An Alternative Practice Structure Can Best Be Described As

question 76

Multiple Choice

An alternative practice structure can best be described as:

• A) A form of ownership where a CPA firm owns a public company and audits that company
• B) A form of structure where a public company provides nonattest services for a client that is also provided with attest services by an affiliate of the public company
• C) A form of structure where a CPA firm provides nonattest services for a client that is also provided with attest services by a public company
• D) A form of structure other than LLP and LLC

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Definitions:

5Ss

A Lean production checklist.

Lean Production

An organized approach to reducing waste in a production system while maintaining output levels.

Waste Reduction

The process of minimizing waste generation by using fewer resources and recycling or reusing materials whenever possible.

Inventory

Items or products that are held by a business for the purpose of sale or production, including raw materials, work in progress, and finished goods.