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DanielleElmas [232]
3 years ago
10

Many people believe that a CPA cannot be truly independent when payment of fees is dependent on the management of the client. Ex

plain two approaches that could reduce this appearance of lack of independence.
Social Studies
1 answer:
Illusion [34]3 years ago
8 0

Answer:

The correct answer is down below please read it well I couldn't summarise it too much to only occupy a few lines because it is too extense.

Explanation:

Options to decrease the aspect of the absence of independence in the first place are that the employment of a committee of audits to choose the auditors is delegated to directors that are not part of management. Also that all the changes and updates on auditor as well as the reasons backing them have to be reported to the SEC or any other regulatory institution. As well as the approval of the CPA firm by the stockholders in the annual meeting.

The second one is that the Sarbanes-Oxley act demands that the audit committee of a public company has to be integrated by independent members and have to cover duties of appointment, termination, and compensation of the audit firm.

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Answer:

d. embezzlement.

Explanation:

Embezzlement is financial fraud and mostly associated with white collar profession. In this example  If Daniel took the cash, he could be found guilty of the crime of embezzlement. Embezzlement means when someone steal  the money , property or any asset of a  person who trust the embezzler, and  embezzler break the trust and steal the asset. As embezzler is only allowed to deal and handle the asset but not take it and become owner.

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4 years ago
30 points In a _______ ________ citizens elect the president as head of government separately from the legislature. Question 1 o
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The correct answers are the following:

1. In a Presidential Democracy citizens elect the president as head of government separately from the legislature.

2. A Communist government has only a single political party. In this type of government, the party holds the power and controls the economy as well as the whole state.

3. An Autocratic government is controlled by one person with absolute power. In this kind of government, citizens do not take part in any decision and there are not mechanisms to regulate it.

4. A Democratic government is a system where all citizens that choose to vote have a say in their government. The power is exercised by the elected representatives of the people through a free electoral system.

5. In a Parliamentary Democracy the people elect the legislature, and the legislature chooses the head of government. The Parliament is a coalition of different parties and its leader is usually known as the <em>Prime Minister</em> or <em>Chancellor.  </em>


5 0
3 years ago
Smith, an elementary school teacher, believes that girls are smarter than boys. She predicts that the girls in her class will le
diamong [38]

Answer: Her prediction is a hypothesis

Explanation:

A hypothesis is a supposition or proposed explanation made on the basis of restricted evidence as a starting point for more investigation.

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