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kumpel [21]
3 years ago
12

Generally accepted auditing standards are Group of answer choices 1. Required procedures to be used to gather evidence to suppor

t financial statements. 2. Policies and procedures designed to provide reasonable assurance that the CPA firm and its personnel comply with professional standards. 3. Pronouncements issued by the Auditing Standards Board. 4. Rules acknowledged by the accounting profession because of their universal application.
Business
1 answer:
IRISSAK [1]3 years ago
5 0

Answer:

"1"

Explanation:

Generally accepted auditing standards are established rules and procedures guiding the conduct of an accountant during the audit of the financial statements of an organization.

It helps to confirm the quality of audit reviews conducted and reports generated by the auditor.

It covers field work , general standards and reporting.

It requires the auditor to have technical training and skills , due professional care and be objective in his engagements as an auditor.

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AURORKA [14]
So you know if the vehicle is drivable or not and also so you know what you are getting into when you inspect the car or truck

5 0
4 years ago
There are many account representatives who can help you with your order is an example of a cliche.
kenny6666 [7]

The statement"There are many account representatives who can help you with your order is an example of a cliche." is FALSE.  This is further explained below.

<h3>What are account representatives?</h3>

Generally, A professional who typically works on teams that are responsible for providing customer support and creating relationships is known as an Account Representative. They bring in revenue through establishing new customer connections and fostering those that are already in existence. They collaborate with clients on an as-needed basis throughout each step of the development process.

In conclusion, The convenience factor is one of the many benefits that listeners may get from podcasting as a form of advertising.

Read more about account representatives

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6 0
2 years ago
The internet service provider industry in the country of Megalopolis is an industry characterized bythe presence of strong netwo
soldier1979 [14.2K]

Answer:

The correct answer is letter "B": threat of new entrants is most likely low.

Explanation:

According to American Harvard professor Michael Porter (born in 1947), the Five Forces determine the competition in a market: <em>competition in the industry, the threat of new entrants into the market, bargaining power of suppliers, bargaining power of customers, </em>and <em>the threat of substitutes</em>.  

The threat of new entrants is stronger if the product of a given market is undifferentiated and does not offer any competitive advantage for consumers. Besides, the less established a company is, the more likely new entrants will appear with the intention of taking over the market.

Therefore,<em> if the internet service provider of Megalopolis has high brand loyalty, economies of scale, and proprietary technology it implies the firm offers differential advantages to its clients and that the firm is well-established. New entrants' threat is low under these circumstances.</em>

5 0
3 years ago
Travis bought a share of stock for $31.50, the stock paid a dividend of $0.85, and Travis sold it six months later for $27.65. W
Luden [163]

Answer:

Dollar profit loss = $3

Holding period return = negative 9%

Explanation:

In order to find the dollar profit or loss return we will add the dividend and selling price because that the dividend plus the selling price is the cash that Travis receives or the positive cash and we will subtract the buying price from it because it is the negative cash flow. So we will add all the positive cash flows and subtract negative cash flow from it in order to find the dollar profit loss or return.

Selling price = 27.65

Dividend = 0.85

Selling price + Dividend= 28.5

Selling price = 31.50

Dollar profit loss or return = 28.50-31.5=-3

Loss= $3

In order to find the holding period return we will divide add the dividend and selling price , subtract buying price from it and then divide it by buying price.

(27.65+0.85-31.5)/31.5= -0.09 = -9%

Holding period return = negative 9%

5 0
3 years ago
Which of the concepts below is a characteristic of a Veblen good?
Aleonysh [2.5K]

Answer:

The answer is B I think

Explanation:

3 0
3 years ago
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