Which of the following statements are correct regarding the SECs rules for the dismissal of an auditing

Question:

Which of the following statements are correct regarding the SEC’s rules for the dismissal of an auditing firm?

I. The client must file a statement with the SEC within five days specifying all the reasons for the change. ‘

II. The auditor must file a statement with the SEC stating whether the auditor agrees with management's statenient.

III. Both the auditor and the client must comment on whether there were any significant disagreements on accounting principles.

a. I and II above

b, I

c. III

d. I, II, and III

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing Concepts For A Changing Environment With IDEA Software

ISBN: 9780324180237

4th Edition

Authors: Larry E. Rittenberg, Bradley J. Schwieger

See More Books

Question Posted: May 07, 2024 05:00 AM

See More Questions

Multiple Choice Questions 1. In determining the primary responsibility of the external auditor for the audit of a companys financial statements, the auditor owes primary allegiance to a. The...
1. Which of the following would an auditor most likely use in making preliminary judgments about materiality? a. The anticipated sample size of the planned substantive tests. b. The entity's...
1. The SEC has issued independence rules that differ from the AICPA's in all of the following areas except: (Points : 1) Working paper documentation. Provision of other professional services. Human...
E. Blood Flow Through the Kidneys Trace blood flow through the kidneys. Start at the renal artery and number the blood vessels in sequence. afferent arteriole arcuate artery arcuate vein efferent...
(a) How many of the 9000 four-digit integers 1000, 1001, 1002,..., 9998, 9999 have four distinct digits that are either increasing (as in 1347 and 6789) or decreasing (as in 6421 and 8653)? (b) How...
Brendon is a Carpenter by profession and has a successful business. Brendon was approached by Chris to build a double-story house. All the house plans were approved by the local Town Council and...
The equivalent transfer function for a closed-loop control system is (a) $\frac{K G(s)}{1+K G(s)}$ (b) $\frac{K G(s)}{1-K G(s)}$ (c) $\frac{1+K G(s)}{K G(S)}$ (d) $\frac{1-K G(s)}{K G(s)}$
The total owners equity is usually under a number of subcaptions on the corporations balance sheet. Required: a. List the major subdivisions of the stockholders equity section of a corporate balance...
Bao had $72,168 of income from wages and $201 of taxable interest. Bao also made contributions of $2,300 to a tax-deferred retirement account. Bao has 2 dependents and files as head of household....
A thorough understanding of the business and the risks facing the business will help the auditor assess all of the following except: a. Significant accounting estimates (e.g., warranty liabilities or...
Explain how each of the following broad concepts affects the nature and amount of audit evidence gathered: Relevance Persuasiveness Sufficiency Relationship among procedures
How is schedule management different when using an agile approach?
Describe specific cultural beliefs around PARKISON DISEASE and how the treatment and management of the disease might be affected by cultural beliefs. Identify strategies that can be used to promote...
In the context of programming, UML class diagrams provide an overview of your programming goal without wrapping yourself around the metaphorical axle. UML class diagrams list the two essential...
Convert the following to vertex form. f(x) = (x+2)(x+4) Make sure to write your answer in function form, i.e., f(x) = ...
Context/Scenario In the last few years, employee well-being has become an increasingly critical issue in people management.Organisations which have not paid sufficient attention to this issue risk...
Consider the function: f = 68x4 +12x-2x + 9x+3. (a) Using MATLAB, estimate f(x) over the interval 1x3 in increments of 0.02 using a base point of x = 1 and a: first-order Taylor series approximation...
Find the rate of conduction heat transfer through a 1.5 cm thick hardwood board, k = 0.16 W/m K, with a temperature difference between the two sides of 20oC.
The unadjusted trial balance of Secretarial Services is as follows: SECRETARIAL SERVICES Unadjusted Trial Balance as at 31 December 2017 Account Debit Credit Cash at bank Office supplies Prepaid...
Link two articles from a trade journal in your field and discuss them in a short paper...
In "The Only fit food for a man is half a lemon: Kafka's Plea and Other Culinary Aberrations" by Steven G. Kellman explores how food acts as a marker of identity, as well as a marker of morality and...
1. Describe how recognition can be both positive and negative 2. What is Innis' theory of "bias" and how does it relate to mass media? 3. Describe what an inference is and how this can relate to...

Which of the following statements are correct regarding the SECs rules for the dismissal of an auditing

Question:

Step by Step Answer:

Auditing Concepts For A Changing Environment With IDEA Software

Students also viewed these Business questions