Betty wants to know how much she should begin saving each month to fund her retirement. What kind of problem is this?

A CPA concludes that the unaudited financial statements of an issuer on which the CPA is disclaiming an opinion are not in conformity with generally accepted accounting principles (GAAP) because management has failed to capitalize leases. The CPA suggests appropriate revisions to the financial statements, but management refuses to accept the CPA's suggestions. Under these circumstances, the CPA ordinarily would

A. Express limited assurance that no other material modifications should be made to the financial statements. B. Restrict the distribution of the CPA's report to management and the entity's board of directors. C. Issue a qualified opinion or adverse opinion depending on the materiality of the departure from GAAP. D. Describe the nature of the departure from GAAP in the CPA's report and state the effects on the financial statements, if practicable.

The School of Business at a regional university was the first part of the institution to adopt CRM. Two years later, the initiative was quietly dropped. One possible cause for the failure was:

A. Total buy-in by the staff and administrators B. Simplification of procedures as a result of CRM C. Training D. Focus on software that met the goals E. Lack of management initiative