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
Rudiy27
3 years ago
10

The main goal of auditing internal control is Group of answer choices To allow the auditor to fix any internal control deficienc

ies. To form an opinion on the ability of internal controls to prevent fraud. To assure management that internal control is preventing all material misstatements on the financial statements. To evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.
Business
1 answer:
mafiozo [28]3 years ago
6 0

Answer:

To evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

Explanation:

In Accounting, an internal control is a mechanism, procedure, rule or policy designed by management to secure assets, promote efficiency, ensure accountability and prevent fraudulent behavior in an organization.

The main goal of auditing internal control is to evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

You might be interested in
Which of the following perspectives is least useful for evaluating solutions?
Mariana [72]
Where is the list of perspectives to choose from?
4 0
3 years ago
Read 2 more answers
In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of
anygoal [31]

Answer:

a.when a corporation owns more than 50% of the common stock of another company

Explanation:

Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.

Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.

If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.

5 0
3 years ago
Calculate the present value of annual payments of $3,000 per year for ten years at 8%.
AlexFokin [52]
Annual payments is $240
6 0
3 years ago
Read 2 more answers
How do occupancy rate and potential gross rate relate​
Setler79 [48]

Explanation:

Occupancy rate is the ratio of rented or used space to the total amount of available space.

The potential gross rate is the total rental income a property can produce if all units were fully leased and rented at market rents with a zero vacancy rate.

They relate through that they both allow for renting?

3 0
2 years ago
your organization entered into an interoperability agreement (ia) with another organization a year ago. as a part of this agreem
Nadusha1986 [10]

The term "Interoperability Agreement" refers to a contract between MDTA and one or more other toll account providers that outlines the protocols and arrangements

under which the parties agree to pay each other for all toll transactions that comply with the agreement's requirements for transmission, debiting, and payment and that must be included in the current payment cycle. Both the IAG and regional interoperability agreements are part of these accords.The Metropolitan Clearing Corporation of India Ltd. (MCCIL), Metropolitan Stock Exchange of India Limited (MSE), NSE Clearing Limited (NCL), National Stock Exchange of India Limited (NSE), Indian Clearing Corporation Limited (ICCL),

learn more about interoperability agreements  here:

brainly.com/question/20738512

#SPJ4

8 0
1 year ago
Other questions:
  • The database of Aster Corp. was hacked and confidential data was leaked to its competitors. This resulted in a huge financial lo
    14·1 answer
  • Brittney is interested in the relationship between caloric intake and emotional arousal. She creates a carefully measured array
    11·1 answer
  • Long-term creditors are usually most interested in evaluating __________
    11·1 answer
  • As learning and trade progressed, the medieval structure began to break down.
    5·1 answer
  • Capital structures vary among firms in the United States and around the world. Relationships, attitudes, tax codes, and accounti
    9·1 answer
  • Explain how each of the following changes the money supply. a. the Fed buys bonds b. the Fed auctions credit c. the Fed raises t
    15·1 answer
  • When the issuer proposes to call bonds at the call price plus the interest payments that were not received which are inflation a
    10·1 answer
  • Apart from the extent of the re-engineering, the principal factors that affect re-engineering costs are: The quality of the soft
    10·1 answer
  • A manager’s position in the organization, ability to give out rewards, and other factors give the manager ____________, which is
    12·1 answer
  • Using ________, measurements such as testing assumptions about the business, attributes the customers like, and retention rates
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!