Business, 08.10.2019 23:00 ronalescobar2002

Rocky point brewery (rpb) filed an initial public offering in january 2016. rpb engaged olsen & alain, cpas (o& a) in 2013 to keep the books and prepare monthly and annual financial statements (while the company was privately-held), and terminated those services in december 2015. under sec and pcaob rules, could rpb engage o& a to be their auditors now that it is a public company?
a.) yes, but only if o& a rescinds any indemnification language existing in their non-audit engagement letters. b.) no, but only if the fees o& a received from these engagements exceeded five percent of the firm's annual revenues. c.) yes, because the prohibited non-audit services were performed before the period of professional engagement. d.) no, because the prohibited non-audit services were performed during the period covered by the financial statements.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 19:30

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?

Answers: 1

Answer

Business, 22.06.2019 21:20

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.

Answers: 3

Answer

Business, 22.06.2019 21:30

Which of the following results in an increase in the standard of living? a. an increase in unemployment pushes down the cost of production. b. wages go up to correct for the inflation of prices. c. income increases, enabling consumers to buy more goods and services. d. rising production costs drive up the price of goods and services.

Answers: 1

Answer

Business, 23.06.2019 00:30

Suppose the government decides to issue a new savings bond that is guaranteed to double in value if you hold it for 20 years. assume you purchase a bond that costs $25. a. what is the exact rate of return you would earn if you held the bond for 20 years until it doubled in value? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. if you purchased the bond for $25 in 2017 at the then current interest rate of .27 percent year, how much would the bond be worth in 2027? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. in 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value in 2037. what annual rate of return will you earn over the last 10 years? (do not

Answers: 3

Answer

You know the right answer?

Rocky point brewery (rpb) filed an initial public offering in january 2016. rpb engaged olsen &...

Questions