________ refers to a political system in which government is organized by and accountable to the people

Which of the following most likely would cause an auditor to consider whether a clients financial statements contain material misstatements?

a. management did not disclose to the auditor that is consulted with other accountants about significant accounting matters. b. the chief financial officer will not sign the management representation letter until the last day of the auditors field work c. audit trails of computer generated transactions exist only for a short time d. the results of an analytical procedure disclose unexpected differences

What is one consequence of breaches of ethics for firms and media outlets?

A) There are typically no consequences for breaches of ethics. B) The Sarbanes-Oxley Act requires that the CEO resigns. C) Consumers launch massive, punishing boycotts of these organizations. D) All publicity is good publicity: these companies actually gain consumer support. E) The reputation of the organization is negatively affected.