Which of the following is true? a. Members of an audit engagement team cannot speak with audit

Question:

Which of the following is true?
a. Members of an audit engagement team cannot speak with audit client officers about matters outside the scope of the audit while the audit engagement is in progress.
b. Audit team members who leave the public accounting firm for employment with audit clients can provide audit efficiencies (next year) because they are very familiar with the firm’s audit plans.
c. Audit team partners who leave the public accounting firm for employment with audit clients can retain variable retirement accounts established in the person’s former firm retirement plan.
d. The public accounting firm must discuss with the audit client’s board or its audit commit-tee the independence implications of the client’s having hired the audit engagement team manager as its financial vice president.

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...