1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
astraxan [27]
4 years ago
6

Usually, the decision to notify parties outside the client’s organization regarding noncompliance with laws and regulations is t

he responsibility of the
Business
1 answer:
Daniel [21]4 years ago
6 0

Answer:

Management

Explanation:

Sometimes in the course of discharging his duties, an auditor might discover a case of non-compliance with laws and regulations. In such situations, he is expected to report the issue to the governing body or management of the organization who in turn notify parties outside the client's organization. This might imply reporting to the appropriate law enforcement agencies who now investigate the matter.

The auditor should ensure that he is keeping to the code of confidentiality before proceeding on such a case. The management is expected to review the report to determine if the action was indeed non-compliant with the laws before proceeding on the next call of action.

You might be interested in
Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous c
Katarina [22]
A invisible hand is the answer.
3 0
3 years ago
Read 2 more answers
The annual depreciation taken on a vehicle totals $4,700. The vehicle has been in service for two full years and the adjusting e
maria [59]

Answer:

Depreciation Expense account is $4,700

Balance in the Accumulated Depreciation account is $9,400

Explanation:

Depreciation is used to determine how a value of a fixed asset decreases with time due to usage. Examples of assets that can be depreciated include equipment, buildings, vehicles and machinery. If the annual depreciation in this case is $4,700, at the end of the second year, depreciation expense would be $4,700. however, accumulated depreciation would be (4700 +4700) totaling to $9,400

4 0
3 years ago
You have $5,400 to deposit. If you deposit the money in a savings account at your local bank, you will earn 1.49% annual interes
likoan [24]
$5,400 × 0.0149 = $80.46
$5,400 × 0.0444 = $239.76

$239.76 − $80.46 = $159.30

$159.30 / ($5/withdrawal) = 31.86 withdrawals

Answer: a. 32
3 0
3 years ago
a company is selling used office quipment for $12000 they purchased it 2 years ago for $50000 what is the gain or loss on the sa
Debora [2.8K]

Answer:

( B ) -$18,000

Explanation:

Calculation for the gain or loss on the sale

First step is to calculate for the depreciation of equipment

Depreciation of equipment = ($50,000 - 0) / 5

Depreciation of equipment= $10,00 per year

Second step is to find the value of the asset after 2 years

Value of asset after two year = $50,000 - $20,000

Value of asset after two year Value= $30,000

Third step is to calculate the loss on the selling asset

Loss on selling asset = $12,000 - $30,000

Loss on selling asset =- $18,000

Therefore the loss on the sale will be - $18,000

7 0
3 years ago
Inflation affects the real value of future dollars and can therefore make signing long-term wage and loan agreements seem risky.
Archy [21]

Answer:

future price uncertainty

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect

Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.

Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.

6 0
3 years ago
Other questions:
  • What two task does a public affairs officer do?
    10·1 answer
  • In california there are ____ forms of financial responsibility.
    10·1 answer
  • More magazine is a publication designed to appeal to women aged 40 and over. demand for such magazines is an example of how chan
    11·2 answers
  • You are in charge of advertising for a golf course in the southwest. the owner of the course is convinced that once-a-week adver
    11·1 answer
  • During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of
    15·1 answer
  • Hurlburt Corporation renewed an insurance policy for 3 years beginning July 1 and recorded the $81,000 premium in the prepaid in
    11·1 answer
  • How much money does a teacher make
    10·1 answer
  • Analysts who follow Howe Industries recently noted that, relative to the previous year, the company's net cash provided from ope
    11·2 answers
  • Vocational education is one path to a career
    15·1 answer
  • What's the key difference between term life insurance and straight-life insurance?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!