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NEW QUESTION: 1
In 1947, the American Institute of Certified Public Accountants (AICPA) adopted GAAS to establish standards for audits. Which of the following categories of audit standards established by GAAS are related to professional and technical competence, independence, and professional due care?
A. Risk Analysis standards
B. Reporting standards
C. General standards
D. Field work standards
Answer: C
Explanation:
In 1947, the American Institute of Certified Public Accountants (AICPA) adopted Generally Accepted Auditing Standards (GAAS) to establish standards for audits. The standards cover the following three categories: General Standards: They relate to professional and technical competence, independence, and professional due care. Field Work Standards: They relate to the planning of an audit, evaluation of internal control, and obtaining sufficient evidential matter upon which an opinion is based. Reporting Standards: They relate to the compliance of all auditing standards and adequacy of disclosure of opinion in the audit reports. If an opinion cannot be reached, the auditor is required to explicitly state their assertions.
Answer B is incorrect. There was no such category of standard established by GAAS.
NEW QUESTION: 2
What are functions of SAP Extended Warehouse Management?
There are TWO correct answers for this Question
Response:
A. Inventory management at storage bin level
B. Putaway with transfer orders
C. Expected goods receipt
D. Inventory management at storage location level
Answer: A,C
NEW QUESTION: 3
CORRECT TEXT
The abbreviation Rx means
Answer:
Explanation:
Prescription