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- Which of the following people would not be considered an “Other Member” (OM) for Code of ProfessionalConduct purposes? Group of answer choices a. Tim, who has his CPA license, but is currently unemployed and traveling around the country living off his savings. b. Bolt, who has his CPA license, but is trying out retirement to see if it suits him. c. Margot, who has her CPA license, but is unemployed as she is devoting most of her time topursuing a sexual harassment lawsuit against her previous firm. d. Ananya, who has her CPA license and is an internal auditor for Frisbye Corporation.Sonia and Fred are partners in a CPA firm that was formed as a Limited Liability Partnership (LLP). If Sonia commits malpractic in the preparation of client financial statements, are the partner's personal assets at risk to pay damages caused by Sonia? a. Yes, Sonia's assets are at risk b. No, the LLP shields Sonia's personal assets from malpractice c. No, the LLP shields the personal assets of both partners from malpractice d. Yes, Sonia and Fred's personal assets are at riskwhich of the following is not a specific risk to individual for violations of AML Laws? Civil Penalties,, loss of passport, termination of employment or criminal penalties
- Mary Ribukh was hired as a staff auditor of LGY and Company in 2005. In December 2012, he transferred to Quilava and Associates. In 2014, he returned back to LGY and Company until his retirement in 2020 at the age of 55. Question 1: Are the retirement benefits taxable to Anton? Question 2: Suppose he was terminated from employment due to dishonesty. Is the separation pay taxable to Anton? Question 3: Suppose he was terminated from employment due to the merger of the two audit firms Will the separation pay be taxable to Anton? Yes, Yes, Yes No, Yes No No Yes, Yes Yes, No, NoRegarding CFA Standard 1 (B), if all relevant parties are notified in writing of the gift or benefit received by a member from a client or their employer: Group of answer choices will represent a breach of CFA Standard 1 (B) if a gift or benefit having a value of more than $300 is received from a client and is contrary to the policies of their employer will represent a breach of CFA Standard 1 (B) if a gift or benefit having a value of more than $300 is received from their employer not the client this can still result in a breach of the CFA Standards will represent a breach of CFA Standard 1 (B) if a gift or benefit having a value of more than $300 is received from a client not their employer this can only represent a breach of the CFA Standards if the gift or benefit has a value of less than $3002. Under the employers cannot discriminate against individuals based on race, religion, or gender. OMinority Amendment OCivil Rights Act OPrivacy Law OProtection Agreement Untitled document...pdf PDF hp
- Which of the following shall not be reported as compensation for services? a.Sums paid to priest for saying masses for the dead b.Payment made by an employer to an employee on account of dismissal c.Authorized fees paid to sheriffs for services rendered in the performance of his official duties d.Tips paid directly to employee by the customer which is not accounted for by the employerWhich of the following statements are correct regarding the characteristics of a guardianship of the person used to care for the personal needs of an incompetent person? The guardian is appointed by a court. The guardian is appointed by a durable power of attorney. The guardian's authority may be plenary or limited. A guardian becomes personally liable for the incompetent person's expenses. A) II and III B) I and III C) III and IV D) I, II, and IVWhich of the following is a fringe benefit that employers can discriminate among employees? Question 48 Select one: a. Health and accident insurance. b. Qualified employee discount. c. Employee educational assistance. d. None of the above.
- Natashia, a CFP® professional, recently got a job selling life insurance for a large national insurer. During her first year on the job, she received a large number of complaints and has been mentioned adversely in a regulatory investigation alleging failure to comply with the laws regulating the sale of insurance in her state. Which of the following is true regarding Natashia's reporting requirements under the Code and Standards? Natashia must provide CFP Board with written notice of the allegation within 30 calendar days. Natashia is not required to report the allegation to CFP Board until she has been officially disciplined by the State Insurance Commission. Natashia is required to report the allegation to CFP Board when she pays her annual renewal fee for certification. Natashia is not required to report the allegation to CFP Board, but must promptly disclose it to her firm and clients.Jordan was terminated from his employment without just cause and started looking for a new job immediately. Jordan was fuifiling his duty to: Select one O a. be productive in society. O b mitigate Oc. ad ethically Od not competeArbitrators give the most consideration to the employee's: Work record. O Age. O Arrest record. O Religious affiliation. O Gender.
