1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
uysha [10]
2 years ago
12

michael was on the abc accounting firm's audit team for the rasmussen corporation audit. rasmussen's officers were so impressed

with michael that they offered him a job as director of internal audit at rasmussen. what should michael do in order to preserve independence?
Business
1 answer:
nirvana33 [79]2 years ago
6 0

In order to preserve independence, Michael must "Remove himself from the engagement as he considers the offer." (Option B). It is to be noted that this is an internal control problem.

<h3>What is Independence in this case?</h3>

The absence of situations that jeopardize the internal audit activity's capacity to carry out internal audit tasks objectively is called Independence.

Practically, independence is achieved by ensuring that the internal audit activity has no management control for any of the organization's non-audit functions that are subject to internal audit assessments, and by distancing the internal audit activity's management from the functional oversight of the organization's senior management.

Learn more about internal control:
brainly.com/question/26398073
#SPJ1

Full Question:

Michael was on the ABC Accounting Firm's audit team for the Rasmussen Corporation audit. Rasmussen's officers were so impressed with Michael that they offered him a job as Director of Internal Audit at Rasmussen. What should Michael do in order to preserve independence?

A) Tell his superiors as soon as he has decided whether or not to accept the offer.

B) Remove himself from the engagement as he considers the offer.

C) Pray for divine guidance.

D) If he decides to reject the offer, remove himself permanently from the engagement.

You might be interested in
Your introduction should be no more than _____ percent of your speech time.
Sloan [31]
No more than 15 percent of your speech time.
Hope this helps!!

7 0
3 years ago
Read 2 more answers
If an externality is present resulting in market failure then
Verdich [7]

<span>Then the private benefit from consumption will will not be the same as the social benefit from consumption.</span>

An externality is the impact of a buy or choice on a man group who did not have a choice in the occasion and whose interests were not considered. Externalities, at that point, are overflow impacts that fall on parties not generally engaged with a market as a maker or a buyer of a product or service. Externalities can be negative or positive, and externalities can come about because of either the production or the utilization of a good, or both.

8 0
3 years ago
The reasons for using the variable-cost approach include all of the following except this approach provides the most defensible
Ber [7]

Answer:

The reasons for using the variable-cost approach include all of the following except

this approach provides the most defensible bases for justifying prices to all interested parties.

Explanation:

This is not part of the reasons for using the variable-cost approach.  But options b, c, and d are certainly the reasons why the variable-cost approach is used.  The variable-cost approach provides a differential analysis for decision-making.  It assigns overhead costs to the period in which they are incurred, while other variable costs are assigned to the merchandise produced within that period.  Thus, by excluding fixed manufacturing overhead cost, only the direct costs associated with production are used in accounting for the product's costs.

3 0
3 years ago
There are nine common influence tactics you can use to affect and change others’ behaviors. Research suggests that some tactics
jasenka [17]

Answer:

1. Lorenzo wants his boss to give him a good performance review, so every single time he sees her, he pays her a compliment about her clothing, appearance, or something else superficial.

Effective influence tactics: Glad-handling

2. Nami agrees with every single thing her boss says in every single meeting.

Effective influence tactics: Be subtle

3. Ryan knows that he can get the raise he wants if he puts pressure on his supervisors. But this doesn’t feel natural to Ryan, so he decides to take an approach that is truer to who he is.

Effective influence tactics: Be authentic

4. Tia knows that introducing a new software platform at her company is going to be a source of stress for her employees who are accustomed to doing things in the old platform. Therefore, Tia elicits feedback from each employee on what they would like to see in a new platform that the current platform doesn’t offer.

Effective influence tactics: Consult rather than legitimate

5. Veronica wants her employees to volunteer at the company’s annual charity fundraiser, so she shows them some corporate footage of the people who have been helped by the fundraiser in the past.

Effective influence tactics: Rely on the core

6. Danielle feels strongly that the best way to get her boss to notice her hard work is to keep producing and doing a great job, rather than to be a kiss-up.

Effective influence tactics: Glad Handling

7. Marques wants to be a great manager and knows this involves learning to influence people effectively. He signs up for a course on power and social influence in business to hone his skills.

Effective influence tactics: Learn to influence

8. Abir is never comfortable getting coworkers to agree with him by reminding them of how good of a friend he’s been to them. But he decides to use this tactic anyway because he knows it’s more effective than some of the other tactics

Effective influence tactics: Be authentic.

9. Eric is skilled at getting people on his side by making understated comments indicating that he shares their opinions on work-related matters.

Effective influence tactics: Be subtle

10. Wasim wants to get everyone in his team on board with his suggestion, so he starts making promises to each team member about how he’ll help them out the next time they have an idea they want the group to embrace.

Effective influence tactics: Rely on the core

11. Chloe doesn’t try new tactics for influencing her peers or supervisors because she knows that if she isn’t good at a tactic now, there’s no way to get better at it.

Effective influence tactics: Learn to influence

12. Shin’s subordinates don’t like participating in team meetings. Shin reminds them that he is their boss, and if they don’t show up, he has the authority to punish them

Effective influence tactics: Consult rather than legitimate

7 0
3 years ago
Assume a European company that manufactures decorative fountain pens. The firm is trying to decide whether or not to expand its
Wittaler [7]

Answer:

(a)

TC(q) [before expansion] = Fixed Cost + Variable Cost

                                              = 750,000 + 1.25q

TC(q) [after expansion] = (750,000 + 350,000) + 0.75q

                                      = 1,100,000 + 0.75q

(b)  (i) q = 600,000

TC(q) [before expansion] = 750,000 + (1.25 × 600,000)

                                          = 750,000 + 750,000

                                          = 1,500,000

TC(q) [after expansion] = 1,100,000 + (0.75 × 600,000)

                                      = 1,100,000 + 450,000

                                      = 1,550,000

Since expansion will increase total cost, profit will fall ceteris paribus. So firm should not expand.

(ii) q = 800,000

TC(q) [before expansion] = 750,000 + 1.25 × 800,000

                                          = 750,000 + 1,000,000

                                           = 1,750,000

TC(q) [after expansion] = 1,100,000 + (0.75 × 800,000)

                                      = 1,100,000 + 600,000

                                      = 1,700,000

Since expansion will decrease total cost, profit will rise ceteris paribus. So firm should expand.

7 0
3 years ago
Other questions:
  • Without _____, leaders can miss important signals that something is going wrong. question 2 options:
    11·1 answer
  • Adam is a traveling salesperson for Peter Petri Plumbing Supply Corp. Adam has express authority to solicit orders from customer
    7·1 answer
  • In order to understand a customer's wants, a marketer must understand __________?
    14·1 answer
  • Suppose that many auto and steel plants close in a country. Thousands of workers lose their jobs in a short period. If the count
    15·1 answer
  • Which of the following is NOT something that can be gleaned from a company's SWOT? How to improve a company's strategy by using
    7·1 answer
  • Inventing a new soft drink - what would be the input - the conversion, and the output?
    15·2 answers
  • Once a company has located several vendors, the next step in the purchasing process is to
    8·2 answers
  • During its first year of operations, Mack's Plumbing Supply Co. had sales of $580,000, wrote off $9,300 of accounts as uncollect
    13·1 answer
  • True or false: Stockholders do not have the power to bind the corporation to contracts. This is referred to as lack of mutual ag
    5·1 answer
  • Jason paints 1/4 of the area of his living room walls, w, on Monday. On Tuesday, he paints twice as much as he painted on Monday
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!