Which of the Following Is NOT One of the Major

question 78

Multiple Choice

Which of the following is NOT one of the major safeguards in the financial reporting process?

• A) Earnings management
• B) Internal controls
• C) Internal auditors
• D) External auditors

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Definitions:

Unconformity

A surface of contact between two groups of unconformable strata, indicating a period of erosion or non-deposition between successive strata.

Water Table

The level below the Earth's surface where the ground is completely saturated with water, forming the upper surface of the groundwater.

Ground Water

Underground water stored in soil or within rock pores and cracks.

Hydraulic Gradient

The slope of the water table or potentiometric surface, indicating the direction and rate of groundwater flow.