Examlex
Which of the following best describes the internal structure of the earth?
GAAS Auditing
Standards that guide the conduct of audits on the financial statements of companies, known as Generally Accepted Auditing Standards.
Adverse Opinion
An auditor’s opinion that states that deviations from generally accepted accounting principles are so serious that an unqualified opinion is impossible and a qualified opinion is not justified.
GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction.
FASB
Stands for Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.
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