The Financial Accounting Standards Board Established

question 82

Multiple Choice

The Financial Accounting Standards Board established:

• A) The generally accepted liability insurance agreement
• B) The auditing perfections standards
• C) The generally accepted accounting principles
• D) The certified public accounting standards
• E) The requirements for licensing accountants

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Definitions:

Rewarding

Providing a positive benefit or reinforcement following a desired behavior, thereby increasing the likelihood of its future occurrence.

Learned Optimism

The concept of developing a more positive outlook on life through techniques that challenge and change negative beliefs and attitudes.

Internal/External

Refers to perspectives, influences, or factors originating from within or from outside an entity.

Stable/Unstable

Pertains to the degree of constancy or variability in a system's state; stable implies little or no change, whereas unstable indicates high likelihood of change.