Which of the Following Would Be a Violation of the Rule

question 28

Multiple Choice

Which of the following would be a violation of the rule requiring "objectivity" by the CPA?
I.The auditor accepts management's opinion regarding the collection of accounts receivable without an independent evaluation.
II.In preparing a client's tax return, the CPA encourages a client to take a deduction for which there is no support.

• A)I only
• B)II only
• C)I and II
• D)Neither I nor II

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Definitions:

Full-Fare Ticket

A type of airline or travel ticket that has no restrictions and is often refundable, representing the highest fare category.

Expected Value

The long-run average value of repetitions of the experiment it represents, essentially a mean of a random variable in probability and statistics.

Probability

The quantification of the probability of an event happening, expressed as a numeric value ranging from 0 to 1.

Hurdle Rate

The minimum rate of return on an investment required by a manager or investor to proceed with the project.