Which of the Following Is Not an Important Factor in Ensuring

question 45

Multiple Choice

Which of the following is not an important factor in ensuring the integrity of accounting information?

• A)Institutional factors,such as standards for preparing information.
• B)Professional organizations,such as the American Institute of CPAs.
• C)Competence,judgment,and ethical behavior of individual accountants.
• D)The cost of preparing the financial information.

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Definitions:

Standard Credit Company

A hypothetical or generic name for a company that provides credit services, evaluating creditworthiness and offering loans or credit to individuals and businesses.

Equal Credit Opportunity Act

A U.S. law aimed at granting all individuals a fair opportunity to obtain credit, prohibiting discrimination based on race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.

Consumer Finance Corporation

A financial institution that provides loans to consumers for purchasing consumer goods and services.

Suitability

The appropriateness of a specific investment or financial decision to an individual's unique situation.