1.Option A.True. The word advocacy threat means the auditor acting in favour of client to promote client shares or to act in favour of client in case of any litigations and claims.
2. Option A. True. One of the functions of audit committe is to overview the functioning of auditors.
3. Option A. True. Since there is an obvious chance that auditor cannot perform his duties as an auditor perfectly when holding the clients shares, it will effect his independence. As he divests himself of shares of client it helps him to act independently
4. Option B. False . The word used for being straight forward and honest is Integrity. Objectivity refers to not showing any bias. It refers to fairness and being impartial.
5. False. Third party is anyother person other than client and shareholders. It is not necessary that shareholder should not use financial statements to make a decision to become a third party
Question 1 An example of an advocacy threat is encouraging others to buy shares or bonds...
Which of the following would not require a departure from an
unqualified opinion?
Question 1 Which of the following would not require a departure from an unqualified opinion? Selected Answer: Statement of cash flows not included Answers: Statements are not in conformity with GAAP. Scope limitation. Statement of cash flows not included Related party transactions. Question 2 Which of the following is false regarding materiality and the audit opinion? Selected Answer: The level of materiality is mathematically calculated and therefore...
Question: Question 183 Processing auditor test data using the client's software application _______. -will allow the auditor to verify manual controls within the software application are functioning as designed -may corrupt the client's system, and should not be attempted -will allow the auditor to verify that the software application is functioning as designed -should be performed without the knowledge of the client's senior management Question 19 The tolerable deviation rate _______. -relates to how many immaterial misstatements the auditor finds...
question 1 Which of the following is an example of a bottom-up technique for developing promotional budgets? the objective-task method the percentage-of-sales method the competitive-parity method the pull-push method the AIDA method Question 2 In terms of the communication model, ________ is a reaction to a message that helps the source gauge the effectiveness of the message. looping decoding feedback encoding translating Question 3 An office supply store that pays a discounted price when it orders more than 12 metal...
15) > Test 1 Question 24 Not yet answered Marked out of 1.00 P Flag question Compliance orientation is more effective at creating ethical reasoning, Select one: True O False 1 Previous page B Next page AGAAN [2-2019/2020) > 18 July 2020 (Week 15) > Test 1 Which of the following is not a measure of ethical climate? Question 25 Not yet answered Marked out of 1.00 P Flag question Select one: 0 a. Collective judgment 0 b. Collective character...
________ individuals attempt to control situations, including
the thoughts and actions of others.
Question 1 options:
A)
Analytical
B)
Responsive
C)
Versatile
D)
Expressive
E)
Assertive
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Question 2 (1 point)
Ken likes to see the big picture when salespeople present to
him. He finds it enjoyable to know a little about them and their
families. He takes his work very seriously, and the company's
overall success, as well as his own personal success, are very
important to him. Ken...
Question 1( 8 marks) The following cover various ethical situations .For each you need to state whether there has been a violation or no violation of a general ethical principle and if there is a violation which ethical principle is violated.You need to also to briefly outline the reason for your answer in each situation . ( a) The Berowra Accountants are advertising a special in the local paper that they guarantee to provide their clients with a tax refund...
The discussion: 150 -200 words. Auditing We know that computer security audits are important in business. However, let’s think about the types of audits that need to be performed and the frequency of these audits. Create a timeline that occurs during the fiscal year of audits that should occur and “who” should conduct the audits? Are they internal individuals, system administrators, internal accountants, external accountants, or others? Let me start you: (my timeline is wrong but you should use some...
based on the material I give. answer the question below
1. In your opinion, Low Literacy can affect a person’s lives in
what ways?
2. In what ways the government can help reduce the issue of Low
Literacy?
Biography of your Economist 1. Judith Maxwell 2. Born date: 19424 3. Places lived and education: Judith Maxwell received her Bachelors of Commerce degree from Dalhousie University in 1963. She then went to pursue her Master's degree in Political Science and Government...
Discussion questions
1. What is the link between internal marketing and service
quality in the airline industry?
2. What internal marketing programmes could British Airways
put into place to avoid further internal unrest? What potential is
there to extend auch programmes to external partners?
3. What challenges may BA face in implementing an internal
marketing programme to deliver value to its customers?
(1981)ǐn the context ofbank marketing ths theme has bon pururd by other, nashri oriented towards the identification of...
The world’s 3 billion-plus smartphones emit the kind of data that health authorities covet during outbreaks. They show where individuals are, where they’ve been and who they might have talked to or even touched — potentially offering maps to find infected people and clues to stopping new ones. But gaining access to this data, even amid a global pandemic, is made complex by the legal and ethical issues surrounding government access to information that can reveal intimate details about citizens’...