When Two or More People Get Together for the Purpose

question 67

Multiple Choice

When two or more people get together for the purpose of circumventing prescribed controls it is called

• A) a fraud committee.
• B) collusion.
• C) a division of duties.
• D) bonding of employees.

Identify factors that influence the development of a country's financial reporting practices.

Know the international organization that currently issues IFRS.

Understand the issues and processes involved in converting financial statements from U.S. GAAP to IFRS.

Recognize the authoritative pronouncements of International Financial Reporting Standards (IFRSs).

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Definitions:

Escape

The act of getting away from a place or situation, often used in the context of avoiding or coping with negative circumstances or feelings.

Unpleasant

Causing discomfort, unhappiness, or revulsion; not enjoyable or pleasant.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Response

A reaction to a specific stimulus or situation, which can be physical, emotional, or cognitive.