Which COSO component of internal control concerns the process of identifying, capturing, and exchanging information in a timely fashion to enable accomplishment of the organization's objectives?
a. Control activities.
b. Information and communication.
c. Monitoring.
d. Control environment.
b
Business
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A CPA audits the financial statements of a local bank. According to the AICPA Code of Professional Conduct, the appearance of independence ordinarily is not impaired if the CPA
a. Serves on the bank's committee that approves loans b. Owns several shares of the bank's common stock c. Obtains a home mortgage from the bank d. Uses the bank's time-sharing computer service to solve client-related problems
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A need-satisfaction question can help move the sale forward
Indicate whether the statement is true or false
Business