answers to questions 1-5 8. Reviewing reports for SEC compliance Match each of t

Question

answers to questions 1-5

8. Reviewing reports for SEC compliance Match each of the numbered descriptions 1 through 5 with the term or phrase it best reflects. Indicate you answer by writing the letter A through H for the term or phrase in the blank provided. A. Audit B. GAAP C. Ethics E. SEC F. Public accountants G. Net income H. IASB D. Tax accounting 1. An exam ination of an organization's accounting system and its records that adds credibility to financial statements. 2. Am 3. An accounting area that includes planning future transactions to minimize taxes paid. 4. Accounting professionals who provide services to many clients. 5. Principles that determine whether an action is right or wrong. ount a business earns in excess of all expenses and costs associated with its sales and revenues. Match each of the numbered descriptions 1 through 9 with the term or phrase it best reflects. Indicate your answer by writing the letter A through H for the term or phrase in the blank provided. A. Ethics B. Ethical path C. Fraud triangle D. Prevention E. Internal controls F. Sarbanes-Oxley Act G. Audit H. Dodd-Frank Act I. Clawback

Explanation / Answer

Correct matching

1- A Audit

2-G Net Income

3- D Tax Accounting

4- F Public Accountants

5-G-GAAP

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