Throughout the world, the foreign exchange market is open for business only during the hours of 9 A.M. to 3 P.M., Pacific Standard Time.

The founders of the U.S. thought the plight of debtors was so important that they included a

provision in the U.S. Constitution on bankruptcy. Indicate whether the statement is true or false

The most common case in which conditions beyond the client's and auditor's control cause a scope restriction in an engagement is when the

A) auditor is not appointed until after the client's year-end. B) client won't allow the auditor to confirm receivables for fear of offending its customers. C) auditor doesn't have enough staff to satisfactorily audit all of the client's foreign subsidiaries. D) client is going through Chapter 11 bankruptcy.