Which of the Following Statements Is True of Accountants

question 64

Multiple Choice

Which of the following statements is true of accountants?

• A) Accountants cannot be hired to perform nonaudit services.
• B) Accountants cannot be held liable by provisions of common law.
• C) Accountants can be held liable to clients but not to third parties.
• D) Accountants who lack certified public accountant (CPA) certification are called public accountants.

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Definitions:

Specialized Roles

Positions or tasks within an organization or team that require specific skills, knowledge, or expertise unique to that role.

Superordinate Goals

Are shared goals that can only be achieved through cooperation among individuals or groups, often used to resolve conflicts and foster unity.

Cross-functional Teams

Teams composed of members from different departments or functional areas, collaborating towards a common goal.

Technical Training

Education and training focused on acquiring specific skills and knowledge related to a particular field or technology.