Question

Standards for the preparation and presentation of financial statements are known as ________. A. engagements and...

Standards for the preparation and presentation of financial statements are known as ________.

A. engagements and agreements

B. generally accepted accounting principles

C. generally accepted auditing standards

D. auditor's opinions
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Answer #1

Answer: B. Generally accepted accounting principles

Explanation:

Thus,

Standards for the preparation and presentation of financial statements are known as 'Generally accepted accounting principles".

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