In order for a CPA to accept a gift from a client, Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule
<h3>When can a CPA take a gift from a client?</h3>
A Certified Public Accountant (CPA) is someone who has to abide by the highest ethics in the accounting profession so as to protect the integrity of financial statements and the accounting profession in general.
A CPA can therefore not be seen to be influenced by their client in a way that brings bias such that financial statements cannot be trusted. One way this can happen is if the CPA accepts a gift from the client.
To avoid this, the gift accepted must be in line with integrity and objectivity rules that ensure that the independence of the Certified Public Accountant (CPA) is protected.
In conclusion, a Certified Public Accountant (CPA) can accept a gift if Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule
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Answer:
b. Completeness
Explanation:
Cut off tests are designed to ensure that transactions which relate to a particular period are reported in that very period.
Assertions refers to the claims made by the management and it's staff relating to various aspects of the business.
Cut off procedures provide an auditor with evidence against management's assertion of completeness and occurrence of a transaction.
Completeness refers to whether transactions pertaining to a period have been recorded.
Occurrence means that recorded transactions ain't fictitious and have actually happened.
Answer:
The required probability is 0.066807
Explanation:
Given,
σ = 220
μ = 1200
The probability that a random selection of computer which will have the price of at least $1,530 is computed as:
P (X ≥ 1530 ) = 1 - P (X ≤ 1530)
= 1 - P ( X - μ / σ)
= 1 - P ( 1530 - 1200 / 220)
= 1 - P ( z ≤ 1.5)
= 1 - 0.933193
= 0.066807
Note: This 0.933193 value is taken from the z table.
A SWOT analysis looks at both internal and external factors that help or hurt your company's operations.The following four categories of factors are the primary focus of this strategy:Strengths: Your business model's best features and most persuasive selling points
The Greek letter epsilon stands for which of the following: profit cost, error elasticity, or
The quantity decrease proportional to a small price increase is known as the elasticity of demand and is typically denoted by the Greek letter epsilon.The elasticity of demand is one minus the percentage change in total revenue caused by a 1% price change.
In-store displays are one of the most prevalent types of trade sales promotion.The fact that it establishes a personal connection with your potential customers makes this the obvious choice for increasing sales.Displays in stores are a great way to promote a product by making it easy for customers to see and buy it.
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Answer:
Flexibility option
Explanation:
False: It can be used equally for both.
Firms often have an option to vary inputs to the production or change the output from production. Such options are known as flexible production options.\ real option to expand.
