CPCO chapter 2 UPDATED ACTUAL Exam Questions and CORRECT Answers

CPCO chapter 2 UPDATED
ACTUAL Exam Questions and
CORRECT Answers

Save




Terms in this set (35)

,When is an There is no requirement to hire a
outside consultant or counsel, but such
consultant assistance may be beneficial
and/or legal during certain phases of
counsel development and/or if issues arise.
necessary? There is no requirement that
Only when an outside consultants or legal
overpayment is counsel be involved in a
identified. Compliance Program. However,
There is no during certain phases of program
requirement to development and implementation,
hire a both consultants and legal counsel
consultant or may be beneficial.
counsel, but
such assistance
may be
beneficial
during certain
phases of
development
and/or if issues
arise.
In the
beginning of
plan

,development.
Never.

, Most expenses when the expenses are a result of
related to the imposition of a penalty
developing and A CIA is a penalty imposed upon
implementing a the organization and, as with any
compliance other governmental penalty, the
program are expense of the development,
considered the implementation, and maintenance
cost of doing of this program cannot be
business and included as a deductible expense
are tax to the organization.
deductible for
the
organization.
Which, of the
following, is
NOT tax
deductible?
when the
expense costs
are more than
the national
average
when the
expenses are a
result of the
imposition of a