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Snezhnost [94]
3 years ago
10

Dorothy (an audit manager) has been assigned to the audit of Tandem Electric, Inc. Dorothy is concerned that Joanne, a friend fr

om her college days, is on the internal audit staff of Tandem Electric. Dorothy believes she could provide services to this client in an objective manner. Which statement best describes how Dorothy should apply the AICPA conceptual framework approach in this situation?a. Dorothy should refuse to provide services to Tandem Electric because no safeguards would be effective in mitigating the threat(s) to her independence. b. Dorothy should not participate in the audit of Tandem Electric before obtaining a written waiver from her firm's general counsel. c. Dorothy should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level. d. Dorothy should document her assessment of independence, which should include a sworn statement from Joanne.
Business
1 answer:
Helga [31]3 years ago
7 0

Answer:

c. Dorothy should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level.

Explanation:

The best application of the AICPA conceptual framework approach in this scenario is that: Dorothy should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level.

<u>The threat of independence in the scenario is not high enough to warrant the resignation of Dorothy from the audit team because her friend is not the Finance Director or person in charge of primary preparation of the financial statements but just a member in the internal audit team, hence the risk to her independence is relatively moderate.</u>

Dorothy already believes that she will be objective, hence she should consider the threats to her independence and whether safeguards may be applied that reduce the threat(s) to an acceptable level.

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Oksana_A [137]

Answer:

i think the answer is $27,350

Explanation:

i hope it help

6 0
3 years ago
Department A had no Work-in-Process at the beginning of the period, 1,000 units were completed during the period, 200 units were
statuscvo [17]

Answer:

Materials total cost equal to 2,000 the correct option is C

C. $2,000

Explanation:

<u>Conversion Cost</u>

<u>conversion cost</u> = labor + overhead

CC = 5,000 + 4,400 = <u>9,400</u>

complete during the period   1,000 units

ending inventory                       200 units 50%

<u>Equivalent units:</u>

completed + ending worked portion

1,000 + 200 x 50% = 1,000 + 100 = <u>1,100</u>

CC equivalent unit cost  9,400/1,100 x 100 = 854.55

<u>Materials</u>

<u>Cost     $ 12,000</u>

<u>Equivalent units</u>

completed  1,000

ending          200 at 100%

completed + ending times added portion

1,000 + 200 x 100 % = 1,200

Equivalent unit cost: 12,000 / 1,200 = 10

Ending inventory 200 x 10 =         2,000

5 0
3 years ago
When a restaurant prices pizza at $10 per slice they sell 100 slices in a night. If they sell pizza for $5 per slice, they sell
Helga [31]

slope of this demand curve for pizza = <u>-1/40</u>

<h3>Briefly explained</h3>

Slope = changes in y/ changes in x

The shop sells 200 more pizzas if the price drops by $5 ($10 to $5). (100 to 300 pizzas) A good's quantity is always on the x-axis and its price is always on the y-axis. According to our justification, the cost is REDUCED by $5 (a reduction of -$5) and the quantity of pizzas sold rises by 200. The slope is therefore <u>-5/200 or -1/40.</u>

<h3>What is demand curve?</h3>

The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the quantity required over a specific time period.

The price will often be shown on the left vertical axis in a representation, and the amount needed will typically be shown on the horizontal axis.

Learn more about demand curve

brainly.com/question/1139186

#SPJ4

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Andrew [12]
You need to file W-2
6 0
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Like any effective salesperson, Frazer walks into a customer's office, shakes hands, looks the customer in the eye, and smiles.
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