Reference no: EM132823954

Problem 1: Corporate governance is a matter for:

Option 1: The board of directors.
Option 2: The IASB when creating principles-based standards.
Option 3: The Australian Accounting Standards Board.
Option 4: All of these choices.

Problem 2: Which of the following would be an objective of an accounting analysis?

Option 1: Give an opinion on whether the financial statements are fairly presented.
Option 2: Undo accounting distortions.
Option 3: Reverse any internal transactions undertaken by the firm.
Option 4: All of these choices.

Problem 3: What is the first thing an analyst should consider when conducting an accounting analysis?

Option 1: What information can be used.
Option 2: The end goal or purpose of the analysis.
Option 3: If the firm had an auditor change.
Option 4: None of these choices.