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dedylja [7]
1 year ago
13

Acc 450 the auditors' primary means of obtaining corroboration of management's information concerning litigation is a?

Business
1 answer:
VARVARA [1.3K]1 year ago
7 0

Answer: Acc 450 the auditors' primary means of obtaining corroboration of management's information concerning litigation is a Letter of audit inquiry to the client's lawyer.

Explanation: A secondary audit process that auditors use to acquire pertinent data is an audit inquiry. The data comes from sources both inside the organisation, such managers, and outside the organisation, like debtors, creditors, investors, or other businesses-related legal entities.

An independent auditor can verify the legal information provided by management with the aid of a letter of inquiry. It is a method through which the auditors confirm or acquire a full explanation of the topics they wish to confirm from legal counsel or attorneys general.

To know more about attorneys general click on the link below

https://brainly.in/question/6654830

#SPJ4

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Think about the videos you have watched. Why is there a need for government regulation, and what limits need to be placed on the
svetoff [14.1K]
Government regulations are necessary because they protect public safety and market fairness. For example, food safety regulations help protect consumers from pathogens that could cause widespread illness. By creating regulations, the government can make the food-borne illness less likely. However, even though these regulations are necessary, they must still meet constitutional requirements. Producers and consumers have the right to own and use property, among other constitutional rights.
7 0
3 years ago
According to liquidity preference theory, if there were a surplus of money, then A. the interest rate would be above equilibrium
Lorico [155]

Answer:

Choice A would be the right response to either the following statement.

Explanation:

  • This theory seems to be a hypothesis that implies that shareholders will seek a higher rate of return as well as premiums on high-term securities with significantly increased risk maturity since, if all other considerations are similar, investors choose cash and perhaps other extremely liquid assets.
  • Even if there is an excess of capital, the inflation rate would have been over stability, as well as the amount of money needed would have been too increasing for stability.

The other choices are not relevant to the situation in question. So choice A is the right one.

3 0
3 years ago
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
Paladinen [302]

Answer:

Overhead at the end of the year was $3,570 under-applied

Explanation:

For computing the ended overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $521,220 ÷ 21,900 hours

= $23.8

Now we have to find the actual overhead which equals to

= Actual direct labor-hours × predetermined overhead rate

= 21,750 hours × $23.8

= $517,650

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $521,220 - $517,650

= $3,570 under-applied

8 0
3 years ago
Reports how much the company is worth to the owners at the
SashulF [63]
I really want to say income statement
6 0
3 years ago
The NYSE is an example of a(n) _______________ exchange while NASDAQ is an example of a(an) __________________ market. Organized
Lilit [14]

Considering the functions and operations of the organizations, The NYSE is an example of a(n) <u>Organized</u> exchange while NASDAQ is an example of a(an) <u>Over the Counter</u> market.

NYSE is an acronym for the <u>New York Stock Exchange.</u> It is generally considered the most significant capital market in the world, with over $30 trillion. Its stock market is deemed to be stable. It is also known as a designated market.

On the other hand, NASDAQ is an acronym for National Association of Securities Dealers Automated Quotations. However, its stock market is considered to be volatile. It is also a dealer market

Hence, in this case, it is concluded that the correct answer is option A. "<u>Organized; over-the-counter."</u>

Learn more here: brainly.com/question/21993468

7 0
3 years ago
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