The CICA Handbook -- Accounting Is the Handbook of Canadian

question 29

Multiple Choice

The CICA Handbook -- Accounting is the handbook of Canadian accounting standards. Why do companies in Canada ensure that their financial reporting is consistent with Canadian GAAP?

• A) Their bank requires them to do so.
• B) Their auditors require them to do so.
• C) Reporting under the CICA Handbook -- Accounting is required by public companies' boards of directors.
• D) Compliance with the CICA Handbook -- Accounting pronouncements is usually required by incorporation statutes and stock exchanges.

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Definitions:

Interest Inventories

Tests that measure likes and dislikes as well as one’s personality orientation toward the world of work. Generally used in career counseling. It is a type of personality test.

Diagnostic And Statistical Manual

A publication by the American Psychiatric Association that offers a common language and standard criteria for the classification of mental disorders.

WWI Recruits

Individuals conscripted or volunteered for military service during World War I, often subject to various tests for intelligence and capability.

Rating Scales

Scales developed to assess any of a number of attributes of the examinee. Can be rated by the examinee or someone who knows the examinee well. Some commonly used rating scales include numerical scales, Likert-type scales (graphic scales), semantic differential scales, and rank-order scales. A type of informal assessment.