A: Financial Service Authority (FSA).
B: Securities and Exchange Commission (SEC).
C: International Accounting Standards Board (IASB).
举一反三
- Who issues International Financial Reporting Standards? A: The IFRS Advisory Committee B: The stock exchange C: The International Accounting Standards Board D: The government
- The<br/>Financial Accounting Standards Board has the responsibility for<br/>setting accounting and financial reporting standards for ( ) A: All federal and state<br/>organizations. B: All not-for-profit<br/>organizations that are nongovernmental and business entities. C: All not-for-profit organizations. D: Both B) and C) are correct.
- Which of the following statements about financial statements and reporting standards is least accurate（） A: Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions. B: The objective of financial statements is to provide economic decision makers with useful information. C: Reporting standards ensure that the information in financial statements is useful to a wide range of users.
- Which of the following is least likely to be considered an objective of financial market regulation according to the International Organization of Securities Commissions (IOSCO)（） A: Protect investors. B: Reduce systemic risk. C: Develop individual financial regulatory standards for each country to reflect the unique needs of each market.
- Which of the following statements about financial statements and reporting standards is least accurate（） A: Reporting standards focus mostly on format and presentation and allow management wide latitude in assumptions. B: The objective of financial statements is to provide economic decision makers with useful information. C: Financial statements could potentially take any form if reporting standards didn’t exist.
内容
- 0
Which of the following statements about financial reporting standards is least accurate Reporting standards:（） A: narrow the range within which management estimates can be seen as reasonable. B: make financial statements comparable to one another. C: are disclosed on Form 8 -K by publicly traded firms in the United States.
- 1
Firms that prepare their financial statements according to International Financial Reporting Standards (IFRS) are least likely to:（） A: revalues balance sheet assets upward. B: use last-in, first-out inventory accounting. C: use proportionate consolidation for a joint venture.
- 2
Professional organizations of accountants and auditors that establish financial reporting standards are called :（） A: Regulatory authorities. B: Financial services authorities. C: Standard setting bodies.
- 3
The responsibilities of management include （ ） A: preparing for financial statements B: Establishing effective internal control over financial reporting¡ C: Compliance of regulations of companies D: Complaince with auditing standards
- 4
Which of the following is a true statement about International Financial Reporting Standards? A: They are not needed for U.S. businesses since the United States already has the strongest accounting standards in the world. B: They are more exact (contain more rules) than U.S. generally accepted accounting principles. C: They are converging gradually with U.S. standards. D: They are not being applied anywhere in the world yet, but soon they will be.