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The Concept of "Discounting," in the Context of Accountant Conflicts

Question 21

Multiple Choice

The concept of "discounting," in the context of accountant conflicts of interest,means that:


A) An accountant, in evaluating the reliability of a client statement, applies greater professional skepticism
B) A client, in evaluating the reliability of its accountant's statement, applies greater skepticism
C) An accountant weighs immediate satisfaction more heavily than deferred satisfaction
D) A prospective client, in listening to an accountant, weighs immediate satisfaction more heavily than deferred satisfaction

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