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
Jlenok [28]
3 years ago
7

What factors might have caused the auditor to inappropriately accept the assertions by management that the vendor allowances sho

uld be reflected in the financial statements?
Business
1 answer:
Korvikt [17]3 years ago
6 0
Auditors may be inclined to accept client representations because of a natural bias to want <span>to trust the client.
Before doing the auditing process, auditor usually receive a small briefing from the management team on the financial system that they use in recording their transactions. </span>If these allowances had been used in the past the auditor<span> may have been inclined to accept them as regular business practices</span>
You might be interested in
Anthony is 17 years of age and attending college in Maine. One day, while skiing he breaks his leg and is taken to the emergency
Liono4ka [1.6K]
Himself I believe. Unless. Something made him fall -proper gear, slopes, borrowed equipment- if none of these are acquired then it would be himself because no one is at fault other than himself... hopefully this is right?

Good luck!
5 0
3 years ago
Read 2 more answers
When michelle meets with the section managers to brief them on the concerns of the city officials, which management role is she
Gnesinka [82]
The answer is A. Michelle's meeting with the section managers is one in which she is dispensing information or functioning as a disseminator. Michelle is connecting with others here, but she is not a liaison because she is connecting within the organization, not outside of it. Michelle is neither addressing a problem nor mediating between parties so she is not functioning in the role of disturbance handler or negotiator.Please make my answer the brainliest.
4 0
3 years ago
In christopher's speech about his hobby as an amateur potter, he exhibited several pieces of pottery as his presentation aids. w
True [87]
I would say that Christopher used a show and tell technique to demonstrate what he has made as that is the most effective way to reveal one's abilities is to see the outcome with one's own eyes and then how it was made makes much more sense than just describing it with only words.
6 0
3 years ago
Which of the following is a possible market solution to the lemons problem? Producers might be required to meet certain legal st
solniwko [45]

Answer:

Producers might offer product guarantees and warranties

Explanation:

In business, lemon problems refers to the problems that might occur during transaction that is caused by different information possessed by the sellers and the buyers

<u>For example,</u>

Let's say that Person A offered to sell 10 lemons for $1. Person B is interested to purchase it since average price for 10 lemons is $2.  Person B believed that the transaction is worth it.

But, Person A knows that the Lemons sold is in bad condition before he even sell it. Person B doesn't know this, so when he receive the lemon, the value of the product become lower than he expected.

Offering guarantees can solve this problem. The buyers can obtain their money back if the condition of the product is not as promised by the sellers.

8 0
4 years ago
Which of the following statements are true about the chart of accounts? (You may select more than one answer. Single click the b
sesenic [268]

Answer:

These answer choices are correct:

a) Different companies use different charts of accounts based on individual company need.

The chart of accounts is the list of all the accounts that a company uses over a period of time. Because each company has a different economic and operating activity, each company's chart of accounts is unique.

b) The chart of accounts contains the balance of all of the accounts in a ledger

c) The chart of accounts should be ordered in a logical sequence based on type of account

The chart of accounts includes all the acounts of the ledger, and it also is organized following a logical sequence. Assets, Liabilities, Stockholders' Equity, and their corresponding subdivisions, is usually the order of organization.

7 0
3 years ago
Other questions:
  • Stoneheart Group is expected to pay a dividend of $3.05 next year. The company's dividend growth rate is expected to be 4.5 perc
    13·1 answer
  • Internal control is a process designed to ensure
    15·1 answer
  • One of the principal causes of unethical behavior in organizations is overly aggressive financial or business objectives.
    7·1 answer
  • Which of the following statements is true regarding the Worker Adjustment and Retraining Notification (WARN) Act? a Most federal
    15·1 answer
  • Analyze the effectiveness of Postbellum policies by explaining if Reconstruction succeeded or failed in the areas of Economics –
    13·1 answer
  • The application of science and research to human life and environments is called?
    6·1 answer
  • The following data has been provided for a compan most recent year of operations:
    11·1 answer
  • A change in the price of a good has two effects on the quantity consumed. What are these​ effects?
    9·1 answer
  • Click on the item below that contains a comma splice.
    9·1 answer
  • Required information
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!