When the auditors obtain an understanding of internal control for the financing cycle, documentation will frequently include a written description as well as a(n): Summary of tests of controls.
Why is it important for an auditor to obtain an understanding internal control?
The auditor should obtain an understanding of how IT affects control activities that are relevant to planning the audit. Some entities and auditors may view the IT control activities in terms of application controls and general controls.
When assessing the competence of the internal auditors An auditor should obtain information about the?
When assessing the competence of the internal auditors, an independent CPA should obtain information about the: quality of the internal auditors' working-paper documentation.
What are the specific duties imposed on the auditor regarding internal control and internal audit?
Assess the company's risks and the efficacy of its risk management efforts. Ensure that the organization is complying with relevant laws and statutes. Evaluate internal control and make recommendations on how to improve. Identifying shortfalls or gaps in processes
Learn more about financing cycle:
brainly.com/question/17578519
#SPJ4
Answer:
The answer is:
focus group
Explanation:
a focus group is a small group of a population, made up of the different categories of the members of the larger population (demographic diversity, whose reactions on particular research are studied using a guided or open discussions, to reflect reliably the reactions that can be expected from the larger population. Use of focus groups is for data collection. In this example, the intended research is on "how homeowners do yard work" and " their views on hiring lawn care services". The group to be focused on (focus group) is the homeowners, so anyone who does not own is home is not part of this group and in order for this group to accurately reflect all the homeowners population, it should include men and women, with different types of homes.
The Correct Awnser is (A) because when you do the math, thats what you come up with
Answer:
The productivity increased from 0.89 carts pwe worker per hour to 0.93 arts per worker per hour.
Explanation:
5 worked make 80 carts per hour
Worker receive $10 dollar per hour = $50 dollars wages epxense
Machine cost $40 dollar per hour
A worked is crow-out from factory and the equipment cost increased by $10
The total cost still is $90 dollars but the output now is 84 carts
Labor Productivity (before purchase of new equipment)
80 carts
(5 wkrs .∗$ 10 per hr .)+$ 40
= 0.89 carts per worker per hour
Labor Productivity (after purchase of new equipment)
84 carts
(4 wkrs .∗$ 10 per hr .)+$ 50
= 0.93 carts per worker per hour
<u>Question missing:</u>
Compute labor productivity under each system (before and after the purchase of new equipment). <u>Use carts per worker per hour</u> as the measure of labor productivity.
Answer:
The correct answer is a. Direct foreign investment.
Explanation:
Foreign direct investment refers to the generation of new business by foreign companies or individuals in a given country. This type of investment seeks to open markets and globalize firms, which can belong to any sector of the economy. In recent years it is very common to see businesses applied to new technologies, and about 50 years ago the common thing was to create foreign branches that exploited land resources.
