Statements on Standards for Accounting and Review Services Establish Standards

question 41

Multiple Choice

Statements on Standards for Accounting and Review Services establish standards and procedures for which of the following engagements?

• A)Assisting in adjusting the books of account for a partnership.
• B)Examining prospective financial statements.
• C)Processing financial data for clients of other accounting firms.
• D)Compiling an individual's personal financial statement to be used to obtain a mortgage.

---

Definitions:

Observable Behavior

Any action or reaction of a person or animal that can be directly seen or measured.

Cognitive Processes

Mental activities that include thinking, understanding, learning, and remembering.

Introspection

Deliberate looking into one’s own cognitive processes to examine one’s thoughts and emotions.

Continuous Reinforcement

A schedule of reinforcement in which every correct response is reinforced.