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True or False Quiz
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1
Standards of public accountants are as strict as those for certified public accountants.
A)True
B)False
2
FASB is part of the AICPA.
A)True
B)False
3
Jane, an auditor, finds the financial statements of a client accurate except for a minor deviation from GAAP. Jane should issue an "except for" opinion.
A)True
B)False
4
The PCAOB supervises public accounting firms.
A)True
B)False
5
A successful suit for fraud entitles the plaintiff to punitive damages.
A)True
B)False
6
Due to the great danger of injury that an architect's mistake will cause, an architect's design must be perfect.
A)True
B)False
7
To avoid liability for battery, a health care professional should obtain the patient's written consent.
A)True
B)False
8
A hospital may reduce its liability risk by not having a policy and procedure manual.
A)True
B)False
9
The locality rule is almost never used today.
A)True
B)False
10
A developing rule is that if the hospital is accredited, then it is presumed to have properly accredited staff physicians.
A)True
B)False







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