Which of the following statements concerning an accountant's disclosure of confidential client data is ordinarily true?
a. Disclosure may be made to any state agency without subpoena
b. Disclosure may be made to any party on consent of the client
c. Disclosure may be made to comply with an IRS audit request
d. Disclosure may be made to comply with generally accepted accounting principles
Ans: b. Disclosure may be made to any party on consent of the client
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Kershaw Mfg. depreciates using the straight-line method for financial statement purposes and an accelerated method for tax purposes. The cumulative difference between the two methods grew in the current year. Which of the following is MOST LIKELY TO BE TRUE ?
a. Kershaw reports a deferred tax liability. b. Kershaw reports neither a deferred tax asset nor a deferred tax liability. c. Kershaw reports a deferred tax asset
How can you determine whether the CSR efforts reflect genuine beliefs or serve a marketing purpose?
A) CSR initiatives are aligned with the organization's strategy B) The amount of money committed to the CSR initiatives has a positive correlation with the value the company places on CSR C) Organizations with genuine beliefs in CSR will involve their employees in the projects because of the personal benefits working on the initiative provide D) If companies heavily advertise their CSR initiatives, their commitment is probably only to the marketing aspect