If we reject the conditional hypothesis that the regression coefficient is zero, then we must conclude that the corresponding variable should not be included in the regression model

Auditors are required to communicate either orally or in writing with the audit committee about internal control weaknesses

Indicate whether the statement is true or false

Which of the following statements is true regarding the treatment of leases on the financial statements?

a. U.S. GAAP prohibits the presentation of leases on the financial statements since they are off-balance sheet transactions. b. U.S. GAAP criteria for lease capitalization are less strict than IFRS. c. The criteria concerning whether a lease is a capital lease are very different for IFRS and U.S. GAAP. d. The criteria required for lease capitalization under IFRS are considered more like guidelines rather than strict rules.