[Anonymous]

Guys,

Having a really difficult time with the Ethics Test. Got 86% on second try. Looking for that last illusive question to get right without answering others wrong. I wish I would have got the CD version of the book so I can easily search for target words. Now it seems if I want the online version I need to pay again.

Bob Martino is sanctioned by his state board of accountancy for his association with false and misleading financial statements of his employer, Jones Consulting, LLC, a private company. Which of the following situations is the least likely result of the state board’s action?

a. The state board could suspend or revoke Bob’s CPA license

b. Bob could lose his membership in the AICPA or a state CPA society.

c. Bob could become the subject to significant legal liabilities.

d. The Securities and Exchange Commission could fine Bob.

I understand this question as pick the worst of the 4 which can happen. I guess being locked up is worse than loosing CPA license, so C?

Would greatly appreciate help/hints with this question. Thanks.

[Mary 2496]

The question asks which is least likely to result. Read the question again.

Look at the answers. We're discussing a private company. Which answer wouldn't apply to a private company???

[Author]

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