Which Term Below Refers to Doing Testing to Prove That

question 41

Multiple Choice

Which term below refers to doing testing to prove that the claims in the manufacturer's literature about a test are accurate?

• A)Documentation
• B)Verification
• C)Confirmation
• D)Substantiation
• E)Validation

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Definitions:

IASB

International Accounting Standards Board, the organization responsible for issuing and updating International Financial Reporting Standards (IFRS).

Accounting Principles

Established guidelines and standards for financial reporting and accounting practices.

Conventions

Agreed-upon principles or practices that guide actions and decisions in specific contexts, such as accounting conventions which guide financial reporting.