A CPA's retention of client-provided records after a demand has been made for them is an action that is
a. Not addressed by the AICPA Code of Professional Conduct
b. Acceptable if sanctioned by state law
c. Prohibited under the AICPA Code of Professional Conduct
d. A violation of GAAS
Ans: c. Prohibited under the AICPA Code of Professional Conduct
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Which of the following is true?
a. The main focus of nonprofit marketing is to influence beliefs and attitudes b. For-profit marketing and nonprofit marketing use different management techniques c. Nonprofit marketing and for-profit marketing differ in terms of their environments d. Nonprofits are run by do-gooders who have limited interest in efficient management and a dismissive attitude toward those who do e. Working in the nonprofit sector is a poor career move for those who want to make "big money"
Unlimited liability for the owner is a problem for which of the following?
A) corporation B) limited partnership C) partnership D) sole proprietorship E) both C and D