Processing logic is often expressed in ________, which is independent of the actual programming language being used

Suppose that the $1 billion of collateral in Question 14 was divided into a PAC bond with a par value of $800 million and a support bond with a par value of $200 million

Will the PAC bond in this CMO structure have more or less protection than the PAC bond in Question 14?

Under the AICPA independence rules, independence can be considered impaired when

A) billed fees remain unpaid for professional services for more than ninety days. B) a client in bankruptcy has unpaid fees for more than one year. C) there is litigation by the client related to the auditor's tax or other nonaudit services for an immaterial amount. D) there is a lawsuit by the client claiming deficiencies in the previous year's audit.