Which of These Is a Future Direction in Accounting and Auditing

question 28

Multiple Choice

Which of these is a future direction in accounting and auditing?

• A)The convergence of international accounting standards and the FASB standards
• B)An improvement in the quality of international auditing standards and their increased acceptance
• C)An increase is sustainability accounting and reporting
• D)All of the above

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Definitions:

Hydrate

A compound that contains water molecules bound to another compound or within its crystal structure.

Benzophenone

A compound used in organic synthesis and as a photoinitiator, characterized by a central benzene ring bonded to two carbonyl groups.

Triphenylmethanol

A white crystalline solid organic compound, used often as an intermediate in the synthesis of other chemicals.

Toluene

A flammable liquid hydrocarbon that is extracted from coal tar and petroleum, used as a solvent and chemical feedstock.