I need correct answers for 3 , 5 and 7 please with explanation. Please experts

assurance that the financial statem perform of the company? 1) Which paed by management fairly present the financial position party involved in the financial reporting process pron A)standard setters U) regulators C) accounting preparers D) external auditors al information? 2) Which of the following types of information would be categorized as A) Asset values govemed by accounting standards B) disclosures in annual reports C) Auditor's report D) All of the above 1 3) What group or organization accounting standard-setting process in both protects investors and oversees the a the United States? A) Public accounting firms B) American Institute of Public Accountants C) United States Securities and Exchange Commissiorn D) Financial Accounting Standards Board 4) Which of the following statements correctly identifies accounting standard setters A) The AICPA promulgates sates accounting standards in the U.S, and the IFRS issues international accounting standards B) The AICPA promu gates accounting standards in the U.S. and the IASB issues international accounting standards C) The FASB promulgates accounting standards in the U.S. and the IFRS issues international accounting D) The FASB promulgates accounting standards in the U.S. and the IASB issues international accounting 5 Which of the following defines fair value? The amount at which an asset could be bought or sold in a current transaction between willing parties B) The market value of an asset determined by a transaction between related parties. C) The amount at which an asset could be sold in a transaction occurring within the last year. D) The amount at which an asset could be bought or sold in a current transaction between any two parties. 6)indicates whether financial information depicts an economic event in a way that is complete, neutral, and free from error Relevance B)Faithful representation C) Verifiability D) Truthfulness is an example of a period-of-time element and appears on the A) accounts receivable; balance sheet depreciation expense; statement of shareholders' equity C) salary payable; balance sheet D) sales revenue; income statement