A.the cost of engaging an external auditor

B.the cost of preparing a cost-benefit report for a new project

C.the cost of employing an internal auditor

D.the cost of preparing a financial report for shareholders

A.Accounting standards provide the basic knowledge upon which the conceptual framework is developed.

B.Accounting standards prescribe the possible accounting treatments.

C.Australian accounting standards are based on the US GAAP.

D.Accounting standards are developed and maintained using a consultative process with the OECD.

A.having their shareholders be tolerant of low profits if higher profits are expected in the future.

B.being able to take more risks without shareholders' consent.

C.having their shareholders invest more money into expanding the company's operations.

D.being able to decide what information needs to be made available to shareholders.

A.to provide advice on accounting standards to the OECD

B.to establish high quality professional standards in accountancy

C.to issue new international financial reporting standards (IFRS)

D.to provide direction to the Financial Accounting Standards Board (FASB)

A.bonus-related pay

B.personal incentives

C.benefits from shares and share options

D.public good