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goldfiish [28.3K]
2 years ago
12

The aicpa's auditing standards boards recently completed a major project to converge its auditing standards with the standards o

f the ______ to the extent possible.
Business
1 answer:
Bad White [126]2 years ago
6 0

<u>International Auditing</u><u> </u><u>and</u><u> Assurance Standards Board (IAASB).</u>

Which section of the aicpa's generally accepted auditing standards discusses application of the auditing standards of another country?

  • The exhibit "Illustrations of Auditor's Reports on Financial Statements Prepared in Accordance With a Financial Reporting Framework
  • Generally Accepted in Another Country" contains illustrations of auditor's reports on financial statements incorporating the elements required by paragraphs . 12–. 13.

Which organizations work closely with the SEC when formulating accounting and auditing standards?

The ASB establishes standards for nonpublic entities and the PCAOB establishes standards for SEC registrants.

  • The AICPA supports accounting and auditing research, produces a number of important publications and provides a wide range of continuing education programs.
  • The FASB's Accounting Standards Codification (ASC) is recognized as the source of US GAAP.

Learn more about US GAAP

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You write one MBI July 127 call contract (equaling 100 shares) for a premium of $12. You hold the option until the expiration da
ser-zykov [4K]

Answer:

The answer is "$400"

Explanation:

The price value of the exercise:

= $127

The expiration date price value is:

= $135

Calculating the profit for Calls buyer:  

= $135-$127  

= $8

The value of 1 call = 100 shares  

calculating the total profit :

=$ 8 × 100  

= $ 800

One alternative purchase price:

= $12

Call option Total purchase price:

=  $12 × 100  

= $1200

The buyer's total loss:

= $1200 - $800

= $400

The Loss for the buyer:  \frac{\text{profit for the seller}}{\text{writer}}

Hence profit for the writer = $400

3 0
3 years ago
Your grandparents would like to establish a trust fund that will pay you and your heirs $225,000 per year forever with the first
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Answer:

They must deposit $5,113,636.36.

Explanation:

Giving the following information:

Cash flow= $225,000

Interest rate= 4.4 percent

To determine the amount to be deposited today, we need to use the perpetual annuity formula:

PV= Cf/i

Cf= cash flow

PV= 225,000/0.044

PV= $5,113,636.36

They must deposit $5,113,636.36.

3 0
4 years ago
Ann's attempt to open a salad bar in a small town failed. Her husband is trying to sell the tables and chairs she purchased. He
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Answer: Qualifying

<span>Ann's husband is engaged in the qualifying process. He suspects Handlemann's Deli may be a potential buyer for the furniture he needs to sell. And he is now in the process of determining if Handlemann's Deli has a certain characteristic (inclination to purchase) to qualify him as his prospect.</span>

4 0
3 years ago
an in-depth observation of a small sample or single individual is an example of which research method?
kvasek [131]

I don't know hush hjdjridhgdje

3 0
3 years ago
A counterfeit id is intended to an official document, but is not authentic
kirza4 [7]

Answer:

If this is the case then it is not valid.

Explanation:

Any counterfeit id is illegal and should never be rendered to be used for any purpose in relation to official documents.

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