The IEEE 802.3 protocol standard is also known as the ________

In theory using the same discount rate to evaluate all projects can lead to

A) rejection of low risk projects that should be accepted. B) acceptance of high risk projects that should be rejected. C) control of efforts by employees with a vested interested in a project to manipulate the discount rate. D) all of the above.

Which of the following situations is not one where the practitioner will modify the standard compilation report?

a. There is an omission of disclosures for the compilation. b. A compilation report is not required c. The practitioner lacks independence. d. An understanding of internal controls cannot be obtained.