What challenges are there to the claim of ownership of facts about oneself? Are “cookies” an invasion of privacy?  Why or why not?

Q: What is fraud?

A: Misstatement risk: It implies to a risk that the financial statements of the company are…

Q: In your opinion, should PWI be subject to civil litigation?

A: Here, it is to be determined that whether PWI be subject to civil litigation or not.

Q: Explain the indirect ownership interests and who has the indirect interests? Describe the situation…

A: An ownership interest in an entity that owns an ownership interest in another entity. This is…

Q: What information is irrelevant? Why is it irrelevant?

A: Irrelevant cost:   Irrelevant cost is that cost which do not affect the decision making process of…

Q: a. What is the relationship between a. the ethical obligation of honesty and truth telling?b. Is it…

A:

Q: Below are the account balances for Cowboy Law Firm at the end of December. Balances $ 5,400 2,200…

A: Net Profit (Loss) = Total Revenue - Total expenses

Q: Why can’t legal considerations resolve every ethicalquestion?

A: Legal standards are those standards that are set forth in governmental laws. Ethical standards are…

Q: When might the rule “Let your conscience be your guide” not be a sufficient basis for (a) your…

A:

Q: What is privacy in the context of information security? Is perception of privacy the same for all…

A: In the context of information security, what exactly is privacy? Is there a difference in the sense…

Q: When may a covered member disclose confidential information?

A: A covered member may disclose confidential information when client is not following GAAP.

Q: what is the advantages and disadvantage of disclosure? and why is disclosure important?

A: The full disclosure means that company's financial statements should tell about all the important…

Q: What is Overt Discrimination?

A: Overt discrimination is an explicit display of unequal treatment given to a certain individual or…

Q: Why is it smart to remain cool when making a claim and how should you go about it

A: Keeping cool while claiming your insurance is very important and making emotions high or low create…

Q: What is the Rights Issue?

A: The Rights issue is the issue of a definite proportion of Shares to the existing shareholders of the…

Q: Explain Charges and Liens?

A: The question is based on the concept of legal terms used to grant security against loan or debt.

Q: Which of the following about materiality is NOT true? A. Information is material if, in determining…

A: materiality is a concepts that applies in a variety of context including accounting, reporting,…

Q: What are the consequences for a CPA who commits an Act Discreditable?

A: Discreditable: As per the code of conduct, a member will not perform an act discreditable i.e. an…

Q: How can the owners be disclaimers?

A: A disclaimer is a term utilized to define or restrict the range of duties and rights enforceable in…

Q: How is the term "confidentiality" different from "privacy"? Explain.

A: Answer: The terms Confidentiality and Privacy are different terms. Privacy is all about person and…

Q: If your bank pays you 1.7% interest and you deposit $850 today, what will your balance be in 7…

A: Time value Money received by an individual today has more worth than that of receiving the exact…

Q: You are to make monthly deposits of $425 into a retirement account that pays an APR of 10.6 percent…

A: Future value= Present value* ([1 + I]^N - 1 )/I Present value = $425 I = 10.6/12 = 0.883% N = 31 x…

Q: What is conflict of interest?

A: Conflict of interest: Conflict of interest occurs when a person derives personal benefits by…

Q: Why do "ethical violations end careers"?

A: The ethical considerations are highly important for management accounting and financial management…

Q: The mere existence of a related party should be disclosed despite of not having any transactions…

A: A related party may directly or indirectly affect the profit of the entity even if no transactions…