Which Set of Standards Was Created by the AICPA to Cover

question 23

Multiple Choice

Which set of standards was created by the AICPA to cover services relating to unaudited financial statements?

• A)Standards on Selective Audits and Review Services (SSARS).
• B)Statement on Auditing Standards (SAS).
• C)Statements on Compilation and Review Standards (SCRS).
• D)Statements on Standards for Accounting and Review Services (SSARS).

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Definitions:

Cognitive Development

The development of cognitive processes such as memory, problem-solving abilities, and making decisions, starting in childhood and progressing through teenage years into adult life.

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in developmental psychology and his theory of cognitive development in children.

Thought Processes

The mental operations that allow individuals to perceive, understand, remember, and think about information.

Assimilation

A cognitive process in which new information is integrated into existing schemas or knowledge structures.