Because Company Policies Are Reflected in the Financial Statements, It

question 105

Multiple Choice

Because company policies are reflected in the financial statements, it is important that auditors:

• A) carefully evaluate basic policy decisions.
• B) periodically review information on accounting policies to determine if there has been a change.
• C) include the primary accounting policies in the permanent file.
• D) all of the above

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Definitions:

Tone

The general feeling conveyed by your messages, formed through your chosen style.

Formality

The level of adherence to established rules, conventions, or ceremony, often reflected in language, dress, or behavior.

Type Style

The characteristic appearance of printed text, determined by various attributes of the font used, such as size, weight, and spacing.

Text Characters

Text characters are the individual letters, numbers, symbols, or spaces used in writing or displayed on screens.