Examlex
Do you believe in the paranormal? If so, you might not be surprised to hear of alien abductions, brushes with ghosts, or even imps and ghouls invading one's bedroom at night. It's certainly entertaining to believe in such otherworldly events. But the phenomenon of sleep paralysis might just provide a more viable explanation to these occurrences than traditional paranormal explanations. REM sleep is a deep cycle of sleep in which we have our most vivid dreams. At this stage, we are paralyzed. This might simply be a sort of safety device to stop us from acting out our dreams so that we don't, for example, attempt to fly. But during sleep paralysis, features of REM sleep continue even after we wake up. At this stage, we are paralyzed. As much as 8% of the population experiences this phenomenon, perhaps explaining many events that might otherwise be attributed to paranormal activity.
Which of the following best rephrases the topic of the passage?
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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