Which of the Following Is a Set of Standards Created

question 4

Multiple Choice

Which of the following is a set of standards created by the AICPA for data files and fields in order to support external audits?

• A)Extract,Transform & Load (ETL).
• B)Online Analytical Processing (OLAP).
• C)Audit Control Language (ACL).
• D)Audit Data Standards (ADS).

Understand the use of derivative financial instruments in fair-value obligations.

Identify and explain the deficiencies of the modified cash basis in accounting for warranty costs.

Understand the accounting treatment of research and development costs under GAAP.

Identify the correct accounting for intangible assets with finite and indefinite lives.

---

Definitions:

Kernel of Truth

The idea that many myths, stereotypes, or exaggerated claims have a basis in fact, however small or misinterpreted that fact may be.

Perceived Homogeneity

The tendency to see members of an out-group as more similar to each other than they really are or than members of the in-group.

Stereotypes

Oversimplified generalized beliefs or expectations about the characteristics and behaviors of members of a group, often leading to prejudgment.

Behavioral Interpretation

The process of understanding actions and reactions through psychological principles.