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Katyanochek1 [597]
3 years ago
14

Which of the following is a correct statement regarding the nature and timing of communications between an accounting firm perfo

rming an initial audit of an issuer and the issuer's audit committee?
A. Prior to accepting the engagement, the firm must orally affirm its independence to the audit committee with all members present.
B. The firm must address all independence impairment issues on the date of the audit opinion.
C. Communications related to independence may occur in any form prior to issuance of the financial statements.
D. Prior to accepting the engagement, the firm should describe in writing all relationships that, as of the date of the communication, may reasonably be thought to bear on independence.
Business
1 answer:
tino4ka555 [31]3 years ago
8 0

Answer: <u><em>Option (A) is correct</em></u>

Explanation:

In accordance with the complexion and state of communications in betwixt an accounting firm evaluating an initial audit of an individual and the individual's audit committee, option (A) is the most suitable one.

i.e. Preceding to acceptance of the commitment, the organization should characterize in writing accord that, as of current time period of communication, may judiciously be apprehended to take on independence.

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<span>A situation in which quantity demanded is greater than quantity supplied best describes shortage. Shortage is when any product or service lacks the means to provide or satisfy its demand. A shortage in the product or service usually results to a price increase. On the other hand, a surplus results to a price decrease.</span>
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In the for-profit business world, decisions to spend money must pass a "cost versus benefit" test, but for nonprofit arts organi
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The cost versus benefit test will not act as a good factor to measure tangible achievement.      

Explanation:

Most of the Non-profit organization has a focus on welfare activities. The benefits can be influenced only by the subjective fulfillment of benefits. Executive members of all trusts are not able to calculate the benefits attained through welfare operations. Such a parameter system of identifying the beneficiaries' prospects of end-users is known as Intangible achievement.

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3 years ago
The time required for an automotive center to complete an oil change service on an automobile approximately follows a normal​ di
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Let X be the time or period needed for an automobile center to finish an oil change.

X ∼ N (17, 2.5) 

a) 

P(X ≥ 20) = P((X - 17)/5 ≥ (20- 17)/2.5) = P(Z ≥ 1.2) = .1151 *100 = 11.51% is the answer

b) 
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P (X - 17)/2.5 ≥ (x - 17)/2.5) = 0.07

P (Z ≥ z) = 0.07
look at the z table, 0.07 lies between 1.47 and 1.48, add and then divide you'll get:z = 1.475

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Answer:

Business Plan

Explanation:

I hope this is one of the choices!!

3 0
3 years ago
A company used straight-line depreciation for an item of equipment that cost $15,350, had a salvage value of $3,200 and a six-ye
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Answer:

The correct answer is $2,580.

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($15,350 - $3,200) / 6 years = $2,025 yearly depreciation expense.

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