Why Was the Issuance of International Standard on Auditing 13

question 49

Multiple Choice

Why was the issuance of International Standard on Auditing 13 (IAS 13) considered so important to harmonization of auditing standards?

• A)It required all multinational corporations to adopt international auditing standards by 2008.
• B)It specified the form and content of the annual report.
• C)It provided guidance on the form and content of the audit report.
• D)It requires the auditor to express an opinion on whether the statements give a true and fair view of corporate performance.

---

Definitions:

Mood-enhancing Chemicals

Natural or synthetic substances that can alter mood and emotional states, often influencing feelings of happiness and well-being.

Higher-intensity Exercise

Physical activity performed at a vigorous effort level, significantly elevating heart rate and enhancing cardiorespiratory fitness.

Total Calories

The overall amount of energy, measured in calories, provided by the consumption of food and drink.

Total Fat

Refers to the sum of all the different types of fat in a food or diet, including saturated, unsaturated, and trans fats.