What is "expectation gap"?
a. The difference between what the public thinks the accountant is not doing and what the accountant knows they don't do.
b. The difference between what the public thinks the accountant is doing and what Congress says the accountant is doing.
c. The difference between what the public thinks the accountant is doing and what the accountant thinks they can do.
d. The difference between what the accountant is doing and what the Courts say the accountant should be doing.
Answer: C
Learn More :
Intermediate Accounting Chapter 1
- Which of the following is an ethical concern of accountants?
- What would be an advantage of having all countries adopt and follow the same accounting standards?
- What is not a reason that accounting standards may differ across countries?
- What is a possible danger if politics plays too big a role in accounting standard setting?
- What is not a source of pressure that may influence the accounting standard setting process?
- The purpose of the International Accounting Standards Board is to
- Financial accounting standard-setting in the United States
- Which of the following is not considered a component of generally accepted accounting principles?
- What is the purpose of a FASB Staff Position?
- Rule 203 of the Code of Professional Conduct addresses:
- Which of the following publications does not qualify as a statement of generally accepted accounting principles?
- Which of the following is not a part of generally accepted accounting principles?
- The most significant current source of generally accepted accounting principles is the
- Generally accepted accounting principles
- The following are part of the "due process" system used by the FASB in the evolution of a typical FASB Statement of Financial Accounting Standards:
- Members of the Financial Accounting Standards Board are
- The purpose of Statements of Financial Accounting Concepts is to
- An organization that has not published accounting standards is the
- Which of the following organizations has not been instrumental in the development of financial accounting standards in the United States?
- Which of the following pronouncements were issued by the Accounting Principles Board?
- The American Institute of Certified Public Accountants (AICPA) continues to be involved in all of the following except
- The purpose of the Emerging Issues Task Force is to
- FASB Technical Bulletins
- Which of the following is not a publication of the FASB?
1 comments:
I will recommend anyone looking for Business loan to mr benjamin who helped me with Four Million USD loan to startup my business and it's was fast When obtaining a loan from them it was surprising at how easy they were to work with.The process was fast and secure. It was definitely a positive experience.Avoid scammers on here and contact mr benjamin On. 247officedept@gmail.com . WhatsApp...+ 19893943740. if you looking for business loan.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.