According to the IFAC's Code of Ethics for Professional Accountants section on professional appointment,
a. The existing accountant must discuss relevant matters with the proposed accountant
b. The fundamental principle of independence requires the accountant to provide only the services for which (s)he has the needed expertise
c. Before accepting a new engagement, the accountant should have assurance that the work can be completed without the help of others
d. An accountant generally needs the client's permission to communicate with the current accountant
Ans: d. An accountant generally needs the client's permission to communicate with the current accountant
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KFC sells Youtiao, a kind of Chinese doughnut, at its outlets in China. The Youtiao is considered an important part of a Chinese breakfast menu. In marketing terms, KFC is practicing a _____ strategy.
A. positioning B. localization C. segmentation D. indigenous E. brand
Use the information in Scenario 9.4. The purchasing manager decides that, in order to save purchasing time, orders for the Smooth Shifter will be placed once a month, or twelve times per year
How much does this approach cost Mwongola in additional annual holding and ordering costs (instead of Mwongola ordering using the EOQ quantity)? A) more than $500 B) more than $200 but less than or equal to $500 C) more than $50 but less than or equal to $200 D) less than or equal to $50