Acpa can accept a gift from a client as long as:

adequate safeguards exist to prevent any threats to compliance with the integrity and objectivity rule

adequate internal controls exist in the client entity to ensure gifts are made without any pre-conditions

the amount is below what is considered to be a material payment

audit services are not provided to the client

In its 2016 annual report, caterpillar inc. reported the following (in millions): 2016 2015 sales $38,537 $47,011 cost of goods sold 28,309 33,546 as a percentage of sales, did caterpillar's gross profit increase or decrease during 2016? select one: a. gross profit increased from 26.8% to 28.6% b. gross profit decreased from 28.6% to 26.5% c. gross profit increased from 71.4% to 73.2% d. gross profit decreased from 73.2% to 71.4% e. there is not enough information to answer the question.

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach