International accounting
6.
Which method is not allowed in US GAAP but is in IFRS?
| Revaluations of property plant and equipment. |
| Revaluations of Equity |
| Both a and b. |
| Revaluation of bad debts. |
| None of the answers apply |
7.
The section in Sarbanes Oxley that requires assessment of internal controls.
| 301 |
| 302 |
| 304 |
| 404 |
| None of the answers apply. |
8.
The section in Sarbanes Oxley that requires CEO and CFO to certify each quarterly and annual financial report.
| 301 |
| 302 |
| 304 |
| 404 |
| None of the answers apply. |
9.
Rules for filing annual financial statements that are submitted to the SEC are contained in _____.
| Codification |
| FASB pronouncements |
| regulation SX and SK |
| PCAOB prononcements |
| None of the answers apply. |
10
Rules for filing annual financial statements that are submitted to the SEC are contained in _____.
| Codification |
| FASB pronouncements |
| regulation SX and SK |
| PCAOB prononcements |
| None of the answers apply. |
In IFRS the accountings standard allows to use the revaluation of the items that are booked in the balance sheet.
Under the GAP any revaluation is not allowed unless the actual increase has been realized.
So the answer is “Both a and b”
The section 404 in Sarbanes Oxley that requires assessment of internal controls.
The section 302 in Sarbanes Oxley that requires CEO and CFO to certify each quarterly and annual financial report.
Rules for filing annual financial statements that are submitted to the SEC are contained in regulation SX and SK
International accounting 6. Which method is not allowed in US GAAP but is in IFRS? Revaluations...
International accounting. I 1.Canadian securities regulations require use of _______. US GAAP Canadian GAAP IFRS US GAAP or Canadian GAAP None of the answers apply 2. In Mexico a company can use_______ for financial reporting. IFRS US GAAP NAFTA US GAAP or IFRS None of the answers apply. 3. The _____ underpins any accounting standards in the United States. SEC FASB AICPA PCAOB None of the answers apply. 4. Rules for filing annual financial statements that are submitted to the...