Internal Controls Are Crucial to Companies That Convert from U

question 129

Multiple Choice

Internal controls are crucial to companies that convert from U.S. GAAP to IFRS because of all of the following risks except:

• A) Ineffective communication of the change to investors, creditors, and others.
• B) Possible misstatement of financial information.
• C) Management's inability to certify the effectiveness of the controls.
• D) Possible fraud.
• E) Controls are significantly different across the globe.

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Definitions:

Intensifiers

Words or phrases used to give emphasis or stress on the degree of an attribute or action in communication.

Powerless Speech

A communication style characterized by hesitations, tag questions, and qualifiers that may indicate a lack of confidence or authority.

Non-Verbal Communication

The process of conveying a message without the use of words, which can include facial expressions, body language, and gestures.

Non-Verbal Communication

The process of transferring information through behaviors and cues rather than words, such as body language, gestures, and facial expressions.