If a CPA Leaves a Job in Public Accounting to Commence

question 15

Multiple Choice

If a CPA leaves a job in public accounting to commence work as a member of a company's internal accounting staff,this CPA:

• A) No longer has to be concerned about conflicts of interest
• B) Still has to be concerned about conflicts of interest involving former clients as well as conflicts of interest arising at her new workplace
• C) Only has to be concerned about conflicts of interest involving her former clients because industry accountants are not subject to the AICPA's conflict of interest rules
• D) Does not have to be concerned about conflicts of interest that may arise between loyalty to her new employer and loyalty to her former employer

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Definitions:

Primary Appraisal

The initial evaluation process where an individual assesses the significance of a stressor as irrelevant, beneficial, or threatening.

Developmental Crisis

A period of intense difficulty, stress, or challenge that occurs as a person transitions through stages of growth and development.

Ineffective Denial

A defense mechanism where an individual refuses to accept reality or facts, leading to a lack of problem-solving and coping strategies.

Respite Care

Temporary relief for caregivers, providing a short-term break that allows them to rest and recharge.