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
Alchen [17]
3 years ago
12

is The role of independent auditors is to help ensure that management has in fact appropriately applied Generally Accepted Accou

nting Principles (GAAP) in preparing the company's financial statements?
Business
1 answer:
kozerog [31]3 years ago
3 0

Answer:

<em>This is the management's responsibility to properly apply GAAP. Auditors function as impartial mediators to help ensure that GAAP has actually been properly applied by management when preparing the financial statements for the company.</em>

Explanation:

Auditors review (audit) financial statements to give a competent, independent opinion on whether the documents reasonably reflect the financial position of the organization, its operating results and its cash flows in accordance with GAAP.

Audits contribute to the financial statements credibility and increase the trust of all those who depend on the details.

Hence, auditors play a significant role in the financial markets.

You might be interested in
Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a demand function of q1=100-2p1+
seraphim [82]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
4 years ago
Politics is sort of like a game. And the best gamer is great at manipulating the rules.
-BARSIC- [3]

Politics is about making agreements between people so that they can live together in groups such as tribes, cities, or countries. In large groups, such as countries, some people may spend a lot of their time making such agreements.

8 0
2 years ago
Describe how the worksheet creates an efficient process in the workplace.
Maru [420]

Answer:

Explanation:

Its importance is that it is a draft prepared by the accountant, with the purpose of preparing, based on it, the main financial statements, such as the profit and loss statement, the balance sheet and the surplus.

7 0
3 years ago
Read 2 more answers
At the beginning of the recent period, there were 1,050 units of product in a department, 35% completed. These units were finish
White raven [17]

Answer:

Answer for the question:

At the beginning of the recent period, there were 1,050 units of product in a department, 35% completed. These units were finished and an additional 5,500 units were started and completed during the period. 1,000 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were__________.

Is given in the attachment.

Explanation:

3 0
3 years ago
If the U.S. dollar appreciates from 1.25 Swiss franc per U.S. dollar to 1.5 francs per dollar, then the franc depreciates from _
olga55 [171]

Answer:

The answer is below

Explanation:

Appreciation and depreciation is caused by demand. If the value appreciates (or goes up), demand for the currency also rises. Whereas if a currency depreciates, it loses it value.

Given that the U.S. dollar appreciates from 1.25 Swiss franc per U.S. dollar to 1.5 francs per dollar. Sine the U.S dollar appreciates, hence the franc would depreciate. The franc depreciates from 1.25⁻¹ (0.8) U.S dollars per franc to 1.5⁻¹ (0.67) U.S dollars per franc.

If the U.S. dollar appreciates from 1.25 Swiss franc per U.S. dollar to 1.5 francs per dollar, then the franc depreciates from 0.80 U.S. dollars per franc to 0.67 U.S. dollars per franc.

5 0
3 years ago
Other questions:
  • A small corporation borrowed $1,000,000 to expand its line of toys. Some of the money was borrowed at 7%, some at 8%, and some a
    14·1 answer
  • Although companies that sell global products can reduce costs by standardizing certain marketing​ activities, when might this ap
    10·1 answer
  • Barnes Enterprises has bonds on the market making annual payments, with 14 years to maturity, a par value of $1,000, and a price
    15·1 answer
  • You hold short positions of a stock and believe the price of the stock is going to decline within the next three months. However
    9·1 answer
  • I am on a iPad pls help me I cannot join brainly it's says " We're sorry, but we are not able to complete your registration at t
    6·1 answer
  • A product line refers to Multiple Choice a group of product or service items that are closely related in terms of needs satisfie
    10·1 answer
  • Net working capital increases when: Multiple Choice inventory is sold at cost. fixed assets are purchased for cash. inventory is
    8·1 answer
  • A subsidiary of Porter Inc., a U.S. company, is located in France. The functional currency of this subsidiary is the dollar. The
    7·1 answer
  • Alison incurs the following research expenditures. In-house wages $125,000 In-house supplies 12,500 Paid to ABC, Inc., for resea
    9·1 answer
  • What is the purpose of a free trade area?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!