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82.
In the phrase "generally accepted accounting principles," the words
accounting principles
refers to:
83.
The accounting standards and concepts used in the preparation of financial statements
are called:
84.
Generally accepted accounting principles are the "ground rules" used in the preparation
of:
85.
The Financial Accounting Standards Board is:
86.
The Accounting Standards Codification was developed by:
87.
The body created by the Sarbanes Oxley Act and charged with oversight of the accounting
profession is the:
88.
The measures used by an organization to provide reasonable assurance that the
organization produces reliable financial reports, complies with applicable laws and
regulations, and conducts its operations in an efficient and effective manner are
collectively referred to as:
89.
In 2012 the SEC issued an extensive report regarding the use of IFRS by U.S. public
companies and listed which of the following as a major obstacle to adopting IASB
standards?
90.
The basic purpose of audited financial statements is to:
91.
The FASB takes on a responsibility to do the following,
except
:
92.
Which of the following is
not
recognized as a source of generally accepted accounting
principles?
93.
In the phrase "generally accepted accounting principles," the words
generally accepted
mean that the principles:
94.
Which of the following has the
least
impact upon the integrity of financial statements
issued by publicly owned corporations?
1-49
95.
Which of the following is
true
?
96.
Which organization best serves the professional needs of a CPA?
97.
An accounting principle must receive substantial authoritative support to qualify as
generally accepted. Among the organizations and agencies that have been influential in
the development of generally accepted accounting principles, which of the following has
provided the
most
influential leadership?
98.
The American Institute of Certified Public Accountants has a code of professional conduct
that expresses the accounting profession's recognition of its responsibilities to all of the
following
except
:
99.
The work of accountants practicing in public accounting may best be described as:
100.
The primary function of external auditors is to:
101.
Management accountants primarily are concerned with developing information:
102.
The designation of CPA is given by:
103.
One of the principal functions of CPAs is to:
1-54
104.
The SEC requires corporate officers to sign the Form 10-K, which is filed annually with the
SEC. Which of the following officers is
not
among those required to sign?
Essay Questions
