Free CFEX Exam Braindumps (page: 18)

Page 17 of 41

Which of the following is NOT standard of generally accepted accounting principles?

  1. Conservatism
  2. Cost
  3. Full disclosure
  4. Quality control

Answer(s): D



A typical issue involving material and fraud would be:

  1. Fraudulent statement
  2. Misappropriations
  3. Civil lawsuit
  4. Quality control

Answer(s): B



By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

  1. Fraudulent statement
  2. Misappropriations
  3. Conservatism
  4. Matching

Answer(s): C



"Anticipate possible losses and omit potential profits", this results in:

  1. Asymmetrical accounting
  2. Symmetrical accounting
  3. Playing accounting
  4. Bearing accounting

Answer(s): A






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