In order to preserve independence, Michael must "Remove himself from the engagement as he considers the offer." (Option B). It is to be noted that this is an internal control problem.
<h3>
What is Independence in this case?</h3>
The absence of situations that jeopardize the internal audit activity's capacity to carry out internal audit tasks objectively is called Independence.
Practically, independence is achieved by ensuring that the internal audit activity has no management control for any of the organization's non-audit functions that are subject to internal audit assessments, and by distancing the internal audit activity's management from the functional oversight of the organization's senior management.
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Full Question:
Michael was on the ABC Accounting Firm's audit team for the Rasmussen Corporation audit. Rasmussen's officers were so impressed with Michael that they offered him a job as Director of Internal Audit at Rasmussen. What should Michael do in order to preserve independence?
A) Tell his superiors as soon as he has decided whether or not to accept the offer.
B) Remove himself from the engagement as he considers the offer.
C) Pray for divine guidance.
D) If he decides to reject the offer, remove himself permanently from the engagement.
You could be a coach of some sort or you could try to be a profesinal athlete or you could be a triner
Answer:
True
Explanation:
False was Incorrect on Edg so then theres only one answer left.
Graduates who majored in health sciences have<span> many </span>career<span> options from which to choose. Potential areas of </span>employment<span> for graduates include marketing, management, and education. Some of the </span>career options may include medical laboratory technician, physical therapist, and diagnostic medical technologist.
Hope this helps!
Answer:
According to _____________, as an entity separate and distinct from its owners, the corporation acts under its own name rather than in the name of its stockholders.
C) Separate legal existence
Explanation:
This separate legal existence means that before the law, a corporation is a distinct person, just like every other person, with rights and obligations. It can enter into binding contracts. It can perform business activities within the ambits of the law. It has its own name and personality that is not intertwined with those of the owners or stockholders. It enjoys a continuous lifespan that can only be liquidated under the laws.
