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eduard
3 years ago
14

Which of the following procedures would an auditor most likely include in the planning phase of a financial statement audit?

Business
1 answer:
Andrei [34K]3 years ago
8 0

Answer:

The correct answer is A. Obtain an understanding of the entity's risk assessment process.

Explanation:

In the process of developing the audit plan, risk assessment is one of the most important parts, since it will determine the relevance of the accounts in the review procedure performed. However, it is essential to emphasize that in order to achieve this determination, aspects such as qualitative risk factors, as well as quantitative ones, must be taken into consideration. In addition, the process has three essential steps that will help you achieve the evaluation of processes in an effective way: a) identify or classify an account as significant within the financial statements; b) identification of risks that may affect the processes; c) understanding of the entity.

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The following jobs are waiting to be processed at the same machine center. Jobs are logged as they arrive:
Anvisha [2.4K]

Answer:

The average job lateness for the sequence developed is 328 days

Explanation:

Given that the initial work day is base on day 275, the following is going to be the new sequence of the given jobs:

Job Due Date

A 318 5

B 317 3

C 320 8

D 327 16

E 364 40

Therefore, the average job lateness is calculated as follows:

(318+317+320+327+364)/5=328 Days

3 0
3 years ago
_______________ involves you imagining yourself achieving your final goal.
otez555 [7]
I’d say Outcome visualization since it involves seeing yourself achieving your goal.
3 0
2 years ago
Read 2 more answers
You have just been hired to perform digital investigations and forensics analysis for a company. You find that no policies, proc
QveST [7]

Hi, your question isn't clear. Nevertheless, I inferred you want a sample policy document.

<u>Explanation:</u>

Note, a forensic analyst is charged with ensuring there are no security threats to digital infrastructures. Thus, a <u>sample policy and processes document may read; </u>

  • Access to the Lab is restricted to certain employees
  • Lab employees must ensure they lock their offices when not in use.
  • Lab employees must put on their access cards to gain entry into the lab.
  • External storage devices are prohibited from entering and leaving the lab.
  • Visitors should be monitored and must be made to adhere to all the restrictions.

7 0
3 years ago
Suppose that two things happen simultaneously in the market for fish. First, a new technology allows fishing boats to catch more
erastova [34]

Answer: Option (a) is correct.

Explanation:

Advanced technology is a determinant of supply and consumer taste & preferences is a determinant of demand.

Therefore, improvement in technology in catching fish will lead to increase the supply of fish and this will shift the supply curve rightwards. On the other hand, eating fish prevents heart attacks, hence, consumer's demand for fish increases, as a result demand curve for fish also shifts rightwards.

This will lead to increase the equilibrium quantity but effect on equilibrium price is ambiguous because it will be depend upon the magnitude of the shifts of demand and supply curve.

3 0
3 years ago
McGaha Enterprises expects earnings and dividends to grow at a rate of 25% for the next 4 years, after the growth rate in earnin
Lerok [7]

Answer:

The correct option is B,$29.05

Explanation:

The required rate of return is can be computed using  Miller and Modgiliani CAPM formula below:

Ke=Rf+Beta*Mrp

Ke is the cost of equity which is unknown

Rf is the risk free rate of 3.00%

Mrp is the market risk premium of 5.50%

Beta is 1.2

Ke=3.00%+(1.2*5.50%)

Ke =9.6%

The current price of the common stock is the present value of dividends payment and stock price(terminal value) as shown below discounted with Ke of 9.6%

Year 1 $1.25*(1+25%)=$1.56 *1/(1+9.6%)^1=$1.43

Year 2 $1.56*(1+25%)=$1.95 *1/(1+9.6%)^2=$1.63

Year 3 $1.95*(1+25%)=$2.44 *1/(1+9.6%)^3=$1.85

Year 4  $2.44*(1+25%)=$3.05 *1/(1+9.6%)^4=$2.11

Terminal value=year 4 dividend/ke=$3.05/9.6%=$31.79*1/(1+9.6%)^4=$22.03

Total present values=$1.43 +$1.63+$1.85 +$2.11 +$22.03=$29.05

7 0
3 years ago
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