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By:
James Boyd
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Decks in this class (99)
Regulation of the Profession
The uniform accountancy act requi...,
The uniform accountancy act conta...,
The uniform accountancy act conta...
4
cards
Disciplinary Systems of the Profession
What are the possible results due...,
What events would result in autom...,
A cpa who is convicted of filing ...
3
cards
Common Law Liabilitiy to clients
A cpa can be liable to the client...,
A cpas defense to neglegance is t...,
Lawsuits filed by clients for neg...
9
cards
Common Law Liability to Third Parties
A cpa is liable to a foreseeable ...,
What is the difference between fo...,
In most states a foreseeable thir...
7
cards
Statutory Liability to Third Parties - Securities Act of 1933
Under section 11 in the securitie...,
When the cpa knows of the third p...,
What is a good defense for the cp...
5
cards
Statutory Liability to Third Parties - Securities Exchange Act of 1934
Under rule 10 b and rule 10b 5 of...,
If a plantiff succeeds under sect...
2
cards
Accountant's Working Papers
Although the cpa owns the work pa...,
In what cases can the cpa transfe...
2
cards
Privileged Communications between Accountant and Client
In a jurisdiction having accounti...,
A cpa is allowed to turn over wor...,
A client may claim client account...
5
cards
Criminal Liability
Which laws can hold a cpa civilly...,
What law allows civil suits which...,
Which laws can hold a cpa crimina...
3
cards
Responsibilities of Auditors under Private Securities Litigation Reform Act
Auditor should report criminal ac...,
What is an auditor required to es...,
What does the private securities ...
5
cards
Responsibilities under Sarbanes-Oxley Act
Under sarbanes oxley act what non...,
Who regulates cpa firms that audi...,
What are provisions of sarbanes o...
5
cards
Responsibilities of Tax Preparers
A tax preparer will be subject to...,
A tax preparer will also be subje...,
When must a tax preparer give up ...
18
cards
Securities Act of 1933
What is a preliminary prospectus,
Under the 1934 act what are examp...,
A tombstone advertisement
11
cards
Exempt Transactions or Offerings
Under regulation a of the 1933 ac...,
Securities offer is exempt from r...,
What is interstate offering
5
cards
Securities Exchange Act of 1934
Any purchaser who,
Under the 1934 act issuer of secu...,
The 1934 act has registration pro...
5
cards
Dodd-Frank Act of 2010
Aspects of the the dodd frank act,
The dodd frank act requires
2
cards
Nature of Sole Proprietorships
In a sole pripriorship,
What is an advantage of sole prop...,
A sole proprietorship
3
cards
Nature of Partnerships
A general partnership definition,
A general partnership,
Executions of a written articles ...
6
cards
Formation of a Partnership
A partnership agreement that cann...,
A partnership agreement,
What must be in writing in a part...
3
cards
Partner's rights and operation of Partnership
Under revised uniform partnership...,
The partners,
A single partner
4
cards
Relationship to Third Parties (Partnership)
In a general partnership what req...,
A single partner,
Each partner
8
cards
Termination of Partnership
Under revised uniform partnership...,
Even if a partner agreed not to w...,
A court decree
3
cards
Limited Partnerships
A limited partner,
A limited partnership,
A general partner
13
cards
Joint Ventures
Each joint venture,
The joint ventures,
Death of a joint venture
3
cards
Limited Liability Companies (LLC)
A limited liability company,
Death or withdrawal of a member,
A llc can be taxed
6
cards
Limited Liability Partnerships (LLPs)
In most states a llp,
Partners in a llp
2
cards
Subchapter C Corp
The federal subchapter s revision...,
What is the main reason for a com...
2
cards
Characteristics and Advantages of Corporate form
What are advantages of corporate ...,
A corporation is a separate legal...,
What are characteristics of a cor...
3
cards
Types of Corporations
You are a domestic corporation when,
You are a foreign corporation when,
As a foreign office to be able to...
6
cards
Formation of Corporation
What must be filed with the secre...,
Limited partners have the right t...,
Under the revised model business ...
8
cards
Corporate Financial Structure
Stock provisions which must be au...,
In order to convert preferred sha...,
A corporation may resell treasury...
17
cards
Powers and Liabilities of Corporations
What powers does a corporation ha...,
What powers does a corporation ne...,
A business is generally liable
8
cards
Directors and Officers of Corporations
Officers are appointed,
Directors are appointed,
Under the revised model business ...
7
cards
Stockholders Rights
0
cards
Stockholders Liability
Normally the liability of shareho...,
Pierce the corporate veil means,
Example of pierce the corporate v...
4
cards
Substantial Change in Corporate Structure
Under the revised model business ...,
In order for a merger of two publ...,
The stockholders of both corporat...
7
cards
Subchapter S Corporation
A subchapter s corporation corpor...
1
cards
Offer
Under common law an offer,
Essential terms of a contract inc...,
Advertisements
8
cards
Acceptance
Under the mailbox rule when is an...,
How can an offeror remove the mai...,
When acceptance is sent by a meth...
5
cards
Formation Defenses
0
cards
Written Contracts
0
cards
Assignment and Delegation
Assignment,
Almost all contract rights,
What are some contract rights tha...
8
cards
Third-party Beneficiary Contracts
Then a debtor contracts with a se...
1
cards
Performance of Contract
0
cards
Discharge of Contracts
What are the ways that a discharg...,
What are the different agreements...,
When one party materially breache...
5
cards
Remedies
0
cards
Federal Social Security Act
Taxes payable under futa,
Futa taxes,
When must employers must pay futa
14
cards
Workers Compensation Act
Workers compensation,
Workers compensation costs,
Temporary workers
8
cards
Employee Safety
Occupational safety and health ad...,
Employers can require,
Inspections by osha
3
cards
Employment Discrimination
Under equal pay act,
Under title vii of the civil righ...,
Age discrimination in employment act
8
cards
Family and Medical Leave Act
An employee under fmla,
A employee right under fmla,
To be covered under fmla
5
cards
Federal Fair Labor Standards Act
The fair labor standards act,
Workers under the fair labor stan...,
The fair labor standards act requ...
3
cards
National Labor Relations Act (NLRA)
What is not exempt from national ...
1
cards
Federal Consolidated Budget Reconciliation Act (COBRA)
Under cobra
1
cards
Pensions
Employee retirement income securi...,
If an employer does create a plan...,
If a plan is established
4
cards
Environment Regulation
Under comprehensive environmental...,
Clean water act,
Environmental compliance audits a...
12
cards
Anti-Trust Laws
Horizontal agreement,
Vertical agreement,
What does price fixing consist of
10
cards
Robinson-Patman Act of 1936
The robinson patman act of 1936,
Violation of robinson patman act ...
2
cards
Money Laundering
Section 1956 of the money launder...,
Section 1957 of the money launder...
2
cards
Chapter 7 Voluntary Bankruptcy Petitions
Voluntary petition,
A debtor may file a voluntary pet...,
When order for relief is given to...
5
cards
Chapter 7 Involuntary Bankruptcy Petition
If there is less than 12 creditors,
Secured debt,
You can be forced into bankruptcy if
7
cards
Chapter 7 Bankruptcy Proceedings
Exemptions allowed under federal ...,
A trustee in bankruptcy,
Professionals in a bankruptcy case
8
cards
Claims
What are the priority in claims,
What is the priority in general c...
2
cards
Discharge of the Debtor
What debts are not discharged in ...
1
cards
Business Reorganization - Chapter 11
Who is eligible for chapter 11,
Who is not eligible under chapter 11,
The goal of chapter 11
9
cards
Debt Adjustment Plans - Chapter 13
Most individuals are eligible if
1
cards
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
The bankruptcy abuse prevention a...,
What debts are nondischargable un...
2
cards
Rights and Duties of Debtors and Creditors
Fraudulent conveyance of property,
Ways to commit fraudulent conveyance,
Homestead exemption
12
cards
Nature of Suretyship and Guaranty
What are examples of a surety rel...,
What are examples of a 3rd party ...
2
cards
Creditors Rights and Remedies
If a collateral is released or im...,
Bankruptcy and death,
Adjudicated incompetent
7
cards
Surety's/Guarantors Rights and Remedies
A surety,
A creditor,
A surety cannot
6
cards
Surety's/Guarantor's Defenses
What defenses may a surety use to...,
A modification by the principal d...,
A surety is not released
5
cards
Cosureties
If a cosurety pays more their the...,
Difference between surety and cos...,
What is the formula for cosurety ...
3
cards
Characteristics
As a fiduciary to the principal,
An agent,
Under the statue of frauds an agr...
7
cards
Examples of Principals and Agents
Basics about power of attorney,
Death of a principal,
An employee
5
cards
Methods of Creation
Relationship between principal an...,
A principal agent relationship ca...,
An agent must
6
cards
Duties (Obligations) and Rights
A sub agent
1
cards
Liabilities to Third Parties
0
cards
Termination of Principal-Agent Relationship
When an agency relationship is te...,
What can terminate an agency rela...,
An undisclosed principal is liabl...
7
cards
Distinctions between Real and Personal Property
Real property is,
Tangible property,
Intangible property
5
cards
Personal Property
What factors are used to determin...,
When an owner mislays personal pr...,
In a case of lost property involu...
5
cards
Bailments
General rule for bailee,
The standard of care for a common...,
Common carriers is liable
5
cards
Intellectual Property and Computer Technology Rights
Computer software programs databases,
Generally copyrights,
The courts ruled that what can be...
9
cards
Interests in Real Property
In a joint tenancy,
Each joint tenant,
When interest is transferred by a...
8
cards
Types of Deeds
Arms length transaction,
A way to test an arms length tran...,
Eminent domain
6
cards
Recording a Deed
In order for a deed to be effecti...,
A effective deed,
Under the notice race statue if a...
4
cards
Title Insurance
Title insurance,
Any exceptions not insured by the...,
Title insurance does
5
cards
Adverse Possession
What are the elements to gain tit...,
What is not considered adverse po...
2
cards
Mortgages
Real estate settlement procedures...,
Respa applies to,
General purpose of real estate se...
10
cards
Lessor-Lessee
A residential lease agreement mus...,
What optional terms are allows th...,
The lessee of residential propert...
12
cards
Types of Negotiable Instruments
A instrument is a draft because,
To qualify as a check,
A promissory note
8
cards
Requirements of Negotiability
All negotiable instruments except...,
What are the requirements of nego...,
Checks are usually written
8
cards
Interpretation of Ambiguities in Negotiable Instruments
When the amount in words differs ...
1
cards
Negotiation
A blank endorsement,
A qualified endorsement,
An example of qualified endorsement
7
cards
Holder in Due Course
To become a holder in due course ...,
An executory promise,
Taking satisfaction of previous debt
5
cards
Rights of a Holder in Due Course
A holder in due course,
What are examples of personal def...,
What are examples of real defenses
4
cards
Liability of Parties
The maker of a note,
No one has primary liability on a...,
When there are multiple endorsers...
10
cards
Banks
Under revised article 3 of ucc po...,
If a bank pays a postdated check ...,
If the bank fails to follow a sto...
4
cards
Transfer of Negotiable Documents of Title
A person who negotiates a negotia...,
A warehouse receipt,
Warehouse receipt is negotiable if
4
cards
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A Wiley Review Notes REG
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