Diya uses certain principles, rules, and values such as honesty, compassion, and integrity in her daily life to determine what is right or wrong. Which of the following does she employ when making decisions?

Due to a scope limitation, an auditor disclaimed an opinion on the financial statements as a whole, but the auditors report included a statement that the current asset portion of the entity's balance sheet was fairly stated. The inclusion of this statement is

A. Not appropriate because it may tend to overshadow the auditor's disclaimer of opinion. B. Not appropriate because the auditor is prohibited from reporting on only one basic financial statement. C. Appropriate, provided the auditor's responsibility section adequately describes the scope limitation. D. Appropriate, provided the statement is in the basis for disclaimer of opinion paragraph preceding the disclaimer of opinion paragraph.

What is a corporate bond?

(A) Another name for corporate stock. (B) A high-risk investment in the proceeds of a corporation. (C) A bond issued by a corporation as a way to borrow money. (D) A bond issued by a local government but sold by a corporation.