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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.

To know more about the material misstatement, here

brainly.com/question/13450696

#SPJ4

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Why did European powers want to find a water route to Asian spice markets?
iren2701 [21]

Answer:

Because the Ottomans and the Russians had control over land routes

Explanation:

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3 years ago
Under what circumstances might a state have a comparatively high percentage of uninsured residents but NOT a comparatively high
svetoff [14.1K]

Answer:

the circumstances that would make a state to have a comparatively high percentage of uninsured residents are:

i. increase level of poverty

ii. income level of the residents

iii. age group of the residents

Explanation:

uninsured residents are people living in certain area or environment who are not covered by insurance policy. The circumstances that might lead a comparative high uninsured residents are:

i. increase in poverty level. the level poverty in a state could determine the uninsured rate of such state in the sense that insurance policies are financed by money which a poor person may not afford.

ii. level of income. this greatly determine the uninsured rate in a state. a very high income earners can afford to finance such insurance policies while the low income earners might not due to their inability to pay for such policy.

iii. age group. a state with considerably high old age group,say 60 years and above may not see the need for insurance policy.

5 0
3 years ago
Tayla smokes marijuana. at first, just a few inhalations were enough to cloud her mind. over time, she needs to smoke more and m
Alex17521 [72]

Answer:

c. Tolerance

Explanation:

In psychology the term tolerance is used in substance use to refer to what occurs when the person doesn't respond to the substance the way he/she initially did, in other words, it takes larger doses of the substance to have the required effect or the same effect it used to have at first.

In this example, Tayla first needed just a few inhalations to cloud her mind. Now she needs to smoke more and more to achieve the same effect. We can see that <u>she is not responding to marijuana the way she used to and now she requires more inhalations to have the same effect.</u> Therefore this is an example of tolerance.  

3 0
4 years ago
When you see road workers at a construction site, you should obey their instructions ____________a. only if you see orange cones
muminat

Answer:

When you see road workers at a construction site, you should obey their instructions: <u> c. at all times</u>

Explanation:

When driving the road, the driver should pay special attention to all that is going on around him. Not only the traffic signs, but also the accidents that may occure and also if a road is being fixed.

When seing road workers at a construction site, they have authority to guide the people coming near the construcion for safty matters, this is why a driver should obey their instructions at all times.

4 0
3 years ago
The first step in the investment process is the development of a(n):_______.
Nezavi [6.7K]

The first step in the investment process is the development of a <u>policy statement.</u>

<u></u>

Investing is dedicating an asset to achieve an increase in value over a period of time. Making an investment requires sacrificing your current assets such as time, money, and effort.

In finance, the purpose of investment is to make a profit on the money invested. Where income consists of realized gains (profits) or losses on the sale of real property or investments, unrealized capital appreciation (or depreciation), investment income such as dividends, interest or rental income, or a combination of capital gains and income there is.

Returns may also include currency gains or losses due to exchange rate fluctuations.

Investors generally expect higher returns from riskier assets. Low-risk investments usually have lower returns as well. Similarly, high risk is associated with high return opportunities.

learn more about investment here;  brainly.com/question/1305349

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5 0
2 years ago
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