Q1. Which of the following is least likely to be considered a stated goal of the International Accounting Standards Board (IASB)?

A)   Develop global accounting standards requiring transparency, comparability, and high quality in financial statements.

B)   Remain neutral in the debate on the use of global accounting standards to avoid appearance of a conflict of interest.

C)   Account for the needs of emerging markets and small firms when implementing global accounting standards.

Q2. When a publicly traded U.S. company prepares a proxy statement for its shareholders prior to the annual meeting or other shareholder vote, it also files the statement with the SEC as Form:

A)   DEF-14A.

B)   8-K.

C)   144.

Q3. Professional organizations of accountants and auditors that establish financial reporting standards are called:

A)   Regulatory authorities.

B)   Standard setting bodies.

C)   International organizations of securities commissions.

答案和详解如下：

Q1. Which of the following is least likely to be considered a stated goal of the International Accounting Standards Board (IASB)?

A)   Develop global accounting standards requiring transparency, comparability, and high quality in financial statements.

B)   Remain neutral in the debate on the use of global accounting standards to avoid appearance of a conflict of interest.

C)   Account for the needs of emerging markets and small firms when implementing global accounting standards.

Correct answer is B)
The IASB has four stated goals:
1. Develop global accounting standards requiring transparency, comparability, and high quality in financial statements.
2. Promote the use of global accounting standards.
3. Account for the needs of emerging markets and small firms when implementing global accounting standards.
4. Achieve convergence between various national accounting standards and global accounting standards.

Q2. When a publicly traded U.S. company prepares a proxy statement for its shareholders prior to the annual meeting or other shareholder vote, it also files the statement with the SEC as Form:

A)   DEF-14A.

B)   8-K.

C)   144.

Correct answer is A)
Form DEF-14A: When a company prepares a proxy statement for its shareholders prior to the annual meeting or other shareholder vote, it also files the statement with the SEC as Form DEF-14A.
Form 8-K: Companies must file this form to disclose material events including significant asset acquisitions and disposals, changes in management or corporate governance, or matters related to its accountants, financial statements, or the markets on which its securities trade.
Form 144: A company can issue securities to certain qualified buyers without registering the securities with the SEC, but must notify the SEC that it intends to do so.

Q3. Professional organizations of accountants and auditors that establish financial reporting standards are called:

A)   Regulatory authorities.

B)   Standard setting bodies.

C)   International organizations of securities commissions.

Correct answer is B)

Standard-setting bodies are professional organizations of accountants and auditors that establish financial reporting standards. Regulatory authorities are government agencies that have the legal authority to enforce compliance with financial reporting standards. Regulatory authorities, such as the Securities and Exchange Commission (SEC) in the U.S. and the Financial Services Authority (FSA) in the United Kingdom, are established by national governments. Most national authorities belong to the International Organization of Securities Commissions (IOSCO).

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