Standards should be reviewed and updated
A) throughout the year, every time conditions and assumptions change.
B) only if variances are significant and indicate a change is required.
C) at the end of each period, once variances are known.
D)at the beginning of each year, in anticipation of what the variances will be for the year.

Question

Quizplus · Accepted Answer

Standards should be reviewed and updated at the end of each period, once variances are known.

Standards Should Be Reviewed and Updated