1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Juliette [100K]
1 year ago
5

Compliance is the responsibility of the Compliance Officer, Compliance Committee, and Upper Management only.

Business
1 answer:
Anna71 [15]1 year ago
6 0

Compliance is not the sole responsibility of compliance officer or the upper management or the compliance committee. Compliance is the responsibility of all individuals of the company.

<h3>What is Compliance?</h3>

Compliance is the act of ensuring that all the protocols mentioned in the policy are followed effectively, all the controls are in process and in working condition with complete effectiveness.

It is the duty of all the individuals to comply with the policies and ensure that the procedures are performed as per the standard operating guidelines. The compliance is not only the duty for the compliance individuals.

It is duty for all the individuals however those charged with governance are more likely to take actions against any procedure failure, but if there is any mishap and if there is a miss in the procedures being not correctly performed, it should be reported.  

Learn more about Compliance at brainly.com/question/27046365

#SPJ1

You might be interested in
For which of the following decisions is marginal analysis least beneficial? deciding between watching another episode of your fa
Alex17521 [72]

The marginal analysis will be least beneficial when D. deciding whether to take a lunch break or knock on another door as a door-to-door salesperson.

<h3>What is marginal analysis?</h3>

Marginal analysis simply means an examination of the additional benefits and the additional cost that can be incurred on a product.

In this case, marginal analysis will be least beneficial when deciding whether to take a lunch break or knock on another door as a door-to-door salesperson.

Learn more about marginal analysis on:

brainly.com/question/4893420

5 0
2 years ago
_____ 24. Audrey Corporation's cost formula for its selling and administrative expense is $47,900 per month plus $52 per unit. F
creativ13 [48]

Answer:

The estimated cost for selling and administration expenses is:

47900+52*6000=$359900

Explanation:

Audrey Corporation's cost for selling and administrative expenses present fix and variable costs. They plan a fixed cost of $47,900 and a variable cost of $52 unit.

The formula is:

SandA COST= 47900+52*Q

For April they planned to sell 6000 units.

The estimated cost for selling and administration expenses is:

47900+52*6000=$359900

If the formula is accurate the real cost of selling and administration is:

47900+52*5960=$357,820

7 0
3 years ago
Please help ASAP will give 25 points.
m_a_m_a [10]

Answer:

c

Explanation:

cuz dahvvhjfjhasjvgdvdsGHGhgdyhhgvlkmn,vzcnfdmndmdfnbdfbhcdhjcbcbdbnf

4 0
3 years ago
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,800 account of a customer
laila [671]

Explanation:

The Journal entry is shown below:-

On Jan 31

Allowance for doubtful accounts $2,800

                     To Accounts receivable - C. Green $2,800

(Being the uncollectible amount is recorded)

Mar 09

Accounts receivable - C. Green $2,300

               To  Allowance for doubtful accounts $2,300

(Being the written off amount is recorded

Mar 09

Cash $2,300

              To Accounts receivable -  C. Green $2,300

(Being the payment is received is recorded)

7 0
3 years ago
Read 2 more answers
Caramel Corporation has 5,000 shares of stock outstanding.
Jet001 [13]

<u>Answer and Explanation:</u>

Caramel Corporation outstanding share are 5000

Caramel Corporation distributes $145,000 in an exchange for 1000 number of shares in a qualifying stock redemption.

Given : caramel Corportaion has E&P of around $300,000.

E&P attributable to 1000 number of shares = 300000 * 1000 / 5000=\$ 60,000

Therefore, the consequence of this redemption are $60,000 charge to E&P and reduction in caramel Corporation paid-in capital account is $85000 ($145000 subtract $60000)

4 0
3 years ago
Other questions:
  • Suppose a firm that makes appliances merges with a company that produces running shoes, and it later also buys a dairy. what is
    15·1 answer
  • Lucinda buys a new gps system for​ $250. she receives consumer surplus of​ $75 from the purchase. what value does lucinda place
    12·1 answer
  • Increasing the government budgetary surplus or decreasing the deficit is desirable in a period of?
    14·1 answer
  • When buyers refuse to pay a product’s stated price or when improvements in other items or fashion changes reduce the appeal of t
    11·1 answer
  • What are the three main reasons unethical business practices happen?
    7·1 answer
  • Culver owns 80 percent of the common stock of Fowler Company. Culver also purchases some of Fowler's bonds directly from Fowler
    9·1 answer
  • Management innovations such as total quality, benchmarking, and business process reengineering cannot lead to sustainable compet
    11·1 answer
  • 1
    13·1 answer
  • Why is a spending plan an important part of financial planning? Choose all that are correct. а b C Helps to manage your money in
    13·1 answer
  • In the opening case of target's erp implementation, what were the bad managerial decisions made that led to a failed outcome?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!