6- Setting an appropriate risk level for the company is the responsibility of

A- The financial officer

B- Board of directors

C- The management

D- CEOs

7- In the U.S, shortcomings in corporate governance that led to the failure of Enron and WorldCom led to:

A- The issuance of Sarbanes Oxley act

B- Global financial crises

C- A and B

D- None of the above

9- IFRS 13 provides a definition of fair value in which the fair value of an asset is:

A-The replacement cost

B-The selling Price

C- The average of replacement cost and selling price

D- None of the above

10- According to IFRS 13, fair value is:

A- Historical cost

B- Entry price

C- Exit price

D- None of the above

11- In order to apply the concept of fair value, the burden of proof to show that the market is inactive is on:

A- The accountant

B- The auditor

C- The market participants

D- None of the above

12- The theorizing effort that focuses on stockholders interaction with financial reporting in the financial markets place is:

A) Capital market research

B) Behavioral research

C) A and B

D) None of the above

17- The best environment in terms of market efficiency- to conduct Capital markets based research in accounting is:

A) Weak form

B) Semi-strong form

C) Strong form

D) None of the above

18- Theoretically: The need for accounting-for-changing-prices information is related to the shortcomings of:

A) Historical cost accounting

B) Market value accounting

C) Inflation accounting

D) None of the above

19- The accounting type which assumes that the purchasing power of the monetary unit is fixed and stable is:

A) Historical cost accounting

B) Market value accounting

C) Inflation accounting

D) None of the above

20- The field of study which deals with the mechanisms of restricting the consequences of the conflict of interest by the executives is referred to as

A-Corporate governance

B-Corporate management

C-Corporate risk management

D-None of the above is correct

24- Moderating year-to-year fluctuations in income by shifting earnings from peak years to less successful periods is:

A) Income smoothing,

B) Quality of earnings.

C) Relevance.

D) Faithfull representation.

25-development that encounters the requests of the current without affecting the capacity of coming generations to encounter their own needs,is:

A- Social responsibility

B- Corporate governance

C-Sustainability development

D- None of the above

26-Sustainability reporting is also known as:

A- Environmental, Social and Governance Reports

B- Stakeholder Reports.

C- A and B

D- None of the above

27- The framework which brings together financial, environmental, social and governance information in a clear, concise, consistent and comparable format, is:

A- Integrated reporting framework

B- Conceptual framework of accounting

C- Auditing framework

D- None of the above

29- The accounting system that is implemented by the organization to measure and record its environmental performance is

A- Environmental management system

B-Management accounting system

C-Cost accounting system

D- None of the above

30-The three parts of the triple bottom line are:

A- Financial, Economic and Government

B- Economic, Environmental and Social,

C- Economic, Stakeholder and Employee

D- Financial, Customer and Government