国际会计第二章练习题.pptVIP

一、Single Choice 1. Which of the following is not an argument against harmonization? (A ) A. Major differences in accounting practices act as a barrier to capital flowing, harmonization will enhance comparability of financial statements, thus making them easier to use across countries. B. Investors are rational enough to spend the necessary time and money to correctly analyze investment opportunities and focus on real economic results; they can make investment decisions without the presence of international accounting standards. C. Differences in the economic, political, legal, and cultural environment in countries as a justification for financial reporting differences. D. Critics have portrayed harmonization as a form of accounting colonialism with the accounting standards of the developed countries becoming the “defacto” international standards of whether they are suitable for developing countries. 1. The key developmental organization for international accounting standards is ( A ). A. International Accounting Standards Board B. International Federation of Accountants C. International Organization of Securities Commissions D. International Organization of Accounting Standards Setter 10. Which international organization issued International Standards on Auditing ( B ) A. International Accounting Standards Board B. International Federation of Accountants C. International Organization of Securities Commissions D. International Organization of Accounting Standards Setter 2. Which of the following supranational organizations does not engage in accounting harmonization? ( C) A. International Accounting Standards Board (IASB) B. International Federation of Accountants (IFAC) C. International Committee of the Red Cross (ICRC) D. International Organization of Securities Commission (IOSCO) 3. Which of the following harmonization scenarios was the most successful? (C ) A. Bilateral or mutual agreements B. World-class issu