Documentacc - 1 All of the following must certify that a...

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1. All of the following must certify that a public company's financial statements are accurate, complete, and not misleading, except for the A. chief financial officer.B. director of human resources.C. chief executive officer.D. independent auditor. 52. General-purpose external financial statements are not primarily intended for A. management.B. investors.C. suppliers of goods and services.D. lending institutions. 53. Financial statements are audited by outside accountants A. because it is a requirement stated in the Internal Revenue Code.B. only when fraudulent financial reporting is suspected. C. who then report on whether or not the company is a good investment.D. to increase the users' confidence in the statements' reliability. 54. Financial statements have faithful representation when the information has all of the following except A. complete information.B. information that is free from error.C. neutral information.D. material information. 55. According to the FASB, the usefulness of accounting is judged by which of the following two qualitative characteristics of accounting information? A. Comparability and neutrality B. Understandability and comparabilityC. Verifiability and timelinessD. Relevance and faithful representation 56. The qualitative characteristic of faithful representation includes A. materialityB. confirmative value.C. timeliness.D. neutral information. 57. Accounting information should make a difference to the outcome of a decision, according to the qualitative characteristic of A. faithful representation.B. relevance.C. consistency. D. understandability. 58. The user can depend on the accuracy of financial information when which of the following qualitative characteristics has been followed? A. RelevanceB. Faithful representation C. UnderstandabilityD. Timeliness 59. The Securities and Exchange Commission instituted rules requiring the chief executive
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