Due to the Conflict of Interest Rules,a CPA May

question 11

Multiple Choice

Due to the conflict of interest rules,a CPA may:

• A) Not provide professional services to two companies in the same industry
• B) Not provide professional services to two companies who do business with one another
• C) Not provide professional services to two companies who do business with one another if the sales or services are material in amount to one of the parties
• D) Generally provide professional services to two companies who do business with one another, even if the sales or services are material in amount to one or both parties

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Definitions:

Haitian Revolution

A successful anti-slavery and anti-colonial insurrection by self-liberated slaves against French colonial rule in Saint-Domingue, now the sovereign nation of Haiti, from 1791 to 1804.

Thomas Jefferson

The third President of the United States (1801-1809), principal author of the Declaration of Independence (1776), and one of the most influential Founding Fathers for his promotion of the ideals of democracy and republicanism.

Independent Nation

A sovereign state with complete autonomy and self-governance, not controlled by any foreign power.

Whiskey Rebellion

A tax protest in the United States in the 1790s, the first major challenge to the new government's authority, showing federal power by quelling the rebellion.