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Which of the following is true about the genetic disease Duchenne muscular dystrophy (DMD) ?
Internal Control Procedures
Processes implemented by a company to ensure integrity of financial and accounting information, promote accountability, and prevent fraud.
GAAP
GAAP stands for Generally Accepted Accounting Principles, which are standardized guidelines and practices for financial accounting and reporting in the U.S.
IFRS
International Financial Reporting Standards, a set of accounting guidelines that provide a global framework for businesses to prepare and disclose their financial statements.
Rules-based
Refers to systems or processes that are governed by a strict set of predefined rules or laws.
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