Which of the following items is not contained in the standard report on a review of separately issued interim financial statements of public companies?
a. A description of the information reviewed.
b. A statement indicating that the standards of the PCAOB were followed in performing the review.
c. A description of the nature of the review.
d. Positive assurance that the auditor is not aware of any material departures from GAAP.
d
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Tia loves new electronic products, but she also wants to make sure she gets a good value for her money. Therefore, she waits a few months after a product is introduced to see whether all the kinks are worked out. In the meantime, she reads ratings and reviews. She also turns to her friend Jimmy, who is one of the first people to adopt and test out new products. She relies heavily on Jimmy's recommendations. When she is satisfied as to its value, she usually buys the product. Tia most likely fits into which category?
A. Early adopter B. Early majority C. Innovator D. Late majority E. Laggard
One of the most important reasons for understanding the overall economy is:
A) changing economic activity will impact the current business cycle stage. B) changing economic activity will directly impact revenues. C) changing economic activity will increase profits. D) All of the above.
The risk that occurs because stock prices fluctuate is called ________
A) stock market risk B) reinvestment risk C) interest-rate risk D) default risk
Which officers must certify the financial statements of a publicly traded company?
A) CEO B) CFO C) Head of internal audit D) Both a and b E)All of the above