Each of the Following Is an Outright Restriction on Providing

question 73

Multiple Choice

Each of the following is an outright restriction on providing nonattest services for an attest client except for:

• A) Tax services
• B) Financial information systems design and implementation
• C) Appraisal or valuation services
• D) Internal audit outsourcing services

---

Definitions:

Foreign Exchange Hedge

A financial transaction implemented to protect an investment or business operation from adverse movements in exchange rates.

Foreign Currency Futures

Financial contracts to exchange currencies on a specified future date at a predetermined price.

Forward Exchange Contract

An agreement to exchange currency at a future date at a predetermined rate.

Cash Flow Hedge

A type of financial hedge that protects against exposure to cash flow risk or uncertainty from variable cash inflows or outflows.