Describe what supervisors must do to comply with OSHA record-keeping requirements
What will be an ideal response?
To fulfill part of the requirements established under the OSH Act, supervisors in industries where a high percentage of accidents and injuries occur must maintain safety and health records. It's important to note, however, that organizations that are exempt from record-keeping requirement — such as universities and retail establishments — still must comply with the law itself; their only exception is the reduction of time spent on maintaining safety records. Supervisors in selected industries must complete OSHA Form 300 to record accidents, injuries, and illnesses that are job-related. This information is then used to calculate the organizations incident rate. According to the act, any work-related illness (no matter how insignificant) must be reported on Form 300. Injuries, on the other hand, are reported only when they require medical treatment (besides first aid), involve loss of consciousness or restriction of work or motion, or require transfer to another job.
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When the Federal Reserve purchases bonds from dealers, this:
a) adds liquidity to the financial system and ultimately results in the inter-bank interest rate rising b) subtracts liquidity from the financial system and ultimately results in the inter-bank interest rate rising c) subtracts liquidity from the financial system and ultimately results in the inter-bank interest rate falling d) adds liquidity to the financial system and ultimately results in the inter-bank interest rate falling
Thorp, CPA, was engaged to audit Ivor Co.'s financial statements. During the audit, Thorp discovered that Ivor's inventory contained stolen goods. Ivor was indicted and Thorp was subpoenaed to testify at the criminal trial in state court. Ivor claimed accountant-client privilege to prevent Thorp from testifying. Which of the following statements is most likely true regarding Ivor's claim?
a. Ivor can claim an accountant-client privilege only in jurisdiction that have enacted a statute creating such a privilege b. Ivor could claim an accountant-client privilege if a criminal tax case were brought in federal court c. The accountant-client privilege can be claimed only in civil suits d. The accountant-client privilege can be claimed only to limit testimony to audit subject matter