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NEW QUESTION: 1
You are the project manager at a large accounting firm in the United States. Throughout the year your firm provides both consulting services and accounting/ auditing services to XYZ Widgets, Inc, a publicly traded company listed on the New York Stock Exchange. Currently, your project involves auditing the financial statements of XYZ Widgets Inc, in preparation for the annual shareholders/ investors meeting. While your team is in the midst of project execution, you are informed that your project is due to new SEC regulations. Specifically, a new SEC regulation prohibits accounting firms from providing both consulting services and auditing services to a client, due to potential conflicts of interest that could arise from such business relationships. Hence your project is cancelled and your project team consisting of accountants and auditors are taken off your project and reassigned to another project. Which of the following statements are true?
A. Since the project ended due to extinction, you should document the level and degree of completeness during the scope verification process
B. Since the project ended due to starvation, you should document the level and degree of completeness during the scope verification process
C. Since the project ended due to integration, scope verification process is no longer necessary
D. Since the project ended due to integration, you should document the level and degree of completeness during the scope verification process
E. Since the project ended due to extinction, scope verification process is no longer necessary
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