Which of the Following Statements Is True of the Rule

question 43

Multiple Choice

Which of the following statements is true of the rule of accounting principles in the AICPA's Code of Professional Conduct,ET Sec.200,Rule 203?

• A) A member shall express an opinion or state affirmatively that the financial statements of an entity are presented in conformity with GAAP.
• B) A member shall state that he or she is not aware of any material modifications that should be made to financial statements if they contain any departure from accounting principles that has a material effect.
• C) A member shall not state that he or she is aware of any material modifications that should be made to financial statements if they contain any departure from accounting principles that has a material effect.
• D) A member shall not express an opinion or state affirmatively that the financial statements of an entity are presented in conformity with GAAP.

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Definitions:

Negative Reinforcement

A learning process where the removal of an unpleasant stimulus strengthens a behavior.

Long-Lasting Suppression

The prolonged inhibition or reduction of a response or activity.

Extinction

In behavioral psychology, the process by which a previously learned response diminishes or disappears following discontinuation of reinforcement.

Puzzle Box

An experimental device used in animal learning experiments, especially in the study of operant conditioning and problem-solving.