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1 year ago

The aicpa has assigned responsibility for issuing official pronouncements on auditing matters to the

1 answer:

6 0

The aicpa has assigned responsibility for issuing official pronouncements on auditing matters to the Auditing Standards Board (ASB) responsibility for issuing official pronouncements on auditing matters.

The Auditing Standards Board, the AICPA's highest technical body designated to provide auditing pronouncements, issues Auditing Standards. The auditor may state that the audit was also carried out in compliance with another set of auditing standards (for example, International Standards on Auditing [ISAs] or Government Auditing Standards). An audit is a systematic process carried out by an auditor who obtains and evaluates evidence to determine concordance between management's assertions about economic facts and the defined standards (usually GAAP). The auditor will subsequently report the findings to anyone interested (such as the SEC or investors).

Learn more about Auditing here:

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I am a rational and risk-averse person, and I have an option of making the following bet: I receive $500 cash, after which I rol

Tamiku [17]

Answer:

I should not accept the bet; the precise level of risk aversion does matter.

Explanation:

Risk averse person is the one who is not willing to take the risk even if he is given high returns. Risk averse person will always avoid the risks. In the given scenario the person is risk averse. If he rolls out the dice he has to pay $200 times the dice number which means he just have two chance (dice rolls 1 or dice rolls 2) for getting return otherwise he will loose the bet and he will have to pay money from the pocket.

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3 years ago

Eli is buying a townhouse that costs $276,650. He has $28,000 in savings and earns $4,475 a month. Eli would like to spend no mo

Oduvanchick [21]

Answer:

30 year fixed, 10% down at a fixed rate of 5%

Explanation:

given data

buying a townhouse = $276,650

savings = $28,000

earns a month = $4,475

solution

when here 10% down fix rate than cover for the down payment is

cover for the down payment = 10% of $276,650

cover for the down payment = $27,665

and here monthly income is $4,475

so mortgage will be = 30% of $4475

mortgage = $1,342.50

so by balance of mortgage is = $276,650 - $27,665

balance of mortgage = $248,985

so Total monthly repayment is

Total monthly repayment = $248,985 × $\frac{0.05}{12}$ + $\frac{248,985}{(30\times 12)}$

Total monthly repayment = $1037.45 + $691.63

Total monthly repayment = $1729.08

so 30 year fixed, 10% down at a fixed rate of 5%

5 0

3 years ago

Read 2 more answers

Anybody had a real job before if you did do you know how to do an application?

sveticcg [70]

Answer:

Be confident and make a good impression!

Explanation:

You can make a resume with a cover letter for your future employer. Just use the internet to search it, if you don't have any information in certain areas don't worry. They will usually give you an application to fill out asking for your name, address, and basic information. If you have any questions ask your parents. Be confident and good luck, I am sure you'll get the job!

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3 years ago

What three activities accounted for wal-mart’s success once it began purchasing directly from manufacturers?

natulia [17]

When Wal-Mart started purchasing from the manufactures of products directly in 1980 it helped to grow the business into a major success. The three activities that helped build the success was more cost effective inventory management, distribution practices by having their own fleet of trucks, and supply chain efficiency which helped to save time.

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3 years ago

Carlos wrote a check for $44.92 to pay his gas bill. He’ll use the check register to record his transaction. What will be his ne

eduard

Answer: $370.09

Explanation:

415.01 - 44.92 = 370.09

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4 years ago