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2 years ago

Why is it important that fraud examiners do not express opinions in their professional report?

1 answer:

6 0

According to the CFE Code of Professional Ethics it is vital that fraud examiners do now not specific opinions in their professional report.

<h3>What tasks do Fraud Examiners do?</h3>

The Fraud Examiner, Investigator, and Analyst will aid in the decision of fraud allegations through gathering evidence, recording statements, writing and producing reports, and testifying on findings.

<h3>Why is it vital for fraud examiners to observe up on even the smallest inconsistencies?</h3>

It is necessary for a fraud examiner to follow up on the smallest inconsistencies because not only is it what they are educated for however inconsistencies in reporting be the biggest indication that something primary is going on.

Learn more about fraud examiners here:

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Ontario has provided the following year-end balances: Cash, $24,000 Patents, $7,900 Accounts receivable, $9,100 Property, plant,

nignag [31]

Answer:

$110,400

Explanation:

The computation of the net non-current assets is shown below:

= Patent + Property, plant, and equipment - accumulated depreciation + trade marks + goodwill

= $7,900 + $98,900 - $20,000 + $13,600 + $10,000

= $110,400

5 0

2 years ago

At December 31, 2012 and 2013, Plank Corp. had outstanding 3,000 shares of $100 par value 8% cumulative preferred stock and 15,0

zalisa [80]

Answer:

Preference shareholders = $36,000

Equity shareholders = $9,000

Explanation:

As provided the outstanding preference dividend at end of 2012 = $12,000

Total cash dividends declared = $45,000 in the year 2013

Regular preference dividends = $100 $\times$ 3,000 $\times$ 8% = $24,000

Thus, when dividends will be paid in 2013 then firstly they will be used for payment to preference shareholders.

Thus, the company shall pay:

$12,000 + $24,000 = $36,000 to preference shareholders.

Further the balance will be paid to equity shareholders.

= $45,000 - $36,000 = $9,000

3 0

3 years ago

When the economy is growing, total output is _____ and total income is _____.

arsen [322]

Increasing ,increasing
the reason is that when the economy is growing more money is flowing ,unemployment is decreasing so more goods and services are produced ,as a result of low unemployment ,more consumption and total output increasing total income is increasing

8 0

2 years ago

Read 2 more answers

Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frown

-BARSIC- [3]

Answer: ethical

Explanation:

Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frowns on this type of activity. Gordon is facing ethical dilemma.

Ethical dilemmas, is a dilemma that has to do with morals and principles which involves an option that isn't ethically acceptable. In this scenario, Gordon's company doesn't support activities like giving free tickets to customers and at the same time, he wants to win back his customer. He is faced with ethical dilemma as he's aware that giving out the ticket won't be supported by his company even though to him,it feels like the right thing to do to win back his customer.

7 0

3 years ago

In 2019, Alliant Corporation acquired Centerpoint Inc. for $352 million, of which $62 million was allocated to goodwill. At the

Kazeer [188]

Solution:

The reporting unit's book value of $250 million meets the market value of $220 million.

Requirement 1:

Determination of implied fair value of goodwill:

Fair value of Center point, Inc. $220 million

Fair value of Center point’s net assets (excluding goodwill) 200 million

Implied fair value of goodwill $ 20 million

Measurement of impairment loss:

Book value of goodwill $62 million

Implied fair value of goodwill 20 million

Impairment loss $42 million

Requirement 2: If the operating unit's market valuation of 270 million dollars surpasses 250 million dollars, there is no depreciation risk.

4 0

2 years ago