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mylen [45]
3 years ago
6

Lauren hires Humphrey, a CPA, to audit her financial statements. The engagement letter includes a statement acknowledging that a

udited financial statements are needed for a filing with a regulatory body. Humphrey completes the audit and issues an unqualified opinion. Based on the audited financial statements, Key Largo Bank approves a loan to Lauren. Four months later, Lauren files for bankruptcy. Key Largo Bank would most likely sue Humphrey claiming:
Business
1 answer:
uysha [10]3 years ago
7 0

Answer:

it was a foreseen party

Explanation:

Key Largo bank would most likely sue Humphrey on the ground that it was a foreseen party. This is because Humphrey(CPA) being an auditor, knew that the audited financial statements are required for a filing with the regulatory body. Moreover, the auditing firm- Humphrey knew about the specific purpose of the audit report including the fact that his or her opinion(report) will will relied upon by other parties hence a foreseen third party for the auditor.

Based on the aforementioned, Key Largo Bank can sue Humphrey because he is aware of the intended purpose of the audit report.

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Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists have reached a modern consensu
ser-zykov [4K]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
3 years ago
Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectatio
Trava [24]

Answer:

B. Real wages for university employees will rise.

Explanation:

Increase in income is @ 5%, and that the actual inflation is only 4% that is less than the increase in income. Accordingly, the company is paying more to the employees, and accordingly their wages have increased.

The amount of money available in real terms is more than the actual money, held by the employees earlier.

This is all because the actual increase in inflation rate is less than the increase in salary of employees.

8 0
3 years ago
Please ask a question of 50 points​
MrRa [10]

my question is why do we need to do it  i know you asked nicely but i just wanna know

3 0
3 years ago
Read 2 more answers
My answer b am I right
pychu [463]
Yes, you are correct :)
5 0
3 years ago
A point M on a segment with endpoints (-1, 1) and ( 7, 7) partitions the segment in a 3:5 ratio. Find M. You must show all work
HACTEHA [7]

The coordinates of point M after the partition is (2, 3.25).

<h3>What are coordinates and how to determine coordinates?</h3>
  • A coordinate system in geometry is a system that uses one or more integers, or coordinates, to define the position of points or other geometric components on a manifold such as Euclidean space.

We have:

  • Endpoints = (-1,1) and (7,7)
  • Ratio, m : n = 3 : 5

The coordinates of point M is then calculated using:

M=\frac{1}{m+n} *(mx_{2}+nx_{1} , my_{2} +ny_{1} )

So, we have:

M=\frac{1}{3+5} * (3*7+5*-1,3*7+5*1)

Evaluate the sum and the product:

M=\frac{1}{8} *(16,26)

Evaluate the product:

M=(2,3.25)

The coordinates of point M is (2, 3.25)

Therefore, the coordinates of point M after the partition is (2, 3.25).

Know more about coordinates here:

brainly.com/question/17206319

#SPJ4

4 0
2 years ago
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