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2 years ago

What objectives of internal controls are of primary interest to an auditor performing a financial statement audit?

1 answer:

8 0

objectives of controls are of primary interest to an auditor performing a financial statement audit--- Accurate and reliable financial reporting.

What are the primary objectives of internal control?

The primary purpose of internal controls is to help safeguard an organization and further its objectives. Internal controls function to minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws.

What are the 5 internal controls in auditing?

There are five interrelated components of an internal control framework: control environment, risk assessment, control activities, information and communication, and monitoring.

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to plan effective marketing strategies, a company needs to find out all it can about its competitors. it must constantly compare

mel-nik [20]

This is an example of Competitor Analysis

An evaluation of the advantages and disadvantages of present and future rivals is known as competitive analysis in marketing and strategic management. In order to recognize possibilities and risks, this analysis gives both an offensive and a defensive strategic perspective.

<h3>What information should a competitor analysis contain?</h3>

A competitive study should look at the attributes, market share, prices, marketing, differentiators, strengths, and weaknesses of your rivals as well as their locations, cultures, and consumer feedback.
This article is for small company owners, both new and experienced, who wish to research their rivals to enhance their goods or services.

To learn more about Competitor Analysis, Click the Links.

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5 0

1 year ago

Which of the following is an example of the ethical issue of gift-giving in the

navik [9.2K]

Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

Transmission of Diseases. ...

Relationships. ...

End-of-Life Issues

etc.

4 0

3 years ago

Assume that Leyia and Larry could be persuaded not to begin a family for another five years. What specific budgeting recommendat

xxMikexx [17]

Answer:

The budgeting recommendations will be cutting the expenses on feeding, groceries and every other expenses, in other to save over the next five years. This will prepare Leyia and Larry beforehand to begin a family and also, mitigate hosterity effects of their variable expenses financially for an anticipated $2,400 loss of income for 18 months as well as the expenses for the new baby.

Explanation:

Beginning a family can be a tough task for low income earners. Leyia and Larry will need to wait for five years and cut their expenses( Every expenses) over this waiting period of five years. By so doing, they will have saved enough money to carter for the expenses of new baby.

Also, a $2,400 loss of income, in 18 months is anticipated. Cutting of expenses over the period of five years will reduce the financial hardship effects on the family which Leyia and Larry will begin, after the stipulated five years.

7 0

4 years ago

You're the account manager for a client who wants to increase reservations at her boutique hotel. You've been manually managing

Bumek [7]

Answer: Apply target cost-per-acquisition (CPA) bidding to drive conversions at her desired CPA.

Explanation: In this case the customer wants to gain administrative division at her hotel, looking for ways to save time and optimize. We can most efficaciously do this by utilizing target cost-per-acquisition (CPA) bidding in order to thrust interpretation at her desired CPA.

Therefore the correct option in this case is (d)

3 0

3 years ago

In 2018, Gail had a § 179 deduction carryover of $30,000. In 2019, she elected § 179 for an asset acquired at a cost of $115,000

Colt1911 [192]

Answer:

The answer is: Gail's § 179 deduction for 2019 is $145,000

Explanation:

§ 179 of the IRS Code, allows taxpayer to either:

deduct the cost of certain types of property from gross income taxes as an expense
allow the cost of the property to be capitalized and depreciated.

If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000

8 0

4 years ago