Relying on Employee Referrals Can Result in Systemic Discrimination

question 64

True/False

Relying on employee referrals can result in systemic discrimination.

Identify the role and impact of regulatory bodies and legislation on professional conduct and liability.

Understand the legal liabilities and responsibilities of accountants under the Securities Exchange Act of 1934 and the Securities Act of 1933.

Identify the conditions under which accountants can be held liable for fraud and misrepresentation in financial reporting.

Describe the legal consequences of preparing or assisting in the preparation of false tax returns as stipulated by the Internal Revenue Code.

---

Definitions:

Lack of Loyalty

Refers to the absence of allegiance, commitment, or fidelity in relationships, such as between an employee and employer.

Virtual Organization

A company that operates and collaborates through electronic means, often without a physical presence.

Boundaryless Organization

A type of company structure that eliminates traditional barriers between departments as well as barriers between the organization and the external environment.

Functional Organization

An organizational structure where the company is divided into departments based on their functions or specialties, such as marketing, finance, and operations.