Standards Related to Information Technology Are Not as Well-Developed or Universally

question 281

Multiple Choice

Standards related to information technology are not as well-developed or universally accepted as standards in some other audit areas. Financial statements that are fairly presented meet the following ____________: Generally accepted accounting principles are used Appropriate accounting principles are used Financial statements address matters that may affect their use or interpretation Financial statements classify and summarize information in a reasonable manner Financial statements reflect underlying transactions and events in a way that facilitates the presentation of the financial position, results of operation , and cash flows

• A) Limitations
• B) Guidelines
• C) Objective controls
• D) Processing controls

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Definitions:

War Industries

Sectors of the economy involved in the production of weapons, military equipment, and other goods necessary for conducting warfare.

Conditioned Stimulus

In classical conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

Operant Responding

A behavioral concept where the strength of a behavior is modified by reinforcement or punishment.

Negative Reinforcement

A behavioral concept where the removal of an unfavorable event or outcome after the display of a behavior increases the likelihood of the behavior being repeated in the future.