If a CPA Provides Professional Services to a Large Corporation,it

question 19

Multiple Choice

If a CPA provides professional services to a large corporation,it should discuss confidential client information:

• A) Only with the corporation's Audit Committee and General Counsel
• B) Only with the corporation's Audit Committee and Board of Directors
• C) Only with the corporation's General Counsel to preserve the attorney-client privilege concerning such communications
• D) With any corporate employee who, in the CPA's professional judgment, is an appropriate recipient of such information

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Definitions:

Commodity

A raw material or primary agricultural product that can be bought, sold, or traded, often interchangeable with other commodities of the same type.

Quartz

A hard, crystalline mineral composed of silicon dioxide, common in many rock types and valued for its clarity and variety of colors.

Sulfide Minerals

Minerals composed of sulfur combined with a metal or semimetal, often associated with the formation of ores.

Impermeable Rocks

Rocks that do not allow water to pass through them due to lack of porosity or permeability.