You Did Not Understand What the Term Accrual Meant and Failed

question 222

Multiple Choice

You did not understand what the term accrual meant and failed to accrue the interest due at the end of the year on the company's bonds.Which of the IMA standards appears to have been violated?

• A) integrity
• B) confidentiality
• C) competence
• D) objectivity

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Definitions:

Parallel Structure

The repetition of a chosen grammatical form within a sentence to provide clarity and improve writing style.

Sentence Variety

The use of different types and structures of sentences in writing, aimed at enhancing readability and keeping the reader engaged.

Concise Language

The use of brief and direct expression in writing or speech, avoiding unnecessary words and redundancy.

Seaquake

An earthquake that occurs under the sea bed and can cause tsunamis and other significant marine disturbances.