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swat32
3 years ago
12

Professional skepticism related to detecting possible fraud involves the validation of information through probing questions. cr

itical assessment of evidence, and attention to inconsistencies.
Business
1 answer:
Gnom [1K]3 years ago
6 0

Answer:

True

Explanation:

Professional skepticism is an examining mindset which makes you conscious of the situations that may suggest possible error or scam as well as a critical evaluation of audit facts.

You might be interested in
Gundy Company expects to produce 1,299,600 units of Product XX in 2017. Monthly production is expected to range from 73,600 to 1
SCORPION-xisa [38]

                        Monthly Flexible Manufacturing Budget

                                   For  the Year 2017

Activity level

Finished units                                           73,600     96,200        118,800

Variable costs

Direct materials($3)                              $220,800   $288,600  $356,400

Direct labor($6)                                     $441,600    $577,200   $712,800

Overhead($9)                                        <u>$662,400</u>   <u>$865,800</u>  <u>$1,069,200</u>

Total variable costs                              $1,324,800 $1,731,600 $2,138,400

Fixed cost

Depreciation[($6 * 1,299,600) 12]        $649,800    $649,800    $649,800

Supervision[($2 * 1,299,600) / 12]        <u>$216,600 </u>    <u>$216,600 </u>    <u>$216,600</u>

Total fixed costs                                    <u>$866,400</u>   <u>$866,400</u>    <u>$866,400</u>

Total costs                                            $2,191,200 $2,598,000 $3,004,800

See similar solution here

<em>brainly.com/question/12988342</em>

5 0
2 years ago
Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own check
andrezito [222]

Answer:

Grace is incorrect because of the veil and alter ego theory

Explanation:

In this scenario Grace formed a corporation along with her three friends. As a result of catering services offered guest became ill and sued Grace and the other owners for damages.

According to the alter egos theory personal liability can be invoked on the owners of a corporation or its limited liability members.

Alter ego theory is used to penetrate the corporate veil that protects shareholders. Personal liability can be assigned on the business owner as it is in this case against Grace and the other owners.

7 0
2 years ago
Gary Kelly, CEO of Southwest Airlines, talks to a group of reservation agents to acknowledge their contributions to the company'
Olenka [21]

Answer:

leading

Explanation:

The function of management that the CEO is performing in this scenario is known as leading. This function focuses on motivating employees and influencing their behavior to achieve organizational objectives. In this scenario, the CEO of the company is motivating the employees by letting them know that they have been doing a great job and that top management is noticing their efforts which in term will cause them to perform even better with hopes that they will get bonuses or a promotion.

3 0
3 years ago
Carlos is the VP Sales for a consumer electronics company and has recently been reviewing the performance feedback and employee
Oliga [24]

Answer:

Compensation.

Explanation:

According to the information in the question above, it can be said that Carlos is exercising the function of compensation management. His functions are related to the compensation that employees receive for carrying out their work. Compensation managers are also responsible for maintaining the rules of benefits in compliance with management and legality, in addition to developing strategies that assist in retaining and hiring employees and all types of data and information on compensation in the organization.

3 0
2 years ago
Under absorption costing a company had the following per unit costs when 10,000 units were produced. Direct labor $ 2 Direct mat
Rudiy27

Answer: Total product cost per unit if 12,500 units = $13.

Explanation:

Given that,

Direct labor = $2

Direct material = $3

Variable overhead = $4

Total variable cost = $9

Fixed overhead ($50,000/10,000 units) = $5

Total product cost per unit = $14

Fixed Overhead at 12500 units = \frac{50000}{12500} = $4

∴  Total product cost per unit if 12,500 units = Total variable cost per unit + Fixed Overhead at 12500 units

= 9 + 4

= $13

6 0
3 years ago
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