Generally accepted auditing standards include
a. standards of field work.
b. standards of reporting.
c. standards of ethics.
d. All of the above.
e. Items a and b only.
f. Items b and c only.
Question 2
Which of the following statements is true about activity-based budgeting?
A) activity-based budgeting estimates total costs more accurately than cost-based budgeting
B) activity-based budgeting provides more detailed information than cost-based budgeting
C) activity-based budgeting is cheaper than cost-based budgeting
D) activity-based budgeting is simpler to implement than cost-based budgeting
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