Answer:
The answer is a heightened risk of fraud
Explanation:
When this (the scenario in the question) happens, it is a red flag and a fraud is likely to have happened and the auditor should treat this as a high risk.
Management intention might be to conceal a material information inorder to pepetrate fraud or the truth might be that the documents for the acquisition is truly lost.
The auditor should also consider the materiality of this event when forming their opinion on the financial statement
In a nutshell, this case poses a risk of fraud.
Software development process that develops software iteratively with a heavy emphasis on construction activities is known as an agile process. This process is driven by and focused on customer descriptions. It recognizes that plans are only for a short time and delivers a number of software increments.
Answer:
(C) Pass-through grant
Explanation:
A pass-through grant occurs when a recipient of a grant is allowed by the government to provide funding to other recipients. Funds are received and passed along to other recipients.
The party that receives funding from the pass-through entity is called the subrecipient.
This usually occurs when government lacks the structure to effectively push grant initiatives.
In this instance when states provide funds to the city for onward delivery to not for profit organisations, the city is acting as a pass-through entity.
Answer:
c. Only new securities are sold in the primary market.
Explanation:
- Primary markets is where securities are sold for the first time. Secondary market is a place (physical o virtual place) where securities are renegociated.
- As an example, think about a company which is increasing its capitalization and wants to emit new stocks: it would do it in the primary market.
- On the other hand, if some of the members of the company wantsto buy more stocks from that company, unless the company is emiting new stocks, he or she would have to buy the stocks in the secondary market.
Answer:
<u>As a threat</u>
<u>Explanation</u>:
Because the amount of disposable personal income and consumer spending of employees are as a result of taxes imposed by government; which when analysed using SWOT analysis is an external factor.
<u>If taxes (an external factor) is increased negatively it is not in the best interest of the company, </u>therefore they would characterise such information as a threat.
