Which of the Following Would an Accountant Not Need to Know

question 86

Multiple Choice

Which of the following would an accountant not need to know when conducting a compilation?

• A) The accounting principles and practices of the industry in which the entity operates.
• B) A general understanding of the nature of the entity's business transactions and the form of its accounting records.
• C) The accounting basis on which the financial statements are to be presented.
• D) The accountant would need to know all of the above when conducting a compilation.

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Definitions:

Situational Influences

External factors or conditions that affect an individual's behavior, decisions, and feelings in a specific context.

Drivers' Behavior

Pertains to the actions and reactions of drivers while operating a vehicle, often studied to improve road safety and reduce accidents.

Trait Heritability

The degree to which genetic differences among individuals contribute to individual differences in observed behavior or trait manifestation.

Repression

A defense mechanism where an individual unconsciously blocks out painful or unpleasant memories, thoughts, or feelings.