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
ohaa [14]
2 years ago
5

The study done by the Committee of Sponsoring Organizations (COSO) on financial statement frauds that occurred during the period

from 1987-1997 had many key findings. Which of the following is NOT one among them?
Business
1 answer:
Nadya [2.5K]2 years ago
3 0

Answer:

Most of these firms had audit committees that met at least four times a year.

Explanation:

COSO stands for Committee of Sponsoring Organization, which is an organization that is dedicated to offering the thought of guidance as well as leadership on the fraud deterrence, internal control and management of  enterprise risk.

From the findings which is not found as fraud is that the most of the firms or businesses had committees of audit which met at least 4 times a year.

You might be interested in
Next Saturday, best friend, Sol, and I will have separate acts in a citywide talent contest. But we've just made a _____ with ea
Bas_tet [7]

Answer:

truce

Explanation:

Here is the full question :

Next Saturday, my best friend. Sol and I will have separate acts in a citywide talent contest. But

we've just made a _____with each other that will help us from feeling jealous if one of us

wins and one loses. We've decided that if one of us wins that person will share the prize money

with the other one.

Which word BEST completes the sentence?

truce

alliance

treaty

pact

A truce is an agreement between people to stop fighting for a limited.

Sol and his best friend made an agreement that would stop them from fighting

A pact is an agreement between people

3 0
2 years ago
Read 2 more answers
When a single broker represents both parties in a real estate transaction, a _______ agency may exist.
Nataliya [291]

Answer:

Dual

Explanation:

real estate transaction,which is used to convey ownership of a particular property to the buyer whereby there is a mutual agreement on some terms. The contract may be long it in shirt time.the end process is usually reffered to as “closing,” and this is a term that explains that both parties need to fulfill all terms and conditions that is associated with the exchange.

It should be noted that When a single broker represents both parties in a real estate transaction, a dual agency may exist.

7 0
2 years ago
An open economy interacts with the rest of the world through its involvement in world markets for goods and services and world f
abruzzese [7]

Answer:

a. The effect of the tea shipment from India:

Imports:

Direction of change? (increase, decrease, no change)

Magnitude of change = $1,500,000

b.  Because of the identity equation that relates to net exports, the (increase/decrease?) in U.S. net exports is matched by (an increase/a decrease?)  in U.S. net capital outflow.

c. Examples of how the United States might be affected in this scenario:

The Indian tea producer purchases $1,500,000 worth of stock spread out over a few U.S. companies.

The Indian tea producer hangs on to the $1,500,000 so that it can use the U.S. dollars to make investments.

Explanation:

The net exports identity equation "Net Capital Outflow = Net Exports" measures the imbalance between a country's exports and imports.  It also measures the imbalance between the foreign assets bought by domestic residents and the domestic assets bought by non-resident foreigners.

5 0
3 years ago
At the end of the year, the deferred tax asset account had a balance of $4 million attributable to a temporary difference of $16
Alex

Answer:

1 . Dr ncome tax expense 7

Dr Deferred tax asset 4

Cr Income tax payable 11

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

Explanation:

Preparation of Journal entries

JournalDebitCredit

(In million)

1 . Dr ncome tax expense 7

($11-$4=7)

Dr Deferred tax asset 4

($16× 25% = $4)

Cr Income tax payable 11

($44 × 25% = $11 )

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

(3/4 × $4) = $3 million

Deferred tax asset= ($16× 25%)

Deferred tax asset= $4 million

Income tax payable= ($44 × 25%)

Income tax payable= $11 million

5 0
3 years ago
How might the inability to provide fringe benefits affect a sole proprietors ability to run a business
Reika [66]
The inability of sole proprietors to provide fringe benefits to their employees can affect the service rendered to customers. Without fringe benefits, the employer will not be able to attract quality applicants for his business. He may have to settle for less qualified staff who may not be able to provide clients with excellent service.
4 0
3 years ago
Other questions:
  • Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted sales and cash payments for product cost
    5·1 answer
  • Credit card refinancing vs debt consolidation
    14·2 answers
  • Russell’s has a bond issue outstanding. The issue's indenture provision prohibits the firm from re-deeming the bonds during the
    10·2 answers
  • A firm knows that Mike’s income elasticity of demand for hair ties is 5 while for Sally it is 0.2. A firm can reason that a hair
    14·1 answer
  • Tunebeak, a fast food service chain, wants to introduce a new product. However, it lacks the financial support required to promo
    6·2 answers
  • Which of the statements is true regarding advertising? Perfectly competitive firms have the strongest incentive to advertise. Ad
    12·1 answer
  • If the government removes a binding price floor from a market, then the price received by sellers will
    12·1 answer
  • Select the true statement about the impact of automation on employment. a.) Automated processes have no effect on the number of
    10·1 answer
  • What is the different between book-keeping and accounting​
    11·1 answer
  • The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!