Practice Quiz

Forensic Accounting

Category - Fundamental Forensic Knowledge

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CPA must accept every offer because:
  1. It is in accordance with generally-accepted accounting principles
  2. It leads to increased business
  3. Not every offer must be accepted
  4. It generates more profits
Explanation
Answer: C - Although an increase in business is of importance, the circumstances of every offer must be assessed prior to acceptance. There are instances when it is in the best interest of the practitioner to reject an offer.
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