A Violation of the Profession's Ethical Standards Would Least Likely

question 11

Multiple Choice

A violation of the profession's ethical standards would least likely have occurred when a CPA in public practice:

• A)used a records-retention agency to store the CPA's working papers and client records.
• B)served as an expert witness in a damage suit and received compensation based on the amount awarded to the plaintiff.
• C)referred life insurance assignments to the CPA's spouse, who is a life insurance agent.
• D)failed to file his personal tax return.

Understand the concept of prototypes and their role in categorization.

Comprehend the various problem-solving strategies: insight, algorithms, and heuristics.

Recognize the influence of cognitive biases and heuristics on decision-making and judgments.

Distinguish between different types of cognitive heuristics: availability, representativeness, and belief perseverance.