The Quarterly Reports Submitted to the SEC by the Client

question 59

Multiple Choice

The quarterly reports submitted to the SEC by the client:

• A) have to be audited and the CPA firm must be identified.
• B) do not have to be audited, but the CPA firm which does the year-end audit must be identified.
• C) have to be audited, but the CPA firm does not have to be identified.
• D) do not have to be audited, but the CPA firm which does the year-end audit must review the quarterly statements before they are submitted to the SEC.

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Definitions:

Reinforcement

In psychology, a process where a behavior is encouraged by rewards or discouraged by punishments, ultimately increasing the likelihood of that behavior recurring.

Esteem

The need all humans have to be respected by others as well as by themselves.

Self-actualization

The realization or fulfilment of one's talents and potentialities, considered as a drive or need present in everyone.

Motivation

The inward drive we have to get what we need or want.