Some have suggested eliminating the provision of Rule 203 of the AICPA’s professional ethics that permits non-conformance with GAAP if, in the opinion of the CPA, following GAAP would result in misleading financial statements. Thoroughly discuss the pros and cons of eliminating this provision of Rule 203 and present a convincing argument as to whether it should or should not be eliminated.
Please be sure to include scholarly research and support for your findings as you address the questions outlined above in your paper.

Answers

Answer 1

Answer:

Limited flexibility: Companies may have unique circumstances that make it difficult to conform to GAAP guidelines. Eliminating Rule 203 would limit their ability to present financial statements that accurately reflect their situation.

Explanation:


Related Questions

what is deviant behavior in crime​

Answers

Answer:

Deviant behavior is an action that voilate the social norms including a formally enacted rule (e.g., crime)..

HOPE THIS HELPS..

Which of the following is an example of a tax? cash payment line of credit Medicare
rental payment

Answers

Answer: A. Medicare

Example - the anwser is A my human friend

samantha was affluent and gave $6,000 to each of 1,000 needy individuals. someone told her that under the uniform estate and gift tax, she would have to pay a tax. were they correct?

Answers

Yes, the person who told Samantha about the uniform estate and gift tax was correct.

The uniform estate and gift tax is a federal tax on gifts and estates, and it applies to gifts of money or property that exceed a certain amount. In 2021, the annual gift tax exclusion is $15,000 per person, meaning that Samantha's gift of $6,000 to each of 1,000 individuals would exceed this amount and would therefore be subject to the gift tax. However, there are various exemptions and deductions available under the tax code, so it's possible that Samantha could minimize or eliminate her tax liability by working with a tax professional.

To know more about tax, visit:

https://brainly.com/question/12611692

#SPJ11

The Jordan Keys law firm represented the Greater Southeast Community Hospital of Washington, D.C., in a medical malpractice suit against the hospital. The hospital was self-insured for the first $1,000,000 of liability and the St. Paul Insurance Co. provided excess coverage up to $4,000,000. The law firm was owed $67,000 for its work on the malpractice suit when the hospital went into bankruptcy. The bankruptcy court ordered the law firm to release its files on the case to St. Paul to defend under the excess coverage insurance, and the Jordan Keys firm sued St. Paul for its legal fees of $67,000 expended prior to the bankruptcy under an “implied-in-fact contract” because the insurance company would have the benefit of all of its work. Decide. [Jordan Keys v. St. Paul Fire, 870 A.2d 58 (D.C.)] what is the answer?

Answers

The court decided in favor of St. Paul Fire and Marine Insurance Company.

What led the court to this decision to decide in favor of St. Paul Fire and Marine Insurance Company?

The court found that there was no implied-in-fact contract between Jordan Keys Jessamy LLP and St. Paul Fire and Marine Insurance Company.

The court found that the hospital and Jordan Keys Jessamy LLP had an express contract requiring the hospital to pay for legal work rendered by Jordan Keys Jessamy LLP. The court found that an implied contract cannot stand in the face of an express one.

Read more about court case here;

https://brainly.com/question/30552468
#SPJ1

10 points

Which of the following is NOT an option for committees to utilize with respect to a bill?
A recommend not passing
B. recommend passage of the bill
C. recommend passage after amending the bill
D recommend that the state supreme court decide the fate of the bill

Answers

Answer:

- recommend that the state supreme court decide the fate of the bill.

Explanation:

Recommend that the state supreme court decide the fate of the bill is NOT an option for committees to utilize with respect to a bill. Thus, option D is correct.

What is a committee?

Committees keep an eye on existing government activities, spot problems that warrant legislative scrutiny, compile and assess data, and suggest actions to take.

The option for parties to use with regard to a bill is NOT to recommend that the state's highest court judge the measure's destiny. So when the original chamber declines to accept the revisions made by the opposing chamber.  

The preside executives of every house may create a panel made up of five senators from every chamber to address the disagreements between forms of the resolution that were passed by the legislature. Therefore, option D is the correct option.

Learn more about committee, here:

https://brainly.com/question/11621970

#SPJ6

Critique community prosecution programs

Answers

By collaborating with local inhabitants to pinpoint and tackle crime-related issues, community prosecution programs endeavor to boost community participation in the criminal justice system.

What are some pitfalls?

Despite their apparent benefits, some criticisms towards these programs exist. One such issue is that they might accentuate current disparities and prejudices within the criminal justice system due to excessive reliance on law enforcement officials and prosecutors as program leaders.

Moreover, members of the community could possibly exhibit a greater tendency to report specific categories of crimes over others, consequently resulting in uneven law enforcement.

Lastly, there is a possibility that political motives supersede authentic efforts to enhance community safety when implementing community prosecution programs.

Read more about community prosecution programs here:

https://brainly.com/question/13058655

#SPJ1

If there is a rodent problem, what
would happen to the overall demand for
pet snakes?

Answers

Answer:

I'm pretty sure if you get a small snake that's non venomous and you don't have a problem with it then you might be able to get it. If you don't get that type of snake and you want a cool snake that's probably most likely venomous, your wish will not be granted because it's really risky and dangerous if you ask me. Just know you're probably going to get turned down for the cool snake you want 100% unless you have a license for them type of snakes, and you're well trained.

Explanation:

What’s your motivation for this study of church management system?

Answers

Answer:

Church management software is a tool that can help churches to run more efficiently, communicate with members, organize contact information, and oversee finances. It does through providing a set of features that aid administrative tasks.

Do interest groups create PACs?

Answers

In order to finance independent expenditures and other independent political action, super PACs (independent expenditure only political committees) are groups.

that may accept an unlimited amount of contributions from people, businesses, labor organizations, and other PACs. In order to finance independent expenditures, other advertisements that mention a federal candidate, and generic voter drives in federal elections, hybrid PACs (political committees with non-contribution accounts) must maintain a separate bank account and can accept unlimited contributions from individuals, corporations, labor groups, and other political committees. However, they are subject to all statutory amount limitations and source prohibitions.

learn more about PACs  here:

https://brainly.com/question/13037219

#SPJ4

Should the UK ratify the UN Convention on Contracts for the International Sale of Goods (CISG)?

Answers

Answer:a

Explanation:

A writer writes an original post and publishes it on their own blog. The writer then submits that same content to a customer on the verblio platform. Is this plagiarism?.

Answers

It is not plagiarism when a writer creates their own material for their own site. The answer is thus no.

What customer means?

Customer refers to an individual or business who makes a purchase from the other firm. Customers are crucial since they generate revenue. Without them, businesses would not continue to operate. These are the people and groups whose alignment towards your job is ideal (or almost perfect), in your opinion.

Why are customers crucial?

They not only make more purchases, but they also attract additional customers. Your consumers are your sales representatives. Actually, 56% of clients stated they would refer friends and family to a business that provided top-notch service. By providing them with outstanding customer service, you can keep clients who are willing to recommend your business.

To know more about Customer visit:

https://brainly.com/question/11487111

#SPJ4

When a court decision consider as a decree?

Answers

Answer:

A court decision may be considered as a decree in certain legal systems when it has the force of law and requires compliance by the parties involved. In general, a decree is a final judgment or order issued by a court that determines the rights and obligations of the parties in a legal dispute.

In some jurisdictions, a court decision is automatically considered a decree if it meets certain criteria, such as being final and not subject to appeal. In other jurisdictions, a court decision may be designated as a decree by the court or by the parties involved in the case.

The term "decree" is often used in the context of family law, where it may refer to a court order that sets out the terms of a divorce, child custody arrangement, or other family-related matter. In these cases, the decree is a legally binding document that must be followed by the parties involved.

Answer:

Explanation:

In legal terms, a decree is a formal court order that resolves a particular legal issue or dispute. Decrees are typically issued by judges and can be applied in various types of legal cases, including civil cases, divorce cases, and probate cases.

A court decision may be considered a decree if it meets certain criteria, such as being a final and binding determination of the issues in the case, and if it includes a specific order or ruling that must be followed by the parties involved. The term "decree" is often used interchangeably with terms like "judgment," "order," or "final decision," depending on the type of case and the jurisdiction in which the case is being heard.

What was the important issue decided in the 1824 case of
Gibbons v. Ogden?
ce for e
O A. Whether or not employers have to provide health
insurance for employees
O B. What levels of courts would be included in the
federal court system
O C. What to do with a business that monopolizes an
industry
O D. Which government entity is empowered to regulates
interstate commerce

Answers

Answer:D

Explanation:

What does the Constitution reflect of the country's founders?
their vision
their optimism
their future planning
their protective powers

Answers

Answer:

their vision

Explanation:

select a picture( make sure that it is realistic for example unage child labour picture or Police taking Bribe dont take these example choose something else) where an unjustice is being done and tell about the law which is being broken. Atleast 1 page

Answers

One of the most common examples of injustice in society is racism. Racism is a form of discrimination that has existed throughout human history.

It is the idea that people are inferior or superior to others based on their race or ethnicity. It is a violation of human rights and has been outlawed in many countries around the world.

One example of racism in the United States is the treatment of African Americans by the police.

There have been many instances where African Americans have been stopped, searched, and arrested by the police without any evidence of wrongdoing. This is a clear violation of their rights and is a form of racial discrimination.

The law that is being broken in this situation is the Fourth Amendment to the United States Constitution. This amendment protects people from unreasonable searches and seizures by the government.

It requires that the police have a warrant or probable cause to search or arrest someone. However, many police officers have used racial profiling to target African Americans, which is a clear violation of the Fourth Amendment.

The picture below shows a protest against police brutality and racial discrimination in the United States.

The protesters are demanding that the police be held accountable for their actions and that the government take action to end racial discrimination. This picture is a powerful reminder of the ongoing struggle for justice and equality in our society.


In conclusion, racism and discrimination are serious issues that continue to affect people around the world. It is important that we recognize these problems and take action to end them.

We must work together to promote justice and equality for all people, regardless of their race or ethnicity. Only then can we truly achieve a fair and just society for everyone.

To learn more about racism, refer below:

https://brainly.com/question/23754542

#SPJ11

Which of the following would be considered a violation of a subject’s reasonable expectation of privacy, requiring a warrant? Group of answer choices Police put a "beeper" on a vehicle to monitor its location. Undercover officer converses with suspects and uses information in court. Taking photographs of curtilage from an aircraft. Placing listening device in public telephone booth to monitor conversations.

Answers

Answer:

Placing listening device in public telephone booth to monitor conversations.

Explanation:

The term "reasonable expectation of privacy" refers to the "right to be left in peace", that is, it refers to the minimum privacy that an individual must have to carry out their own business and carry out common activities and if there are major negative results . Infringing this type of prinvacy is a very serious matter and should only be done through specific police mandates.

An example of a situation that violates the reasonable expectation of privacy is the use of listening devices in public telephone booths.

Give 3 reasons why ICS/NIMS is helpful ?

Answers

Answer:

NIMS enables us to work together to prevent, protect against, respond to, recover from, and mitigate the effects of incidents, regardless of cause, size, location, or complexity, in order to reduce the loss of life and property and harm to the environment.

Explanation:

Worley,Marquart,and Mullings (2003)point out that ______ with inmates also involves inmates who exploit relationships with prison officers in order to make illicit profits in the underground prison economy?
A)corruption
B)violence
C)extortion
D)trafficking

Answers

Answer:

hajur pani office and funny thing is that is a picture for group and the Himalayas times national news of the educational

Worley,Marquart,and Mullings (2003)point out that corruption with inmates also involves inmates who exploit relationships with prison officers in order to make illicit profits in the underground prison economy

Who is meant by corruption?According to our definition, corruption is the misuse of authority for personal benefit. Corruption destroys confidence, undermines democracy, stifles economic growth, and makes inequality, poverty, social division, and the environmental problem worse. Supply vs demand, grand versus petty, conventional versus unorthodox, and public versus private corruption are the most prevalent forms or categories of corruption. 1) The bureaucratic tradition; 2) The level of public sector wages; 3) The penalty systems; 4) Institutional controls; 5) The transparency of rules, laws, and processes; and 6) The leadership's role models are some of the elements influencing the supply of corrupt activities.

To learn more about corruption refer to:

https://brainly.com/question/472198

#SPJ2

within the juvenile justice, the juvenile can be referred to as the? minor, youth, teen, or all above?

Answers

Answer:

all of the above, a minor, youth , teen are all under the age of 18. therefore they can be called or referred to as those words

Explanation

feel free to reword that

tyler and stanton are members of an llc. they have no operating agreement. tyler and stanton have a dispute. they look to the llc statute for an answer, but the statute does not cover this situation. in this case, courts often:

Answers

Option A, Court in this situation would apply State Partnership law as in this circumstance LLC statute would not be applied in the case of Tyler and Stanton.  

In some U.S. states, commercial partnerships are governed under the Uniform Partnership Act (UPA). The Uniform Partnership Act is followed by about 44 states and districts (UPA). Only general partnerships and limited liability partnerships are covered by UPA (LLPs). All partners in a general partnership are equally liable financially and legally. The debts that the partnership incurs are personally liable to the individuals. Equal shares are also given to profits. In a partnership agreement, the mechanics of profit sharing will almost definitely be spelled out in writing. An LLC's primary benefit is implied in its name: limited liability protection. When an owner conducts business through an LLC, their personal assets may be shielded from commercial obligations and claims brought against the company.

Know more about the State Partnership law at: https://brainly.com/question/17102347

#SPJ4

Tyler and Stanton are members of an LLC. They have no operating agreement. Tyler and Stanton have a dispute. They look to the LLC statute for an answer, but the statute does not cover this situation. In this case, courts often:

a. apply state partnership law.

b. force the members to solve the dispute themselves.

c. order the LLC to dissolve.

d. apply state corporate law.

You’re given an assignment to write a brief for your supervising attorney, in a lawsuit
between two local businesses over payment of a construction contract totaling $100,000.
In preparing this document, it’s important that you educate the judge on
A. the procedural rules of your state court system.
B. the law applicable to the case in question.
C. the difference between substantive law and procedural law.
D. the constitutional standards for admitting evidence.

Answers

Based on the peculiarity of rule of law in different localities and the content of this question, when preparing this document, you must educate the judge on the procedural rules of your state court system.

What are the Procedural rules of the state court systems?

The term Procedural rules of the state court systems are used to describe the law that establishes the rules of the court and the methods used to ensure the rights of individuals in the state court system.

Generally, it is believed that state court systems follow their own state rules of civil procedure which may be widely different from the Federal Rules of Civil Procedure (FRCP).

Therefore, since the court case involved two local businesses, and to ensure there is fairness, the Judge should be aware of the procedural rules of your state court system to determine the right judgment.

Hence, in this case, it is concluded that the. the correct answer is option A. "the procedural rules of your state court system."

Learn more about the procedural rules here: https://brainly.com/question/28560902

#SPJ1

This court case required law enforcement officials to read the constitutional rights to the accused. Group of answer choices Brown v. Board Plessy v. Ferguson Miranda v. Arizona Roe v. Wade

Answers

The court case which required law enforcement officials to read the constitutional rights to the accused is Miranda v. Arizona. Therefore option (D) is the correct answer.

The Miranda rights are the rights to remain silent, to be informed that anything you say can be used against you, to have an attorney present during questioning, and to have an attorney appointed if you cannot afford one. They were first established in the Supreme Court case Miranda v. Arizona in 1966. The Supreme Court of the United States, in a 5-4 decision, held that both inculpatory and exculpatory statements made during a custodial interrogation by a defendant are admissible only if the police first read the accused their Miranda rights.

Which consist of the right to remain silent, the right to an attorney, and the right to have an attorney present during questioning. The Miranda decision became a well-known component of American police procedure and was adopted by police departments throughout the United States. Option (D) is correct answer.

Learn more about Miranda rights https://brainly.com/question/2242029

#SPJ11

7. Section of the brief where the issues are analyzed through citation of
legal authorities?

Answers

Answer:

to see if there are subsequent legal authorities that invalidate your case and ... For most cases that you cite in your documents, it is fine to rely on one service. ... critical to your analysis, you would be wise to run it through a second citator ... reversed/overruled/superseded in part, or sometimes the issue on ...

Explanation:

What is infanticide

Answers

The front of killing an infant or a child within a year of birth

Infanticide, the killing of the newborn. It has often been interpreted as a primitive method of birth control and a means of ridding a group of its weak and deformed children; but most societies actively desire children and put them to death (or allow them to die) only under exceptional circumstances.\

Have a nice day ✨

Question 7 of 10
How does the exchange rate for a country's currency affect its terms of
trade?
A. Favorable terms of trade are required for a country to trade with
wealthy partners.
B. A higher exchange rate for the country's currency can lead to
deteriorating terms of trade.
O C. A higher exchange rate for the country's currency can lead to more
favorable terms of trade.
D. Deteriorating terms of trade prevent a country from using its
currency for trade.

Answers

Answer: C. A higher exchange rate for the country's currency can lead to more  favorable terms of trade.

Explanation:

Just got it right!

What are the 3 elements of communication dynamics?

Answers

Answer:

Dynamic and that It and you will get your answer

Sender, Receiver, and Message.

1. Which is not a mitigating factor?
History of abuse and neglect

History of brain injury or abnormality

Likelihood of rehabilitation

Low intelligence

All are possible mitigating factors


2.
Compared to small juries, large juries ...

are more likely to have all jurors actively participate

are better at recalling presented arguments

have more conformity

are less likely to have a hung jury

may take longer to deliberate



3. A meticulously planned set of murders across a period of six months could best be characterized as...

mass organized

spree organized

serial organized

mass disorganized

spree disorganized

serial disorganized



4. Which question might lead to a psychological autopsy?

Cause of death?

How competent was this person to make their will?

Was this an accident?

All of the above


5.
Who does the largest portion of criminal profiling?

FBI

Forensic Psychologists

Individuals with graduate training in psychology

Answers

1. The statement "All are possible mitigating factors" is incorrect. The mitigating factor that is not listed is "Low intelligence."

While the other three factors (history of abuse and neglect, history of brain injury or abnormality, and likelihood of rehabilitation) can be considered mitigating factors in a legal context, low intelligence is not typically recognized as a mitigating factor.

2. Large juries may have more conformity compared to small juries. While large juries can have advantages such as a more diverse range of perspectives and more comprehensive deliberations, they are also more prone to conformity. As the number of jurors increases, the likelihood of groupthink and conformity to majority opinions tends to rise.

3. A meticulously planned set of mu*ders across a period of six months could best be characterized as "serial organized." The term "serial" refers to a pattern of committing multiple murders over time with a cooling-off period between each incident. The fact that the murders were meticulously planned indicates a level of organization in the perpetrator's actions.

4. The question "All of the above" might lead to a psychological autopsy. A psychological autopsy is an investigation into a person's psychological state and factors leading up to their death, particularly in cases of su*cide, suspicious deaths, or unclear circumstances. Understanding the cause of death, the person's competence in making their will, and whether it was an accident are all relevant questions that may be explored during a psychological autopsy.

5. Criminal profiling is primarily conducted by the FBI. While forensic psychologists may contribute to aspects of criminal profiling, including psychological assessments, the FBI is the organization most commonly associated with criminal profiling. The FBI's Behavioral Analysis Unit (BAU) is well-known for its work in developing profiles of unknown offenders based on crime scene analysis and behavioral patterns.

To know more about Criminal profiling :
https://brainly.com/question/32224204

#SPJ4

__________ separate lanes of traffic traveling in the same direction.-broken yellow lines-double yellow lines-solid yellow lines-solid or broken white lines

Answers

Double yellow lines are used to separate lanes of traffic traveling in the same direction, with each lane having its own designated space on the road. The correct answer to your question is "double yellow lines".

These lines indicate that passing is prohibited, and drivers must stay within their respective lanes. Broken yellow lines are used to indicate that passing is allowed when it is safe to do so. Solid yellow lines are used to indicate a no-passing zone, meaning passing is prohibited in either direction. Solid or broken white lines are used to separate lanes traveling in the opposite direction, indicating that drivers should not cross over into the other lane.

It is important for drivers to understand the meaning and purpose of these lane markings to ensure safe and efficient travel on the roadways. Adhering to these markings and staying within designated lanes can help reduce the risk of accidents and keep traffic flowing smoothly. So, it's always a good idea to pay attention to these markings and follow them accordingly while driving. The correct answer to the question is "double yellow lines".

For more such questions on lanes of traffic

https://brainly.com/question/14214854

#SPJ11

A promise which is made after a performance of an act is called?

Answers

Answer:

Past Consideration:

Explanation:

Promises made in return for acts or events that have already taken place are unenforceable for lack of sufficient consideration.

what does it mean when a judge dismisses your petition for revocation?

Answers

You r free from jail or whatever
Other Questions
This simulation contains rock layers and fossils from several different locations. Examine the fossils and rock features of each layer. Arrange the rock layers in the correct order, from the oldest at the bottom to the youngest at the top. Rock layers from different locations but the same age should be placed next to each other in the same layer. Once a fossil disappears, its gone from the fossil record and does not reappear. Take a screenshot of your results to include in your Lab Report.' put the following inequality into slope-intercept form. 6x + 10y is greater than or equal to 75. What led bryan to work for the southern prisoners defense committee in atlanta, ga? What do you think of Karen Horney labeling the characteristics ofthe relationship between parent and child that leads to neurosis asbasic evil? Did it make sense to you that the child's firstreacti find the distance between points T and V In at least one hundred words, describe Huck's plan to get Jim back and then help him escape. Explain why you think it is a good plan or a bad plan. why agency by estoppel forces a principal to be bound by an unauthorized contract. Which is the graph of 2x 4y > 6? which of the following describes the coordination of all supply chain activities, starting with raw materials and ending with a satisfied customer?group of answer choices O keiretsu company coalition.O total quality management (tqm) O six-sigma quality standard. O supply chain management Kepler's_____of planetary motion states that the planets have an elliptical orbit, with the sun at one focal point of the ellipse. Please explain, everytime I try I get it wrong. Thank you Rural protests groups like National Grange of the Patrons of Husbandry, founded in 1867, belived that-the government strategies for economic growth would be effective in the long term and supported their continuation- they were victims of powerful corporations that charged high prices for equipment and services - middlemen like bankers and investors were necessary parts of the new industrial economy - increased government regulations of business and utilities would cause their profits to suffer The side on a clip board appears to be a right triangle. The leg lengths are 2 millimeters and 2.1 millimeters and the hypotenuse is 2.9 millimeters. Is the side of the clip a right triangle? 1. Springtime Fabrics finds its cost function as, TC= 10Q+10Q+10 Its demand function is P= 190 - 5Q a) Derive the MC and the AC. b) Find where the AC is minimized. c) What is the minimum AC? d) What is the profit maximizing level of output (Q)? 6. Determine the measure of angl B.C(5x + 18)B(8x + 7)"(10x + 13)(141 - 11)D People became more and more exciting as they saw the singer's car approaching.Select one:O TrueO False noble cause corruption is a type of wrongdoing that stems from a crime control orientation. In accordance with the Supreme Court case Kimel v. Florida Board of Regents (2000), a plaintiff in an Age Discrimination in Employment Act (ADEA) action cannot recover money damages against a state entity.True or False I really need help this is due tomorrow and is gonna cause my to fail the class :(Bacteria that has no membrane-bound organelles and eats other organisms for energy.The bacteria isa. a eukaryote.b. a prokaryote.C. a plant.d. an animal. Would you feel like a superhero if you could melt metal just by holding it? The element gallium is a solid at room temperature, but it will reachits melting point and melt if you hold it in your hand. If you pour the liquid gallium into a container at room temperature, it will become solidagain. How do the melting point and the freezing point of gallium compare to each other?O A The freezing point of gallium is higher than its melting pointOB. The freezing point of gallium is lower than its melting point.OC. The freezing point of gallium equals its melting point.ODBoth the freezing point and the melting point of gallium vary.