a dispute about

• A) protectionist tariffs.
• B) revenue tariffs.
• C) the Agreement on Internal Trade.
• D) money laundering.
• E) federal/provincial revenue sharing.

---

Definitions:

Divorced

The legal dissolution of a marriage by a court or other competent body.

Proceeds

The total amount of money received from a sale or transaction.

Replacement Cost

The amount of money required to replace damaged or lost assets with new ones of the same or similar quality.

Coinsurance Clause

A provision in insurance policies that requires both the insurer and the insured to share the costs of claims according to a fixed percentage.