In the Audit of Historical Financial Statements, What Accounting Criteria

question 7

Multiple Choice

In the audit of historical financial statements, what accounting criteria is most common?

• A) Regulatory accounting principles.
• B) International financial reporting standards.
• C) Generally accepted accounting principles.
• D) B and C
• E) All of the above.

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Definitions:

Corporate Strategy

The overarching plan of action that determines the direction of an enterprise and its goal of creating, maintaining, and developing a competitive advantage.

HR Strategy

An organizational plan focusing on the management and development of human resources to achieve business objectives.

Organizational Strategy

A high-level plan to achieve one or more goals under conditions of uncertainty.

Internal Fit

The alignment between an organization’s strategies, practices, and the characteristics of its internal environment.