A Key Question to Ask in Determining the Credibility of a Website

question 14

Multiple Choice

A key question to ask in determining the credibility of a website is…

• A) Are the claims plausible
• B) Is the site well designed
• C) Is the name of the site impressive
• D) How many people have visited the site

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Definitions:

Principles Of Internal Control

Principles Of Internal Control are the guiding rules designed to safeguard assets, ensure accurate financial reporting, promote operational efficiency, and encourage adherence to policies.

GAAP

Generally Accepted Accounting Principles are a compilation of universally accepted standards and rules for accounting and financial reporting.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines outlining how transactions and other accounting events should be reported in financial statements.

Internal Control Procedures

Methods and guidelines set up by an organization to guarantee the accuracy of fiscal and accounting data, encourage responsibility, and deter dishonest practices.