Intermediate Accounting Volume 1, 13th Canadian Edition by Donald E. Kieso Test bank

        d                 45.        Use of professional judgement
        b                 46.        SOX
Answer           No.     Description
        a                 47.        Advancement of technology on financial reporting
        a                 48.        IASB principles regarding funding
        c                  49.        Rules-based GAAP body of knowledge
        b                 50.        Data governance
        a                 51.        Sustainability reporting
 
Exercises
 
Item                Description
E1-52                 Effective capital allocation
E1-53                 Financial statements in practice and theory
E1-54                 Stakeholders in the financial reporting environment
E1-55                 Sources of capital and stages of company growth
E1-56                 Objective of financial reporting
E1-57                 Traditional users vs. others
E1-58                 Imperfection of the stakeholder financial reporting environment
E1-59                 User needs
E1-60                 Merits of accrual vs. cash-basis accounting
E1-61                 Information asymmetry
E1-62                 Maintaining competitive advantage
E1-63                 Management bias in financial statement presentation
E1-64                 Financial versus managerial accounting
E1-65                 Role of securities commissions and stock exchanges
E1-66                 Purpose of accounting standards and standard setting
E1-67                 ASPE vs. IFRS
E1-68                 IFRS Discussion Group
E1-69                 Sources of GAAP
E1-70                 Professional judgement
E1-71                 SOX and standard setting
E1-72                 Role of executives and management in a post-SOX world
E1-73                 Technology and financial information
E1-74                 Principles- versus rules-based approaches