Fruit Flavors Online Inc. plans to issue $5,000,000 of commercial paper with a 6-month maturity at 97% of par value. What is the 6-month interest rate?

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

On February 13, Year 2, Fox, CPA, met with the audit committee of the Gem Corporation to review the draft of Fox's reports on the company's financial statements as of and for the year ended December 31, Year 1. On February 16, Year 2, Fox completed all remaining field work and obtained sufficient appropriate evidence to support the opinion on the financial statements. On February 28, Year 2, the final report was mailed to Gem's audit committee. What date most likely would be used on Fox's report?

a. December 31, Year 1. b. February 13, Year 2. c. February 16, Year 2. d. February 28, Year 2.