Qualification of the audit report.
A refusal by a lawyer to furnish information related to litigation included in the letter of inquiry is likely to result in Qualification of the audit report.
<h3>What is Qualification of the audit report?</h3>
- When the scope of the auditor's job is limited or when there is a difference of opinion with management on the application, acceptability, or sufficiency of accounting policies, the auditor's report is qualified.
- For auditors, a report must qualify an issue as material or as economically worthwhile.
<h3>What is an audit report with qualified opinion?</h3>
- An auditor's qualified opinion states that, with the exception of a particular area, the financials are fairly reported.
- A qualified opinion is typically still acceptable to lenders, creditors, and investors, unlike an unfavorable or disclaimer of opinion.
<h3>What exactly is qualified reporting?</h3>
- An audit report that has qualifications is one that is not error-free.
- The auditor may qualify his report if he has any concerns about particular processes indicated in the financial statements.
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Hello there!
Staple and Impulse goods tend to be around places like the supermarket/stores/etc. Here are what they are:
Staple goods:
Goods that consumers buy on a regular basis, and consumed regularly.
Staple goods are very common in places like supermarkets. Staple goods are goods like milk, eggs, bread, sugar, etc. These items are what consumers usually go to the store for, and they usually put these specific items on their "to buy" list when they go shopping.
Impulse goods:
Goods that tend to not need planning in order for a consumer to buy. This is typically known as the "surprise lets buy that" type of goods.
Impulse goods are goods that people usually don't think of getting, but when they see it, they get it anyways. These would be known as things like snacks, candy, etc. People usually don't put those items on their "to buy" list, but when they see it, they buy it anyways. To sum it all up, these types of items do not need planning to buy, and could be an "out of nowhere" purchase.
Answer:
C) In today's dollars, Chang Lee's money is worth more than Soo Lee's
Explanation:
The present value of receipts 6 year hence of amount $20,000 discounted at 7% rate would be: Discounting factor of 1 $ for 6 years at 7 % i.e expressed as:
= 20,000 × 0.6663
= $ 13,327 approx
The present value of $20,000 receipts 9 years hence discounted at 7% rate is given by:
= 20,000 × 0.5439
= 10,879 approx.
As is evident from above, Chang Lee's present value of receipts is more than those of Soo Lee's.
Answer:
The correct answer is letter "B": Customer relationship management.
Explanation:
Customer Relationship Management or CRM is a term of the Information Technology (IT) industry that applies to methodologies, software, and in general, to the capabilities of the internet that help companies to manage customer relationships in an organized manner by storing some of their information useful for future business.
