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
stich3 [128]
2 years ago
15

Communications with management regarding the scope and timing of an audit engagement should?

Business
1 answer:
Keith_Richards [23]2 years ago
5 0

Communications with management regarding the scope and timing of an audit engagement should be made to the  internal control over financial reporting.

<h3>What must management communicate to the audit committee?</h3>

In regards to an integrated audit, the factor that need to be communicated by management to the audit committee is that  Management need to pass across both material weaknesses as well as vital deficiencies to the audit committee.

Therefore, after that has been done, Communications with management regarding the scope and timing of an audit engagement should be made to the  internal control over financial reporting.

Learn more about financial reporting from

brainly.com/question/13466343
#SPJ1

You might be interested in
Companies use ____________ to check that enough work is scheduled for operations and that the amount of work scheduled is feasib
Veseljchak [2.6K]

Answer:

e) capacity requirement planning

Explanation:

Based on the information provided within the question it can be said that the term being mentioned is called capacity requirement planning. Like mentioned, this term refers to the process that a company undergoes in order to calculate how much of something it needs to achieve a goal and whether or not it is feasible. Which can also be used regarding work schedules like in this scenario.

7 0
3 years ago
Sarah and Wei have an opportunity to buy a large parcel of land on the Willamette River, just two miles south of Salem. They wan
Andrei [34K]

Answer:

Explanation below.

Explanation:

The recommendation that I will give or propose is that the agreement must have a legal backing.

This is the best recommendation that a wise person can proposes. It is a show of height of stupidity when an individual go into conjunction with another person without any written agreement that is backed legally. This because, when there is a problem in the future, the documents will be a way to solve it.

The other secondary option is written and signed agreement with video recording. This is not as good as the one mentioned above, but can still be considered as an alternative.

8 0
4 years ago
jphone, inc., has an equity multiplier of 1.41, total asset turnover of 1.7, and a profit margin of 8 percent.
lukranit [14]

ROE = 15.40 is the right answer.

ROE = (profit margin x asset turnover x equity multiplier)

ROE = (7 x 1.63 x 1.35)

ROE = 15.40

<h3>What is Return on Equity?</h3>

The efficiency of a company's management team in managing the capital that shareholders have invested in it can be gauged by investors using the ratio known as return on equity (ROE). In other words, return on equity evaluates how profitable a company is in comparison to the equity held by stockholders. A company's management is more effective at generating revenue and growth from its equity financing the higher the ROE.

Using ROE, one may assess a business's position in relation to the market and its rivals.

The method is especially useful when comparing businesses in the same industry since it can be used to evaluate almost any company with a focus more on tangible than intangible assets and to identify which businesses are more financially efficient.

Shareholder equity divided by net income is referred to as the return on equity (ROE).

Before common-stock dividends are paid, the bottom line profit shown on an organization's income statement is known as net income. An alternative to net income is free cash flow (FCF), which is another measure of profitability.

Thus, ROE is a financial measuring tool for any business.

For more information on ROE, refer to the given link:

brainly.com/question/27821130

#SPJ4

8 0
1 year ago
The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 3 square feet at $2.40 per squa
Andru [333]

Answer:

Direct material quantity variance

= (Standard quantity - Actual quantity) x Standard price

= (27,600 - 28,100) x $2.40

= $1,200(A)

Standard quantity

= 3 square feet x 9,200 units

= 27,600 square feet

Explanation:

Direct material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price.

Standard quantity is obtained by multiplying the standard quantity per unit ( 3 square feet) by actual units completed (9,200 units).

4 0
3 years ago
Sol purchased land as an investment on January 12, 2011 for $85,000. On January 31, 2017, Sol sold the land for $30,000 cash. In
kvv77 [185]

Answer:

$15,000

Explanation:

Realized gain is the profit that is exceeded from the expense for a particular years. Realized loss is the loss that resulted from the excessive expense.

To determine the net realizable gain or loss, we can use the following formula -

Realizable Gain (loss) = Sale amount of tangible assets + mortgage purchasing - purchase price

Given,

Sale amount of tangible assets = $30,000

purchase price = $85,000

mortgage purchasing = $70,000

Putting the value into the formula, we can get-

Realizable Gain (loss) = $30,000 - $70,000 - $85,000

Therefore, Realizable Gain (loss) = $15,000

7 0
3 years ago
Other questions:
  • The recent financial and healthcare reform bills provide examples of how marketing can be impacted by which macroenvironmental f
    8·1 answer
  • "you require the ability to analyze a customer's clickstream data on a website so they can do behavioral analysis. your customer
    11·1 answer
  • During the month of June, Whispering Boutique recorded cash sales of $302,810 and credit sales of $130,219, both of which includ
    15·1 answer
  • Inventory records for Dunbar Incorporated revealed the following:Date Transaction Number of units Unit CostApr. 1 Beginning inve
    12·1 answer
  • Frost Enterprises buys a warehouse for $ 510,000 to use for its East Coast distribution operations. On the date of the​ purchase
    10·1 answer
  • Difference between debit the receiver and credit the giver ​
    10·1 answer
  • fter 15 years of employment in the airline industry, John started his own consulting company to use physical and computer simula
    9·1 answer
  • Calculate the annual cash dividends required to be paid for each of the following preferred stock issues:
    9·1 answer
  • Gottschalk Company sponsors a defined benefit plan for its 100 employees. On January 1, 2020, the company's actuary provided the
    15·1 answer
  • Can Financial Markets help deploy renewables?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!