I need correct answer with explaining why please experts?

that the financial statements financial reporting process provides assurance company? 1) Which party involved in the financial position and perfgrmance of the prepared by management fairly present the A) standard setters B) regulators C) accounting preparers D) external auditors 2) Which of the following types of information would be categorized as financial information? A) Asset values governed by accounting standards B) Footnote disclosures in annual reports Auditor's report Dy All of the above 3) What group or organization both protects investors and oversees the accounting standard-setting process in the United States? A) Public accounting firms B) American Institute of Public Accountants C)United States Securities and Exchange Commission D) Financial Accounting Standards Board 4) Which of the following statements correctly identifies accounting standard setters? A) The AICPA promulgates accounting standards in the US. and the IFRS issues international accounting standards B) The AICPA promulgates accounting standards in the U.S. and the IASB issues international accounting in standards. C) The FASB promulgates accounting standards in the U.S. and the IFRS issues international standards. D) The FASB promulgates accounting standards in the US. and the IASB issues international accounting standards 5) Which of the following defines fair value? A) The amount at which an asset could be bought or sold in a current transaction between willing parties. (B) The market value of an asset determined by a transaction between related parties. C) The amount at which an asset could be sold in a transaction occurring within the last year. D) The amount at which an asset could be bought or sold in a current transaction between any two parties 6)indicates whether financial information depicts an economic event in a way that is complete neutral, and free from error. A) Relevance B) Faithful representation C) Verifiability D) Truthfulness 7) Under U.S. GAAP A) accounts receivable; balance sheet P, is an example of a period-of-time element and appears on the reciation expense; statement of shareholders' equity G) salary payable; balance sheet D) sales revenue; income statement