CFA Practice Question

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CFA Practice Question

Which of the following factors are related to rationalizations?

I. Significant estimates and subjective judgment in accounting for assets, liabilities, revenues and expenses
II. Management's excessive interest in maintaining or increasing a firm's stock price
III. Management failing to correct known reportable conditions on a timely basis
IV. Employing inappropriate means to minimize earnings for tax purposes
V. Failure to effectively communicate a firm's ethical standards
Correct Answer: II, III, IV and V

I is related to opportunities.

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