Which of the Following Statements Is False

question 112

Multiple Choice

Which of the following statements is false?

• A)The board of directors meets with the external auditors to discuss management's compliance with their financial reporting obligations.
• B)The external auditors are selected by the Securities & Exchange Commission (SEC).
• C)The Securities & Exchange Commission (SEC) requires publically traded companies to have their financial statements audited by an independent accountant.
• D)The external auditors assume some responsibility with respect to the fairness of the financial statements.

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Definitions:

Positive Reinforcement

A process in psychology where a behavior is encouraged by rewarding it, leading to an increase in the occurrence of that behavior.

Escape Learning

A form of learning in which an organism learns to perform an action in order to terminate an unpleasant stimulus.

Negative Punishment

A behavior reduction strategy where a favorable stimulus is removed following the undesired behavior.

Avoidance Learning

A process in behavioral psychology where a subject learns to prevent the occurrence of an unpleasant stimulus by performing a particular behavior.