Why Is International Harmonization of Auditing Standards Important

question 12

Multiple Choice

Why is international harmonization of auditing standards important?

• A)to be consistent with harmonized international accounting standards
• B)to ensure the independence of external auditors of multinational corporations
• C)to assure international capital markets that auditing has been consistent across companies
• D)to reduce the authority of individual governments to enact accounting laws

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Definitions:

Coming Out

The process of defining oneself as gay or lesbian.

Gay

A term used to describe a person who is emotionally, romantically, or sexually attracted to members of the same gender.

Lesbian

A woman who is emotionally, romantically, and/or sexually attracted to other women.

Teen Mothers

Young female individuals, typically in their teenage years, who have become mothers.