The Lessons for Accountants That Are Inherent in the 1136

question 39

Multiple Choice

The lessons for accountants that are inherent in the 1136 Tenants' Corporation v.Rothenberg & Co.case include all of the following EXCEPT which one?

• A)Engagement letters are as essential for accounting engagements as they are for audit engagements.
• B)Regardless of the nature of the engagement,a public accountant should be alert for and should follow up on any unusual items such as missing invoices.
• C)Accountants should clearly communicate the extent of their association with financial information.
• D)Public accountants cannot be held liable to third parties in non-audit or review engagements.

---

Definitions:

Carbohydrate-containing Liquids

Liquids that include sugars or substances that can be broken down into sugars, providing energy to the body.

Adsorbents

Materials that bind molecules from a gas or liquid onto their surface.

Acute Diarrhea

A sudden onset condition characterized by the frequent passage of loose, watery stools that lasts for a few days.

Oral Rehydration Solution

A fluid replacement solution used to prevent and treat dehydration, especially due to diarrhea.