Which of the following circumstances that may not create familiarity threats ? a) Long association with business contacts influencing business decisions b) Accepting a gift or preferential treatment, unless the value is very small. c) Commenting publicly on future events in particular circumstances, having made assertions without sufficient support d) Accounting entries being subject to review and justification by the same person responsible for making those entries. Only a) and d) Only b) , c) and d) Only d) Only c) and d
Which of the following circumstances that may not create familiarity threats ? a) Long association with business contacts influencing business decisions b) Accepting a gift or preferential treatment, unless the value is very small. c) Commenting publicly on future events in particular circumstances, having made assertions without sufficient support d) Accounting entries being subject to review and justification by the same person responsible for making those entries. Only a) and d) Only b) , c) and d) Only d) Only c) and d
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following circumstances that may not create familiarity threats ?
a) Long association with business contacts influencing business decisions
b) Accepting a gift or preferential treatment, unless the value is very small.
c) Commenting publicly on future events in particular circumstances, having made assertions without sufficient support
d) Accounting entries being subject to review and justification by the same person responsible for making those entries.
Only a) and d)
Only b) , c) and d)
Only d)
Only c) and d)
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