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:

Employee Morale

Refers to the overall satisfaction, outlook, and feelings of well-being that employees feel about their workplace.

Deming

Refers to W. Edwards Deming, an American engineer, statistician, professor, author, lecturer, and management consultant known for his work in quality management and productivity improvement.

Quality Movement

A management approach focusing on continuous improvement of processes, products, and services to achieve superior quality and customer satisfaction.

Organizational Success

Organizational success refers to the achievement of the goals and objectives set by a business or organization, often measured by financial performance, market share, or customer satisfaction.