新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"Financial Report":Financial Reporting Quality
學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網(wǎng)校每日為大家上新CFA習題供大家練習。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
Which of the following conditions conducive to issuing low-quality financial reports is most likely a result of poor internal controls?
A、 Rationalization
B 、Opportunity
C、 Motivation
Questions 2:
Which of the following approaches will most likely reveal manipulation of financial reporting?
A、 Using EBITDA to adjust for non-recurring items
B 、Evaluating potential warning signals in isolation
C 、Comparing a company’s methods and policies to those of its peers
View answer resolution
【Answer to question 1】B
【analysis】
B is correct. Poor internal controls provide opportunities for errors or fraud to be incorporated in financial reporting without being detected.
A is incorrect. Rationalization takes place after the low-quality reporting act has taken place and is a psychological process used by individuals to justify their actions. Poor internal controls are not a psychological process.
C is incorrect. Motivation results from personal pressures or corporate pressures to report on a low-quality basis. Poor internal controls provide the vehicle through which low-quality reporting can be concealed, 解析
【Answer to question 2】C
【analysis】
C is correct. An investor should compare a company’s policies with those of its peers to determine whether its approaches match or differ from industry norms; if a company is the only one in its industry following a particular approach, a red flag is raised.
A is incorrect because companies may construct or report their own version of EBITDA. Thus, adjusting EBITDA for a non-recurring item, in and of itself, does not reflect or reveal manipulation or financial reporting.
B is incorrect because investors need to evaluate warning signals cohesively, not on an isolated basis.
成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。更多CFA考試資訊，點擊了解>
學員討論（0）
推薦閱讀
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號
