Creation of the PCAOB Was an Important Event in the Development

question 23

Multiple Choice

Creation of the PCAOB was an important event in the development of the accounting profession because it altered the accounting profession's historical policy of self-regulation in the area of:

• A) Internal auditing
• B) Tax return preparation
• C) Tax advocacy on behalf of clients accused of fraud
• D) External auditing of publicly-traded companies

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Definitions:

Time-Out

A disciplinary technique used to remove a child from an environment where inappropriate behavior has occurred, to encourage reflection and calm down.

Instrumental Aggression

Hurtful behavior that is intended to get something that another person has.

Retaliation

A form of response aimed at returning harm for harm; often used in contexts of conflict or competition, whether personal, legal, or military.