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Bezzdna [24]
4 years ago
13

If mistakes or fraudulent reporting behavior are discovered, auditors require the company to correct all significant information

before issuing financial statements.
TRUE or FALSE.
Business
1 answer:
stepladder [879]4 years ago
6 0

Answer:

The correct answer is True.

Explanation:

In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.

Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.

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An increase of $100,000 in inventory would result in a(n) Increase in bonds payable. Decrease of net cash flow. Decrease in mark
ki77a [65]

Answer:

Decrease of net cash flow

Explanation:

Underthe indirect method, we calculate the cash flow based on the change in working capital:

The inventory, which is an asset will be purchased with cash or cash equivalent. Therefore, an increase on inventory produce a decrease of net cash flow.

If the inventory is purchased on account then, It will increase account payable, which represent an increase on the net cash flow. This generates a net effect of zero, 100,000 for account payable - 100,000 for inventory.

Which is what happens when purchase on account are made.

However, here we are asked for an increase on inventory only. We should simply state that this will represent a decrease in the cash flow for 100,000.

5 0
3 years ago
What are the differences between first-generation OD and second-generation OD? What are the major changes between these two gene
MaRussiya [10]
1st generation: focused on individual growth through t-groups. management practices and employee involvement.
-action research, survey feedback, and sociotechnical systems.

2nd generation: emphasized larger, system-wide concerns such as culture, change management, and organizational development.

I believe there is a little big of both losses and gains. OD is not a one-size fits all approach. therefore different organizations require different aproaches. it is a gain in the sense that we have new experience and research programs, academics have built on the previous practices so they are new and improved. But it is a loss because maybe for a certain company a 1st generation OD practice would work best but it has been over looked or changed so much because of the 2nd generation "gains" they never try it out.
6 0
3 years ago
Companies use esg integration to create new forms of
jek_recluse [69]

Answer:

(Hope this helps can I pls have brainlist (crown)☺️)

Explanation:

Environmental, Social, and Governance (ESG) is an acronym that stands for Environmental, Social, and Governance. These non-financial aspects are increasingly being used by investors in their analytical process to identify major dangers and growth prospects.

The goal of this research is to use ESG integration to produce new types of competitive advantage, not only ESG ratings. It can't be left exclusively to the investor relations team or the sustainability department since it includes key strategic and operational decisions.

6 0
2 years ago
Diz Co. is a U.S.-based MNC with net cash inflows of euros and net cash inflows of Swiss francs. These two currencies are highly
VikaD [51]

Answer:

Yanta Co. has a higher exposure to exchange rate risk than Diz Co.

The reason is that Yanta Co. does not have net inflows of euros.  Instead, its euro transactions yield net outflows.

It will always be in need of euros to settle its foreign debts or obligations, unlike Diz Co. with foreign assets.

Explanation:

a) Data and Analysis:

Diz Co. has net cash inflows of euros and net cash inflows of swiss francs

Yanta Co. has net cash outflows of euros and net cash inflows of swiss francs

b) Exposure to exchange rate risk or currency risk is the financial risk arising from fluctuations in the value of the US dollars against the Euro or Swiss Francs in which Diz Co. has some foreign assets while Yanta Co. has foreign obligations.

5 0
3 years ago
If the economy is experiencing less than full-employment, the keynesian model recommends that the government.
ASHA 777 [7]

Answer:

!

Explanation:

7 0
1 year ago
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