The Final Cash Amount on the Statement of Cash Flows

question 64

True/False

The final cash amount on the statement of cash flows must match the cash balance shown on the balance sheet.

Identify the conditions under which accountants can be held liable to third parties and understand the scope of accountant-client privilege.

Describe the elements of and remedies for breach of contract in the context of accounting services.

Understand the implications of the Sarbanes-Oxley Act on the accounting profession and regulatory compliance.

Recognize the circumstances under which accountants may face civil or criminal liability for securities laws violations.