You Did Not Understand What the Term Accrual Meant and Failed

question 222

Multiple Choice

You did not understand what the term accrual meant and failed to accrue the interest due at the end of the year on the company's bonds.Which of the IMA standards appears to have been violated?

• A) integrity
• B) confidentiality
• C) competence
• D) objectivity

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Definitions:

Promote Health

Activities or practices aimed at enhancing well-being and preventing diseases.

Maslow's Theory

A psychological theory proposing a hierarchy of human needs, from basic physiological needs to self-actualization, influencing motivation and behavior.

Lower-Level Needs

Fundamental physiological and safety needs in Maslow's hierarchy, such as food, water, and security, that must be satisfied before higher-level needs.

Self-Esteem

An individual's subjective evaluation of their own worth or value.