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Nataly [62]
3 years ago
5

Which of the following statements is more closely related to independence in fact, rather than independence in appearance? Multi

ple Choice a. Ownership of a financial interest in a client by an auditors’ spouse. b. The auditors’ actual state of mind and unbiased mental attitude. c. Employment of an auditors’ child in a position of influence within a client. d. Ownership of a financial interest in a client by an auditors’ distant relative.
Business
1 answer:
In-s [12.5K]3 years ago
3 0

Answer:

The correct answer is b. The auditors’ actual state of mind and unbiased mental attitude.

Explanation:

Independence warns a mental attitude that allows to express a conclusion without influences that compromise professional judgment, allowing an auditor to act with integrity, objectivity and professional skepticism. In addition, it requires apparent independence, avoiding facts and circumstances that are so relevant that a third party with judgment and knowledgeable, appreciating all the specific facts and circumstances, will probably conclude that the integrity, objectivity or professional or skepticism of the team member Audit have been compromised.

The IFAC conceptual framework is applied in order to identify threats such as: self-interest, self-review, advocacy, familiarity and intimidation in relation to independence, assess the importance of the threats that have been identified and whether It is necessary to apply safeguards instituted by the profession or by legal provisions or safeguards in the work environment to eliminate or reduce them to an acceptable level, if it is not possible to minimize the origin of these threats, the professional can terminate the audit assignment.

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Which of the following is a correct statement regarding the shipment of goods?
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Answer:

The answer is A) The shipping document must be in paper form.

Explanation:

When you are shipping goods (specially if you´re exporting or importing goods) you need a lot of paperwork done. The carrier, customs official, the banks involved, insurance companies, etc., all require several types of documents. The most important ones are:

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And all those documents need to be in paper form and some require several copies.

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3 years ago
The police need to have _____ to obtain a search warrant.
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Answer:

a

Explanation:

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what is a graphical representation of the combination of goods and services that can be produced in a situation
Komok [63]

Answer: Production possibility frontier (PPF).


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3 0
3 years ago
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What is an essential government role in market economies select one of the options below as your answer:
slavikrds [6]
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2 years ago
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Answer:

1. Small expenditures which primarily benefit the current period. REVENUE EXPENDITURES

2. Cost less accumulated depreciation. BOOK VALUE

3. An accelerated depreciation method used for financial statement purposes. DOUBLE DECLINING BALANCE METHOD

4. Tangible resources that are used in operations and are not intended for resale. PLANT ASSETS

5. Equal amount of depreciation each period. STRAIGHT LINE METHOD

6. Expected cash value of the asset at the end of its useful life. SALVAGE VALUE

7. Process of allocating the cost of equipment over its service life. DEPRECIATION

8. Material expenditures that increase an asset's operating efficiency, productive capacity, or useful life CAPITAL EXPENDITURES

9. An accelerated depreciation method used for tax purposes. MACRS

10. Useful life is expressed in terms of units of production or expected use. UNITS OF ACTIVITY METHOD

Explanation:

7 0
3 years ago
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