One who works for, and receives payment from, an employer but whose working conditions and methods are not controlled by the employer.
What is INDEPENDENT CONTRACTOR?
100
A principal whose identity is known to a third party at the time the agent makes a contract with the third party.
What is a DISCLOSED PRINCIPAL?
100
Comprehensive federal regulation of wages by the U.S. Department of Labor
What is the FLSA?
What is the Federal Labor Standards Act?
100
A form of employment discrimination that results from certain employer practices or procedures that, although not discriminatory on their face, have a discriminatory effect on a protected class.
What is DISPARATE IMPACT?
100
Under this rule, the accountant is only liable to parties that they have a contractual agreement with.
What is PRIVITY?
200
Agencies are created in four ways:
1. Agreement
2. Estoppel
3. Operation of Law
and
4.
What is RATIFICATION?
200
A principal whose identity is unknown by a third person, and the third person has no knowledge that the agent is acting for a principal at the time the agent and the third person form a contract.
What is an UNDISCLOSED PRINCIPAL?
200
Requires 60 days notice before a mass layoff
What is WARN?
What is Worker Adjustment and Retraining Notification Act.?
200
A termination of employment brought about by making an employee's working conditions so intolerable that the employee reasonably feels compelled to leave.
What is CONSTRUCTIVE DISCHARGE?
200
The majority view that the accountant's duty is limited to the client and third parties whom the accountant or client intends the information to benefit.
What is SECTION 552 of the RESTATEMENT of TORTS?
What is RESTATEMENT of TORTS?
What is SECTION 552?
300
In most states, a rule stating that express authority given to an agent must be in writing if the contract to be made on behalf of the principal is required to be in writing.
What is EQUAL DIGNITY RULE?
300
Employer is liable for employee's negligent torts committed within the agent's scope of employment.
What is RESPONDEAT SUPERIOR?
What is VICARIOUS LIABILITY?
300
Federal law requiring employers to promote safety in the workplace, which includes free from hazards that are likely to cause death or serious physical injuries.
What is OSHA?
What is OCCUPATIONAL SAFETY AND HEALTH ACT?
300
_________ is never a BFOQ
What is RACE?
300
Nongovernmental nonprofit board that applies to public accounting firms that conduct audits for companies that issue securities.
What is PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD (PCAOB)?
400
Agent owes 5 duties to the principal:
1. Performance
2. Notification
3. Obedience
4. Accounting and
5.
What is LOYALTY?
400
The employer is liable for the agent's negligence if the agent takes a detour but not if the agent takes a _______
What is FROLIC?
400
A state law providing that employees are not to be required to join a union as a condition of obtaining or retaining employment.
What is RIGHT TO WORK LAW?
400
How many employees must an employer have for the Age Discrimination in Employment Act (ADEA) to apply?
What is 20 or more?
What is 20?
400
Number of years SOX requires accountants to maintain working papers.
What is 7?
500
Principal owes 4 duties to the Agent.
1. Reimbursement/Indemnification
2. Cooperation
3. Safe working conditions
4.
What is COMPENSATION?
500
A Principal is not liable for the ________ of the Agent even if the act was committed within the scope of employment unless the Principal participated in the act.
What is CRIMES?
500
An employee's disclosure to government, the press, or upper-management authorities that the employer is engaged in unsafe or illegal activities.
What is WHISTLEBLOWING?
500
When Barbara would not sleep with her boss, he demoted her and reassigned her to the night shift
What is A TANGIBLE EMPLOYMENT ACTION?
500
Under common law, professionals may be liable to clients for
1. Breach of contract
2. Negligence
3.