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maw [93]
2 years ago
9

Acc 450 the auditors should confirm accounts receivable unless the auditors’ assessment of the risk of material misstatement is

low:________
Social Studies
1 answer:
fomenos2 years ago
6 0

Acc 450 the auditors should confirm accounts receivable unless the auditors’ assessment of the risk of material misstatement is low "and relying on confirmations would be futile if accounts receivable were relevant."

<h3>What is material misstatement?</h3>

A major misrepresentation is material in the financial information that is sufficiently false to have an effect on someone who relies on those statements in making financial decisions.

Some characteristics of material misstatement are-

  • For instance, a major misstatement of revenue may prompt a decision to purchase stock in a company, which could result in losses for the investor if indeed the misstatement is quickly corrected and the stock price drops.
  • When management fails to correct a substantial misstatement that is discovered by an auditor, the auditor should assess the impact of the error mostly on financial statements & determine whether to revise the audit opinion.
  • Shareholders in corporations that must comply with Securities and Exchange Act in 1934, newly amended, reporting obligations are exempt from this regulation.

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Grace [21]

Answer:

the first one

Explanation:

7 0
3 years ago
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what are the organizations where government power is exercised and where political struggle takes place?
a_sh-v [17]

Institutions are the organizations where government power is exercised and where political struggle takes place.

Institutions serve as the arenas for political struggle and the exercise of governmental power. Both state and non-state actors create and uphold institutions.

An institution in political science is a collection of formal laws like constitutions, unspoken rules, or shared beliefs that set limits and specify how political actors should communicate with one another and exercise governmental power.

Politicians stick to institutions because they want to avoid penalties as much as possible and reap the rewards whenever possible.

Institutions have been shown to impact political processes and results substantially. Establishing the number of people required to change the status quo is how institutions determine the stability and change in a political system.

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3 0
1 year ago
What are some of the hotspots for deaf people? where do they usually meet and socialize?
emmainna [20.7K]

A deaf club is a place where Deaf people could meet to socialize, share news, organize political issues and thoughts, plan events and watch movies.

The greatest venue for hearing people learning Sign Language in official lessons to hone their signing abilities and fluency is a Deaf club. After Deaf schools, deaf clubs are the second-most significant gathering place in terms of culture.

Additionally, Deaf clubs provide hearing people with information on Deaf culture and history, serve as role models for young deaf children and their families, and preserve and transmit Deaf culture to future generations.

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7 0
2 years ago
A general partner in a partnership is a partner who __________.
ruslelena [56]

Answer:

c. Is personally liable for partnership debts.

Explanation:

This is the statement that best describes a general partnership. A general partnership is a financial arrangement in which two or more individuals agree to share assets, profits and liabilities. Therefore, a general partner would be liable for partnership debts. Moreover, these liabilities are unlimited (not capped) and can be paid through the seizure of the partner's assets.

4 0
3 years ago
_____ infrastructure refers to housing, medical services, and educational institutions.
irakobra [83]
This is known as social infrastructure. These are called social because they are used by all people in a country and are often paid for by the country or the state owns the land on which they are built. When they are private, they often work together with the government.
6 0
3 years ago
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