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Assoli18 [71]
3 years ago
9

Comment on the statement that "Independence is not easily achieved where an auditor is hired, paid, and fired by the same corpor

ate managers whose activities are the subject of the audit." Can you think of a way around this dilemma?
Business
1 answer:
vampirchik [111]3 years ago
6 0

Answer:

Independence can be achieved by reporting to Board or its Audit Committee.

Explanation:

Independence of an auditor is key element in performance of audits. Reporting to the management whose activities are subject to audit creates threats to the independence of the auditor. As per the code of corporate governance, auditors should be reporting to the Board or its Audit Committee.

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The _____ provides a roadmap to guide the management actions at each stage of the introduction of a new system.
Rus_ich [418]

Answer:

Strategic change management

Explanation:

Every day, companies face changes, such as launching a new product, or restructuring the organization. Strategic change management allows companies to carefully and responsibly make needed changes. Strategic change management is the process of managing change in a structured, thoughtful way in order to meet organizational goals, objectives, and missions. Change is necessary for organizations to continue to thrive and meet and exceed the competition of industry competitors. There are numerous models for managing a change process. Two models that are particularly well-known and useful in understanding strategic change management are John Kotter's Change Model and Kurt Lewin's Change Model.  

5 0
4 years ago
Waupaca Company establishes a $440 petty cash fund on September 9. On September 30, the fund shows $193 in cash along with recei
exis [7]

Answer:

petty cash fund    440 debit

         cash                           440 credit

--stablishment of the fund--

freight-in                           46 debit

postage expenses           78 debit

miscellaneous expenses 111 debit

cash shortage loss            12 debit

                   Cash                               247 credit

--reimbursement of the fund--

petty cash fund      50 debit

                    Cash                     50 credit

--incerase of the fund to 490--

Explanation:

The petty fund will be stablish using cash, so we decrease cash and create the petty fund.

Then, the expenditures will be against cash, so we don't have to use the petty fund account.

Lastly, to increase the fund we take from the cash account the 50 dollars increase.

5 0
4 years ago
Lesa drives her car approximately 18,000 miles per year. During the most recent year, she drove 7,000 miles commuting to and fro
White raven [17]

Answer:

The answer is: 4,500 miles

Explanation:

Lesa can only deduct 4,500 miles as transportation expenses form her taxable income. She could include any other related expenses like parking fees, tolls, etc., that she spent during her business related trips.

The 7,000 miles she drove to and form work are not considered business expenses, since going to work is not an actual part of working. It's like an employee trying to get paid for the time he or she spends in a bus going to work.

3 0
4 years ago
Cost is not paid by the insurance company and are unrecoverable
marysya [2.9K]

Answer:

yes

pls mark brain

Explanation:

7 0
3 years ago
A negative balance of trade is called:
makkiz [27]

Answer:

i dunno

Explanation:

maybe 10

4 0
3 years ago
Read 2 more answers
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