Term "impound" means:

Inconsistent application of accounting principles by the client is a GAAP violation and would result in a qualified audit report

a. True b. False Indicate whether the statement is true or false

What is the least accurate statement about formal proposals?

A) To be considered a formal proposal, it must be at least 100 pages long. B) Larger businesses may employ specialists who do nothing but write proposals. C) Proposals use standard components that enable companies receiving bids to compare "apples with apples." D) Smaller firms rely on in-house staff to develop proposals.