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
Assoli18 [71]
2 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]2 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.

You might be interested in
The company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space c
WITCHER [35]

Based on the cost to produce each unit of the switches and the annual demand, the total costs will be $25,900 more than the cost of purchasing the switches.

<h3>What is the cost of producing the switches?</h3>

This can be found as:

= Variable cost + set up costs + supervisor's salary + opportunity cost of lost rent

= ( (6 + 5 + 4) x 5,000 units) + 45,500 + 41,000 + (3,700 x 12 months)

= $205,900

If they bought the switches at $36, they would cost:

= 36 x 5,000

= $180,000

Its cheaper to buy by:

= 205,900 - 180,000

= $25,900

Find out more on total costs computation at brainly.com/question/5168855.

#SPJ1

7 0
1 year ago
Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or Rate Direct ma
telo118 [61]

Answer:

Direct material quantity variance= $6,300 unfavorable

Explanation:

Giving the following information:

Direct materials 2 grams $7.00 per gram

The company produced 4,600 units in January using 10,100 grams of direct material.

<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (2*4,600 - 10,100)*7

Direct material quantity variance= $6,300 unfavorable

5 0
2 years ago
Are cities around the world doing a disservice to their citizens or their visitors, or both, by banning uber outright from opera
Ne4ueva [31]

Answer:

In my opinion they can be a big problem because if you can not use the uber in some community it's useless but they are banning ubers because the taxis business are loosing money and the uber is replacing the taxi business.

There is an own opinion question, so try to answer by yourself

4 0
3 years ago
Which of the following statements comparing debit cards to credit cards is TRUE?
djverab [1.8K]
Using a credit card is like borrowing money, while debit cards let you draw directly from your bank account
8 0
2 years ago
Read 2 more answers
25 points and brianly
horsena [70]

Answer:

Sentence 3

Explanation:

5 0
2 years ago
Read 2 more answers
Other questions:
  • Consider a two-firm oligopoly facing a market inverse demand curve of P = 100 – 2(q1 + q2), where q1 is the output of Firm 1 and
    14·1 answer
  • Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good,
    6·1 answer
  • Layla Company began making mascara in November 2018 using a single-step process. Layla incurred $42,000 for materials and $48,64
    15·1 answer
  • Treetopplers, a U.S. lumber company, produces wood at a plant in Oregon on September 13, 2017. It sells the wood to Buildit and
    5·1 answer
  • Kelly Addison is a designer clothing buyer for a chain of department stores. She has gone through several negotiation certificat
    6·1 answer
  • Seeking positions of power and responsibility, chandra has rapidly moved up the ranks within her organization. colleagues descri
    14·1 answer
  • According to ______, market participants immediately change their actions in response to anticipated price-level changes, such t
    14·1 answer
  • The aggregate demand curve is negatively sloped due to: a the elasticity effect of an aggregate price level change b the fiscal
    5·1 answer
  • Give at least five (5) names of entrepreneurs that you know, may it be from your locality or within the Philippines. Identify wh
    9·1 answer
  • A new pair of sneakers costs $70 now. what is the cost of the shoes 5 years from now if the price increases 8% per year?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!