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ExtremeBDS [4]
1 year ago
6

In the study of internal control, the auditor uses sampling to compare the __________ to the __________.

Business
1 answer:
Arturiano [62]1 year ago
5 0

In the study of internal control, the auditor uses sampling to compare the adjusted estimate of the deviation rate to the tolerable rate of deviation.

How Do Internal Controls Work?

A plan of structure, processes, and records that are concerned with the security of assets and the accuracy of financial records are together referred to as internal controls.

Fundamentals of Internal Control Systems

A firm's unique information requirements should be taken into account when designing an internal control system. As a result, the system might be anything from a straightforward manual system to a sophisticated computerized online system with remote terminals dispersed all over the nation. The accounting system must process data effectively, precisely, and promptly whether it is electronic or manual. An internal control system that has been carefully thought out is at the core of any well-designed accounting system.

Protecting the assets under management's control is one of their main duties.

to know more about  Internal Control Systems

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Answer:

C. Internal search

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2 years ago
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Indicate whether each of the following examples of behavior is consistent with the way the traditional economic framework sugges
Sliva [168]

Answer:

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Some people choose to work fewer hours after receiving a raise at work = Consistent with the Predictions of Traditional Economic Models.

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The behaviors of people generally cannot completely be predicted. However, there are certain suggestions made on the behaviors of people by the traditional economic framework as well as the behavioral economists. These suggestions have been used by different professional to qualify the behaviors of people in a certain way (as illustrated in the answers above).

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3 years ago
The production possibilities curves suggest that rev: 09_17_2020_QC_CS-228777 Multiple Choice West Mudville should specialize in
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Answer: West Mudville should specialize in, and export, baseball bats.

Explanation:

Each country should specialize in the good that it has a lower opportunity cost in producing.

West Mudville

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Opportunity cost of producing baseball = 9/9 = 1 baseball bat

East Mudville

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From the above, West Mudville has a lower opportunity cost than East Mudville in the production of baseball bats and so it should specialize in and export that.

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3 years ago
When a firm prepares financial reports by using absorption costing,
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