Answer:
C) Disclaim an opinion on the assessment of controls.
Explanation:
According to PCAOB AS 2201, the registered auditor must disclaim an opinion on the effectiveness of internal controls used by the corporation. The auditor must also determine whether management's reports are complete and properly presented. In a final report, the auditor must give the reasons for his/her determinations.
Answer:
c. Wait to act until all information is known
Explanation:
- Risk management or mitigation is the identification and the evaluation and prioritizing if the uncertainty that is followed by the minimize monitor and control the impacts or maximize the relational of opportunities. The best method is to obtain full information and avoid the impacts of the risk.
Answer:
The spending on imports is $0 million.
Explanation:
GDP = C + I + G + (X – M)
Here, C is consumer spending of $4million, I is investment of $2million, G is government spending of $5million, X is exports worth $4million and M are imports which not given in the question. The GDP in the question is given and is $15million.
So by putting values in the equation we have:
15 = 4+ 2 + 5 + (4 - M)
15 - 4 - 2 - 5 - 4 = M
This emplies
M = $0 Million which means that the country has a complete ban on its importation of goods and services.