True/False
The annual financial statements of large corporations such as Microsoft or PepsiCo need not be audited by independent certified public accountants,since these firms maintain large accounting departments as part of their organizations.
Correct Answer:

Verified
Correct Answer:
Verified
Q59: Generally accepted accounting principles:<br>A)Are based on official
Q60: Return on investment is the same as
Q61: The tailoring of an accounting report to
Q62: In the phrase "generally accepted accounting principles,"
Q63: The Financial Accounting Standards Board is:<br>A)Responsible for
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Q66: The Code of Ethics of the AICPA
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Q68: The American Institute of Certified Public Accountants
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