Specific Attestation Standards Have Been Developed in All but Which

question 75

Multiple Choice

Specific attestation standards have been developed in all but which of the following areas?

• A)Pro forma financial information
• B)Compliance with laws and regulations
• C)Prospective financial statements
• D)Standards have been developed for all of the above.

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Definitions:

Auditor's Report

An official opinion issued by an independent auditor regarding the accuracy and completeness of a company's financial statements.

SEC

United States Securities and Exchange Commission, the federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Stock Options

Contracts that give the holder the right, but not the obligation, to buy or sell a stock at a set price within a specified period.

GAAP

Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.