Michael Has Been Approached by the CEO of an Audit

question 36

Multiple Choice

Michael has been approached by the CEO of an audit client and offered two tickets to the FIFA tournament during the Rio 2016 Olympic Games.The CEO knows that Michael's wife is from Rio and thought this was a nice way to thank him for twenty-years of excellent professional services.From an ethical perspective in deciding whether to accept the gift Michael should consider whether:

• A)He has the time and money to travel to Rio for the games
• B)Threats created by the gifts are at an acceptable level
• C)The audit has been completed for the current year
• D)Nonaudit services are also provided for the client

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Definitions:

Dermal Papilla

Small, nipple-like extensions of the dermis into the epidermis that supply blood and nourishment to the epidermal layer.

Hypodermis

The deepest layer of the skin, containing fat and connective tissue, providing insulation and cushioning to the body.

Reticular Layer

The deep layer of the two in the dermis of the skin, which supports the skin's structure.

Merkel Cells

Specialized epidermal cells found in the skin that are involved in the sensation of touch and pressure.