Which of the Following Is NOT Considered a Part of GAAP

question 24

Multiple Choice

Which of the following is NOT considered a part of GAAP in Mexico?

• A)MIPA Bulletins
• B)MIPA Interpretations
• C)International Financial Reporting Standards
• D)NBSC Statements on Accounting Practice

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Definitions:

Organizational Grapevines

Informal channels of communication within an organization, through which rumors and unofficial information are often spread.

Formal Communication

The structured flow of information through the officially recognized channels within an organization.

Grapevine Communication

Informal channels of communication within an organization, often based on rumors or gossip.

Active Listening

A communication technique that involves fully concentrating, understanding, responding, and remembering what is being said.