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Vlad [161]
1 year ago
7

Acc 450 if group auditors make no reference to component auditors whose work they have relied on as a part of the basis for thei

r report, the group auditors:_____.
Business
1 answer:
anastassius [24]1 year ago
3 0

if group auditors make no reference to component auditors whose work they have relied on as a part of the basis for their report, the group auditors decide not to make reference to the report of a component auditor that audited a portion of group financial statements.

An auditor is an individual or company hired by a company to conduct an audit of its financial statements. To practice as a certified public accountant, one must be licensed by the Auditing and Auditing Regulatory Authority or obtain specific qualifications.

The role of the auditor or evaluator is to prepare these financial statements in a professional and independent manner. An audit or audit of the association's financial statements can ensure greater accountability to members and ensure that all funds received by the organization are properly accounted for.

Learn more about auditors here:brainly.com/question/26048609
#SPJ4

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Answer:

Option b seems to be the correct approach.

Explanation:

  • Liaison seems to be collaboration as well as the communication of knowledge among various organizations as well as between multiple portions of the institution.
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Some other options aren't relevant to the current situation in question. So choice b was its right one

8 0
3 years ago
Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data
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Answer:

a. Profit(loss) = Total revenue - Total expenses

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The company did in fact generate<u> profit of $41,000 </u>and this can be shown from the Income Statement which is where profit or loss is calculated.

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Assets = Cash + Accounts Receivable + Supplies

= 30,800 + 25,300 + 40,700

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Liabilities are just the Accounts Payable of $25,700.

<em>Liabilities are less than Assets so Miami Music does indeed have sufficient resources to pay its liabilities. </em>

This information comes from the <u>Balance Sheet</u> which is where assets and liabilities are shown.

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Demographics are general information about groups of people. Depending on the purpose, the data may include attributes such as age, sex and place of residence, as well as social characteristics such as occupation, family situation or income. In web analytics and online marketing, demographics are used to provide a deeper insight into a website's target audience or to create the so-called people. Demographic data is used primarily for the strategic use of tailoring offerings to the respective target group and can also be used as the basis for business analysis and performance reporting.

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