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1 year ago

which of these is not true regarding the special function performed by the external auditing profession?

Business

1 answer:

Vladimir79 [104]1 year ago

3 0

It serves the interests of client management rather than the public.

The special function performed by the external auditing profession is the attestation to the fairness of the financial statements of clients.

"The special function helps ensure the reliability and integrity of the financial reporting system. The auditing profession exists to serve the users of an organization's financial statements. Auditors need to remember that they are serving the public interest and not necessarily the interests of client management."

"The special function is a testament that the financial statements of their client are fair. This function serves all users of the financial statement, to ensure they all will be receiving reliable financial information."

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3 years ago

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3 years ago

A buyer has a 30-year, $400,000 loan with a 7% interest rate. How much of the first month's mortgage payment is interest

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The portion of the first month's mortgage payment meant for interest is $2,333.33

What is a mortgage?

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2 years ago

Read 2 more answers

If the money supply exceeds money demand, people will ____ bonds which will cause bond prices to ____ and the nominal interest r

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Answer:

A. buy; rise; fall

Explanation:

As for the provided information, we know,

As the supply of money exceeds the demand people will have more investing power, accordingly people will buy more bonds,

as more and more people will try to buy the bonds the price for bond because of high demand will automatically due to demand and supply proportion will rise,

and then to control the demand of bond, and control the purchase of bond, the nominal interest rate provided on bonds will fall.

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3 years ago