Bill Is a Public Accountant Auditing Expo Corporation

question 56

Multiple Choice

Bill is a public accountant auditing Expo Corporation.Based on information in Expo's confidential records,Bill recommends the purchase of Expo stock to his brother.

• A) Bill is involved in insider trading prohibited by the SEC.
• B) Bill's brother has no direct connection to Expo Corporation and therefore his purchase of the stock is not prohibited by insider trading laws.
• C) Bill is not an insider because he is not an officer or employee of Expo Corporation
• D) If Bill told a non-relative who purchases Expo stock, no insider trading laws would be violated.

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Definitions:

Process Consultation

A form of organizational development advice focusing on improving group dynamics and operational processes.

Mediation

A form of conflict resolution where a neutral third party assists the disagreeing sides to reach a mutually acceptable agreement.

Effective Mediation

The process through which a neutral third party facilitates communication and negotiation between disputing parties to reach a mutually acceptable solution.

The Parties

The individuals, groups, or entities that are directly involved in a negotiation, conflict, or agreement.