What is the primary criterion by which accounting information can be judged?
A. Consistency
B. Predictive value
C. Usefulness for decision making
D. Comparability
Answer: A. Consistency
Business
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Once an observation (finding) is identified by the internal auditor, it should be:
a) Documented in the workpapers. b) Included in the final audit report. c) Scheduled for follow-up. d) Reported to the external auditors.
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The Fly American Act is an example of a nontariff barrier
Indicate whether the statement is true or false
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