Match the descriptions that follow with the appropriate terms. 1. Preparation of financial statements that mislead the
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1. Preparation of financial statements that mislead the public.
2. An important underpinning of financial reporting.
3. A law that strengthened financial reporting of public companies and their auditors.
4. Have a duty to prepare financial reports that are not false or misleading.
a. Ethics
b. Fraudulent financial reporting
c. Accountants
d. Sarbanes-Oxley Act
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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