In its focus on bottom-line financial value, the ________ approach often overlooks the "option value" of brands and their potential to affect future revenues and costs

Independent accounting firms that provide auditing services for public companies are called ________

A) forensic auditors B) external auditors C) cost accountants D) domestic auditors E) financial analysts

There is no prescribed income statement format under IFRS whereas U.S. GAAP requires the use of the single-step or the multiple-step format

Indicate whether the statement is true or false