A CPA Who Informs Management of a Material Misstatement in the Financial

question 59

Multiple Choice

A CPA who informs management of a material misstatement in the financial statements can go to the SEC with his/her concerns if:

• A) The CPA informed the client of this matter and the client did not inform the SEC within one business day of being informed by the CPA
• B) The CPA informed the client of this matter and the client refuses to correct the financial statements
• C) The CPA informs the client of this matter and the client fires the CPA
• D) All of these

---

Definitions:

Paycheck

A document issued by an employer to an employee to pay for services rendered, typically reflecting the amount earned minus taxes and other deductions.

Stay-at-home Dads

Fathers who choose to stay at home to care for their children and manage household duties, challenging traditional gender roles.

High Paying Jobs

Occupations that offer a salary significantly above the average, providing financial security and often requiring specialized skills or education.

Education

The systematic process of facilitating learning, acquiring knowledge, skills, values, and attitudes through instructional methods and resources.