Public Accountants Typically Perform All of the Following Tasks for a Business

question 44

Multiple Choice

Public accountants typically perform all of the following tasks for a business client EXCEPT

• A)tax planning.
• B)reviewing a firm's financial statements.
• C)developing the firm's marketing strategy.
• D)management consulting.

---

Definitions:

Mechanic's Lien

A security interest granted over an item of property to secure the payment of a debt or performance of some other obligation.

Judicial Lien

A legal claim on property obtained through the court system to secure payment of a debt or judgment.

Suretyship

A contract between a creditor and a third party who agrees to pay another person’s debt.

Guaranty

A type of contract which ensures that a third party is secondarily liable for the debt to be paid; similar to a suretyship.