As Part of Her Annual Review Roma Lazor Reviews Her

question 49

Multiple Choice

As part of her annual review Roma Lazor reviews her client's draft financial statements for proper disclosurand compliance to accounting standards. This best describwhich control objective(s) ?

• A) posting
• B) classification and understandability
• C) valuation
• D) timeliness

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Definitions:

Categorical

Absolute and unconditional; pertaining to statements or propositions that express a simple assertion without conditions.

Generalization

A broad statement or concept obtained by inference from specific cases.

Particular Case

A specific instance or example of a general rule or situation.

Pure Hypothetical

A conditional statement or proposition that is entirely based on speculation rather than factual evidence.