Explanation:
Disruptive technology, new business ventures, and increased availability of data are quickly changing traditional financial reporting and assurance processes. As a result, prospective auditors not only need to understand fundamental auditing concepts, but also need to anticipate the influence that disruptive technology will have on the profession. The following case study provides a lens through which prospective auditors can view the coming changes to the profession by asking them to consider how the online lending company, Kabbage, is currently disrupting the lending industry for non-traditional and small businesses. Students contemplate several fundamental auditing concepts such as audit evidence, financial statement assertions, and analytical procedures while also acquiring insight into the effects that new and disruptive technology will have on the profession. The intention is to encourage students to embrace coming changes and become lifetime learners.
Answer:
The hold is that the $100 won't go in.
Explanation:
Answer:
These two options represent nominal values:
-The price of a beignet is $3.00 in 2011.
-Maria's wage is $27.00 per hour in 2011.
They are expressed in monetary value without taking into account inflation, or without being represented in terms of something else.
This option represents real value:
-The price of a beignet is 0.33 paperback novels in 2011.
The price of a beignet, nominally $3.00 is being expressed in relation to the price of something else: paperback novels, whose nominal price is $9.00.
In other words, in real terms, a beignet costs a third of what a paperback novel costs.
Our denials to divine nature and lack of appreciation of our connection to all things
