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

---

Definitions:

Homework

Assigned tasks or exercises to be completed outside of class to reinforce learning or prepare for future lessons.

Shared Environmental Influences

Factors within an environment that similarly affect individuals who are growing up in the same setting, contributing to their similarities in behavior or traits.

Personality Measures

Tools and tests used to assess individual characteristics, traits, and patterns of thought, behavior, and emotion.

Children's Differences

Refers to the distinct physiological, psychological, and developmental variations observed among children, influenced by genetic, environmental, and social factors.