What Does Section 206 of Title II Prevent a Public-Accounting

question 16

Multiple Choice

What does Section 206 of Title II prevent a public-accounting firm from doing?

• A) Auditing a client if the CEO, chief accountant, or chief financial officer of the client worked for the public accounting firm and participated in auditing if that client in the previous 12 months from the beginning of the audit.
• B) Hiring the CEO, chief accountant, or chief financial officer if the client worked for the public accounting firm and participated in auditing of that client in the 12 months after the beginning of the audit.
• C) Having direct telephonic or E-mail communications with the CEO, chief accountant, or chief financial officer if the client worked for the public accounting firm and participated in auditing of that client in the previous 12 months from the beginning of the audit.
• D) Publishing their findings in the audit to the SEC for public inspection by other corporations.

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Definitions:

Reliability

The degree to which the results of a measurement or test are consistent and repeatable under similar conditions.

Sociologists

Scholars who study social behavior, structures, and functions, and how they influence human interactions and societal development.

Census Data

Systematically collected information about populations, usually including demographic, economic, and social data, gathered through a census.

Official Statistics

Data collected, analyzed, and published by governmental agencies to provide quantitative or factual information on the economic, demographic, and social conditions.