When the EPA finds a violation, it issues a Notice of Violation through the appropriate regional office. If a violation continues for more than 30 days after the notice is issued, the EPA may The accountant-client testimonial privilege A. Extends to the accountant's working papers in most states. B. Is not recognized by the common law. C. Extends to any part of a confidential communication not voluntarily submitted. D. Is essentially the same as the attorney-client privilege. Delivery of the insurance contract may affect the timing of its formation depending on the nature of the coverage sought and the intent of the parties. Which of the following statements is true? A. Delivery is necessary because insurance contracts must be written. B. Delivery is necessary under general contract law. C. Delivery of a property insurance policy is generally not required. D. Delivery of a life insurance policy is generally not required. Which of the following is a false statement about types of insurance companies? A. In a mutual insurance company, the policyholders are both the insureds and insurers. B. A stock company is organized by subscribers who make an initial capital investment in the corporation. C. Mixed companies are limited to sales of life and health insurance. D. If a mutual insurance company is operated at a profit, the surplus is distributed to the ownercustomers as rebates against premiums thus far charged. Which of the following is the best statement about the standards of care that must be followed by auditorCPAs? A. Failure of an auditor-CPA to follow the custom of the profession is negligence per se. B. The auditor-CPA is not negligent if audited financial statements were presented in accordance with generally accepted accounting principles. C. Failure to discover a material embezzlement results in automatic liability unless an auditor-CPA has expressed at least a qualified opinion. D. An auditor-CPA must adhere to higher professional standards when issuing a disclaimer of opinion on financial statements that (s)he has audited than when (s)he performs procedures on unaudited financial statements. When the EPA finds a violation, it issues a Notice of Violation through the appropriate regional office. If a violation continues for more than 30 days after the notice is issued, the EPA may The accountant-client testimonial privilege A. Extends to the accountant's working papers in most states. B. Is not recognized by the common law. C. Extends to any part of a confidential communication not voluntarily submitted. D. Is essentially the same as the attorney-client privilege. Delivery of the insurance contract may affect the timing of its formation depending on the nature of the coverage sought and the intent of the parties. Which of the following statements is true? A. Delivery is necessary because insurance contracts must be written. B. Delivery is necessary under general contract law. C. Delivery of a property insurance policy is generally not required. D. Delivery of a life insurance policy is generally not required. Which of the following is a false statement about types of insurance companies? A. In a mutual insurance company, the policyholders are both the insureds and insurers. B. A stock company is organized by subscribers who make an initial capital investment in the corporation. C. Mixed companies are limited to sales of life and health insurance. D. If a mutual insurance company is operated at a profit, the surplus is distributed to the ownercustomers as rebates against premiums thus far charged. Which of the following is the best statement about the standards of care that must be followed by auditorCPAs? A. Failure of an auditor-CPA to follow the custom of the profession is negligence per se. B. The auditor-CPA is not negligent if audited financial statements were presented in accordance with generally accepted accounting principles. C. Failure to discover a material embezzlement results in automatic liability unless an auditor-CPA has expressed at least a qualified opinion. D. An auditor-CPA must adhere to higher professional standards when issuing a disclaimer of opinion on financial statements that (s)he has audited than when (s)he performs procedures on unaudited financial statements