Which of the Following Has the Least Impact Upon the Integrity

question 84

Multiple Choice

Which of the following has the least impact upon the integrity of financial statements issued by publicly owned corporations?

• A)Federal securities laws.
• B)Professional judgment of the accountants who prepare the financial statements.
• C)Audits of the financial statements by the Internal Revenue Service.
• D)Competence and integrity of the CPAs who perform audits.

---

Definitions:

Average Variability

The typical extent to which data points in a dataset differ from the mean or average, often measured using variance or standard deviation.

Values

Core beliefs or standards that guide behavior and decision making, or, in statistics, numerical amounts or quantities.

Median

A statistical measure that determines the middle value of a dataset when it is ordered in ascending or descending order.

Amounts

Quantitative measures or quantities of items or entities.