Hey !
Your answers are mentioned as under :
I. Clawback. 1
H. Dodd- Frank Act. 2
G. Audit. 3
F. Sarbanes-Oxley Act. 4
E. Internal Control. 5
D. Prevention. 6
C. Fraud triangle. 7
B. Ethical path. 8
A. Ethics. 9
Match each of the numbered descriptions I through 9 with the term or phrase it best...
choices are: audit, dodd frank act, ethics, fraud triangle,
internal controls, prevention, sarbanes oxely act
Exercise 1-5 Identifying ethical terminology LO C3 Match each of the descriptions with the term or phrase it best reflects. Termor Phrase Audit Description 1. Requires the SEC to pay whistleblowers 2. Examine whether financial statements are prepared uung GANP does not sure absolute accuracy of the statements 3. Requires documentation and verification of internal controls and increases emphasis on internal control effectiveness 4. Procedures...
2. Amount a business ears in excess of all expenses and costs associated with its sales and revenues. 3. A group that sets accounting principles in the United States 4. Accounting professionals who provide services to many clients. Indeninion that daterminanthar an nantian in een SFTP Description 1. Requires the SEC to pay whistleblowers 2. Examines whether financial statements are prepared using GAAP; it does not ensure absolute accuracy of the statements. 3. Requires documentation and verification of internal controls...
Match each of the descriptions with the term or phrase it best reflects Description 1. An assessment of whether financial statements follow GAAP 2. Amount a business earns in excess of all expenses and costs associated with its sales and revenues. 3. A group that sets accounting principles in the United States 4. Accounting professionals who provide services to many clients | 5. Principles that determine whether an action is right or wrong. mework 1 Consider the following separate situations,...
1. Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee? A. Management's failure to renegotiate unfavorable long-term purchase commitments.B. Recurring operating losses that may indicate going concern problems.C. Evidence of a lack of objectivity by those responsible for accounting decisions.D. Management's current plans to reduce its ownership equity in the entity. 2. After obtaining an understanding of internal control and arriving at a preliminary assessed level...