pan>foreign income taxes paidcharitable contributions75. Which of the following would terminate a Subchapter S election?Estate becomes a shareholder.Grantor trust becomes a shareholder.Voting trust becomes a shareholder.Partnership becomes a shareholder.76. Whether to Accept or Continue the Client and the Engagement

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foreign income taxes paid
charitable contributions
75. Which of the following would terminate a Subchapter S election?
Estate becomes a shareholder.
Grantor trust becomes a shareholder.
Voting trust becomes a shareholder.
Partnership becomes a shareholder.
76. Whether to Accept or Continue the Client and the Engagement

and Enter into an Agreement with the Client

The function of auditing is

to locate every financial error

to provide interested parties with added assurance that the financials are not materially inaccurate

to provide more precise accounting information for accurate tax reporting

to locate every dollar misappropriated

77. Auditing is based on the assumption that financial data are verifiable. Data are verifiable when two or more qualified individuals