Homework Answers
| Option D is the answer | ||
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Assurance services constitute the Attestation services i.e it involves one party monitors other, but do not involve in providing advices to each other. Comment if you face any issues |
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Assurance services differ from consulting services in that assurance services Focus on Providing Advice Involve Monitoring...
The following situations involve the provision of nonaudit services. Indicate whether providing the service is a...
The following situations involve the provision of nonaudit services. Indicate whether providing the service is a violation of AICPA rules or SEC rules including Sarbanes–Oxley requirements on independence. Explain your answer as necessary. Providing bookkeeping services to a public company. The services were preapproved by the audit committee of the company. Providing internal audit services to a public company audit client with the preapproval of the audit committee. Providing advice to a private company client on accounting for a merger...
a. Providing bookkeeping services to a public company The services were preapproved by the audit committee...
a. Providing bookkeeping services to a public company The services were preapproved by the audit committee of the company b. Providing internal audit services to a public company audit client with the preapproval of the audit committee c. Providing advice to a private company client on accounting for a merger with another private company d. Providing bookkeeping services to a private company The source documents were prepared and authorized by the client e. Providing internal audit services to a public...
18) Sarbanes-Oxley and the Securities and Exchange Commission restrict auditors from providing 18) many consulting services...
18) Sarbanes-Oxley and the Securities and Exchange Commission restrict auditors from providing 18) many consulting services to their publicly traded audit clients. Which of the following is true for auditors of publicly traded companies? I. They are restricted from providing consulting services to privately held companies. Il. There is no restriction on providing consulting services to non-audit clients A) I only B) Il only C) I and II D) Neither I nor 19) Which of the following is an accurate...
LUPY % om + Add Page Insert Table Chart Text Shape Media Comment 1-Providing consulting services...
LUPY % om + Add Page Insert Table Chart Text Shape Media Comment 1-Providing consulting services receiving cash. Given answer: Ali company provides consulting service and receives 1,000 cash. Cash. 1,000 Consulting Revenue. 1,000 2-Issuing common stocks receiving cash. 3-Purchasing land for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying employees their salaries. Q2- Why do companies record adjusting journal entries at the end of the accounting periods? Give an example of unearned revenue and accrued expense....
what is the right choice answer for these? the right answer to theses multiple choice If...
what is the right choice answer for these?
the
right answer to theses multiple choice
If a CPA firm has seven partners and three public clients, A. Membership in the Private Companies Practice Section is required. B. Periodic rotation of the partner in charge of each public engagement is required. C. Registration with the PCAOB is optional. D. Membership in the SEC Practice Section is optional. O A CPA firm maintains records indicating compliance with quality control standards. To what...
questions 1 is how does the historical medical model of services differ from the more recent...
questions 1 is how does the historical medical model of services differ from the more recent social model of services? Questions 2 how does the historical institutionalised model of services differ from the person-centred, self-directed model of support? Questions 3 briefly describe two ways the Disability discrimination Act 1992 (Cth) protects people with disabilities. questions 4 list one key legal obligation of mandatory reporting. questions 5 describe who you should seek support from and when you should seek when there...
Required information Postage Corporation receives management consulting services from its 92 percent-owned subsidiary. Stamp Inc. During...
Required information Postage Corporation receives management consulting services from its 92 percent-owned subsidiary. Stamp Inc. During 20X7. Postage paid Stamp $125,432 for its services. For the year 20X8, Stamp billed Postage $140,000 for such services and collected all but $7900 by year-end. Stamp's labor cost and other associated costs for the employees providing services to Postage totaled $86,000 in 20X7 and $121,000 in 20X8. Postage reported $2,567,000 of income from its own separate operations for 20X8, and Stamp reported net...
Transaction Summary Sold on account $1500 of consulting services Purchased supplies on account from a vendor...
Transaction Summary Sold on account $1500 of consulting services Purchased supplies on account from a vendor for $800 Bought equipment for $10,000 using a note payable Sold for cash $5000 of consulting services Paid rent expense of $500 Paid salaries expense of $400 Received cash from customer in (a.) of $500 Paid to vendor in (b.) the amount of $400 One of our best customers paid us a retainer in cash in the amount for $2000 for future services to...
To su marks Lucky Designers provides landscape consulting services to clients that range from small businesses...
To su marks Lucky Designers provides landscape consulting services to clients that range from small businesses to large corporations. The budgeted rate charged to customers for consulting per hour $100) The budgeted overhead for customer support costs per hour is $45 and the budgeted other direct-cost pool rate is $25 per hour. The budgeted hourly rates charged to jobs are $30 for the architect and $15 for the assistants. Lucky Designers provides landscape consulting services to clients that range from...
Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who...
Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow Home Total Nursing $ 928,000 $262.000 465,000 112,000 Meals On House- Wheels keeping 408,000 $ 258,000 202,000 151.000 Revenues Variable expenses Contribution margin 463.000 150.000 206.000 107.000 Fixed expenses Depreciation Liability insurance...
a. Providing bookkeeping services to a public company The services were preapproved by the audit committee of the company b. Providing internal audit services to a public company audit client with the preapproval of the audit committee c. Providing advice to a private company client on accounting for a merger with another private company d. Providing bookkeeping services to a private company The source documents were prepared and authorized by the client e. Providing internal audit services to a public...
18) Sarbanes-Oxley and the Securities and Exchange Commission restrict auditors from providing 18) many consulting services to their publicly traded audit clients. Which of the following is true for auditors of publicly traded companies? I. They are restricted from providing consulting services to privately held companies. Il. There is no restriction on providing consulting services to non-audit clients A) I only B) Il only C) I and II D) Neither I nor 19) Which of the following is an accurate...
LUPY % om + Add Page Insert Table Chart Text Shape Media Comment 1-Providing consulting services receiving cash. Given answer: Ali company provides consulting service and receives 1,000 cash. Cash. 1,000 Consulting Revenue. 1,000 2-Issuing common stocks receiving cash. 3-Purchasing land for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying employees their salaries. Q2- Why do companies record adjusting journal entries at the end of the accounting periods? Give an example of unearned revenue and accrued expense....
what is the right choice answer for these?
the
right answer to theses multiple choice
If a CPA firm has seven partners and three public clients, A. Membership in the Private Companies Practice Section is required. B. Periodic rotation of the partner in charge of each public engagement is required. C. Registration with the PCAOB is optional. D. Membership in the SEC Practice Section is optional. O A CPA firm maintains records indicating compliance with quality control standards. To what...
Required information Postage Corporation receives management consulting services from its 92 percent-owned subsidiary. Stamp Inc. During 20X7. Postage paid Stamp $125,432 for its services. For the year 20X8, Stamp billed Postage $140,000 for such services and collected all but $7900 by year-end. Stamp's labor cost and other associated costs for the employees providing services to Postage totaled $86,000 in 20X7 and $121,000 in 20X8. Postage reported $2,567,000 of income from its own separate operations for 20X8, and Stamp reported net...
To su marks Lucky Designers provides landscape consulting services to clients that range from small businesses to large corporations. The budgeted rate charged to customers for consulting per hour $100) The budgeted overhead for customer support costs per hour is $45 and the budgeted other direct-cost pool rate is $25 per hour. The budgeted hourly rates charged to jobs are $30 for the architect and $15 for the assistants. Lucky Designers provides landscape consulting services to clients that range from...
Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow Home Total Nursing $ 928,000 $262.000 465,000 112,000 Meals On House- Wheels keeping 408,000 $ 258,000 202,000 151.000 Revenues Variable expenses Contribution margin 463.000 150.000 206.000 107.000 Fixed expenses Depreciation Liability insurance...
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