The components of audit engagement from the question are:
- Cost-benefit
- Circumvention
- designs
- application of controls
- control environment
<h3>The factors that increase inherent risks</h3>
- The integrity of the people that are in managerial positions.
- The experience and the effectiveness of managers.
- Pressures faced by management.
<h3>Factors that affect control risks:</h3>
- Presence of Novel situations
- The use of Outdated controls
- Improper separation of duties
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TRUE, an accounting firm collected cash on account. as a result of this transaction, total assets, liabilities, and equity are all unchanged.
A legal entity is a for-profit business organization that provides professional services, such as a corporation, limited liability company (LLC), or partnership.
A firm can be a company. B. A consumer goods store that offers physical products. It can also represent a service provider such as a hairdresser. The term company can refer to any for-profit business, but it is often used to describe businesses in specific industries such as law or accounting.
Companies are all kinds of businesses. Examples of companies include sole proprietorships, partnerships, limited liability companies, and corporations. The term is more commonly associated with partnerships.
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The purpose of financial accounting is to provide information that helps with the assessment of a firm's financial history and current performance. Financial accounting includes income statements, balance sheets, and statements of cash flows.
According to the World Health Organization (WHO), health is defined as a state of complete mental, physical, and social well-being. Being healthy is not simply the absence of disease or infirmity according to his organization. Being free from diseases is not enough to call yourself healthy, you have to be mentally healthy, physically healthy, and socially healthy.<span> </span>
Answer:
Steamboats brought cheaper and faster two-way traffic to the Mississippi Valley,ultimately option A is correct
Explanation:
Steamboats when introduced impacted America positively by ensuring smooth travel up the river even in the face of high and turbulent waves.
They were also instrumental during America's civil war by ensuring the "Union" in taking charge of the waterways.
Besides,since steamboats are steam-powered that afforded them the ability to convey more cargo viz-a-viz the traditional ones.
