The Grantor of the Right to Practice Public Accounting

question 51

Multiple Choice

The grantor of the right to practice public accounting.

• A)AICPA
• B)PCAOB
• C)Securities Exchange Commission
• D)Form 10-k
• E)IAASB
• F)Form S-1
• G)Due professional care
• H)Limited Liability Partnership
• I)Professional Corporation
• J)Limited Liability Company
• K)Peer review
• L)1933 Securities Act
• M)1934 Securities Act
• N) Form 8-k
• O) State Regulation
• P) Code of Professional Conduct
• Q) Quality Control Standards
• R) GAAS Standards

---

Definitions:

Caveat Emptor

Latin for "let the buyer beware," indicating that the buyer assumes the risk for the quality and condition of goods purchased unless protected by warranty.

Sale of Goods Act

Legislation governing the sale of goods, prescribing the rights and duties of buyers and sellers.

Competition Bureau

A governmental agency responsible for enforcing laws to ensure fair competition, preventing monopolies, and promoting consumer interests.

Law Enforcement

The activity of ensuring compliance with the laws of a jurisdiction, typically conducted by police and other agencies.