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3 years ago

A. explain the auditor’s justification for accepting the uncertainties that are inherent in the sampling process.

1 answer:

8 0

A. An auditor can accept the uncertainties in the sampling process since they have some idea in which financial statements errors are occurring. In this case their sample is not completely random. B. The formula AR = IR Ă— CR Ă— DR is often used to describe audit risk. Here, AR is audit risk, IR is inherent risk, CR is control risk, and DR is detection risk. Inherent risk is the risk of a report containing errors due to the complex nature of how the audited business runs. Control risk is the risk that an error may occur but may not be detected by the business itself. Detection risk is the risk that the auditor may fail to find errors that are present in the business' financial reports. C. An auditor may only sample, or inspect a fraction of a company's financial history. This is done for practical purposes, for there may not be enough time to inspect everything, or it may be too costly. If the auditor is issuing a test of controls, in which they are scrutinizing their target's internal procedures for detecting errors, then sampling may fail to see these errors.

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Which of the following actions can be considered good business etiquette?

Crazy boy [7]

The answer is A, switching your cell phone off before you enter a meeting.

5 0

3 years ago

How much TOTAL (principle and interest) will be paid over the life of the following loan: $185,000 loan; 7% annual interest (mon

Yuri [45]

Answer:

$443,091.5

Explanation:

Given that,

Amount of loan, present value = $185,000

Annual rate of interest, r = 7% ÷ 12

= 0.00583

Time period = 30 years

Therefore,

Monthly payments:

$=\frac{r\times PV}{[1 - (1+r)^{-n}]}$

$=\frac{0.00583\times 185,000}{[1 - (1+0.00583)^{-30\times12}]}$

$=\frac{1,078.55}{[1 - (1.00583)^{-360}]}$

= 1230.81

Total (principle and interest) will be paid over the life:

= Monthly payments × 360

= $1,230.81 × 360

= $443,091.5

5 0

3 years ago

All of the following issues can be addressed by a faculty member at your high school except

Orlov [11]

The issues are as follows:

1) nutrition.

2) financial aid.

3) hearing and vision tests.

4) legal help.

The issue that cannot be addressed by the faculty members at the high school is the legal help.

Fourth option is the correct answer.

<h3>What is meant by a high school?</h3>

A high school is the place where the students are studying in the grades from 9th to 12th.

The faculty members of the high school are addressing the issues relating to financial assistance, testing of hearing and eye vision and the nutritional requirements.

Therefore, the legal help being the issue which could not be addressed by faculty members in the high school.

Learn more about the faculty members in the related link:

brainly.com/question/11920261

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7 0

2 years ago

The atomic number of an element represents the number of:

NeX [460]

Answer:

protons

Explanation:

By definition the atomic number of an element is the number of protons.

The protons are the positevely charged particles in the nucleus of the atom.

The atomic number of an element is what uniquely identifies it. There are 118 known elements and all of them are represented in the periodic table. Then, there are 118 different atomic numbers.

The elements are arranged in the periodic table in increasing order ot atomic number.

For instance:

The element with atomic number 1 is hydrogen (H). It is the first element in the periodic table, located in the upper left corner of the table. It has one proton. NONE other element has just one proton.

The element with atomic number 2 is helium (He). It has two protons, is located at the upper right corner of the periodic table and NONE other element has just two protons.

The element with atomic number 118 is Oganesson (Og). It is the last element in the periodic table. It is located in the bottom right corner of the periodic table. It has 118 protons and NONE other element has atomic number 118.

4 0

3 years ago

When might adding an additional employee be bad for a small business?

Anarel [89]

Answer:

If the demand for the product or services goes down

Explanation:

A reduction in demand for a good or service results in a decline in its price. As per the law of supply and demand, a decline in demand while holding other factors constant pushing the equilibrium price down. Reduced prices mean that the revenues obtained from the sales of the product or service will decline.

Hiring an extra worker when the demand is low will lead to losses. Low demand causes low prices, which implies that the cost of the new employee will be greater than the benefits obtained from the worker. A reduction in prices will mean that the marginal product of labor will be lower than the cost of labor.

3 0

3 years ago