A CPA Who Informs Management of a Material Misstatement in the Financial

question 21

Multiple Choice

A CPA who informs management of a material misstatement in the financial statements can go to the SEC with his/her concerns if:

• A)The CPA informed client of this matter and the client did not inform the SEC within one business day of being informed of the CPA
• B)The CPA informed the client of this matter and the client refuses to correct the financial statements
• C)The CPA informs the client of this matter and the client fires the CPA
• D)All of the above

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Definitions:

Task Performance

Task performance involves the execution of actions necessary to complete a specified job or responsibility effectively.

Organizational Objectives

Goals or targets that an organization aims to achieve in a specific timeframe, guiding its overall direction and strategy.

Job Dissatisfaction

A negative feeling or attitude towards one's job, often resulting from unmet expectations, poor working conditions, or conflicts.

Work-Related Stress

The emotional and physical strain caused by the pressures and demands inherent in a work environment.