In Addition to Attestation and Assurance Services, CPA Firms Provide

question 58

Essay

In addition to attestation and assurance services, CPA firms provide other services to their clients. List three of these services.

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Definitions:

Back Alimony

Past due alimony payments that have not been paid as agreed in a divorce or separation agreement.

Guaranteed Student Loans

Loans for educational purposes that are backed by governmental or private entities, ensuring repayment to lenders in case of default.

Intentional Tort

A wrongful act done deliberately, which causes harm to another person, and for which the victim may sue the perpetrator.

Restricted Securities

Stocks, bonds, or other securities that are not freely tradable on the open market due to regulatory restrictions or the holding period requirements.