Which of the Following Canadian Accounting Standards Are Not Included

question 19

Multiple Choice

Which of the following Canadian accounting standards are not included in the CICA Handbook?

• A)Publicly accountable enterprises
• B)Private enterprises
• C)Not-for-profit organizations
• D)Government

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Definitions:

Section 11

A provision of the U.S. Securities Act of 1933 that imposes liability on issuers and others for material misstatements or omissions in registration statements.

Securities Act of 1933

A U.S. law enacted to ensure greater transparency in financial statements so investors can make informed decisions.

Auditor Liability

The legal responsibility of auditors for their professional actions, particularly in relation to the accuracy of financial statements they audit.

Defective Registration Statement

A legal document filed with the SEC that contains inaccurate, misleading, or incomplete information about securities being offered for public sale.