Which One of the Following Statements Is False

question 127

Multiple Choice

Which one of the following statements is false?

• A) Confidentiality is broken when an auditor is presented with a subpoena concerning an audit client.
• B) Information that a CPA obtains from a client is generally not privileged.
• C) When a CPA firm conducts an AICPA-authorized peer review of the quality controls of another CPA firm, permission of the client is not needed to examine audit documentation.
• D) A CPA firm which observes substandard audit documentation of another firm during a peer review can initiate a complaint to the AICPA.

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Definitions:

Blogs

Web pages or sites that are regularly updated and managed by an individual or small group, often focused on a single subject or a range of topics.

Paid

Refers to content or advertising that is paid for to promote a product, service, or brand on various platforms.

Owned

Refers to media channels that a brand controls directly, such as their websites, blogs, or email newsletters.

Earned

Refers to something obtained or achieved through effort or work, rather than inherited or given by default.