During the 1990s the SEC Was Critical of the Accounting

question 69

Multiple Choice

During the 1990s the SEC was critical of the accounting profession for not sufficiently examining qualitative factors in making materiality decision.A qualitative factor generally not criticized by the SEC was

• A)assessing materiality levels too minimally.
• B)netting material misstatements.
• C)not applying materiality to "swings" in accounting estimates.
• D)consistently "passing" on individual adjustments not considered material.

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Definitions:

Slide Pane

In presentation software, a pane that displays a thumbnail view of all the slides in the presentation for easy navigation and editing.

Thumbnail Pane

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Notes Pane

A section in presentation and word-processing software where additional notes regarding the current slide or document can be added.

Sizing Handles

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