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Darina [25.2K]
4 years ago
14

Auditing standards don't specifically discuss the audit procedures that should be applied to a client's pension-related financia

l statement amounts. Identify five audit procedures that would be relevant to those items. For each audit procedure that you list, identify the related audit objective.
Business
1 answer:
Irina-Kira [14]4 years ago
4 0

Answer:

Explanation:

(a). Audit Procedure (b) . Audit Objective

1.a Take note of trading/order paperwork with the pension (b). Existence of investment/accounts.

2a. Movement of funds within accounts. (b. Examine plan document for investment objectives

3a.make sure that investments agree with plan objectives and allowed risk level (b. Take note of current investment holdings

4a. Make sure that funds are held at updated market fair value(mark to market) (b. Take note of contracts, meeting minutes etc. Confirm that purchases/sales have been approved and falls into plan polices

5a. Extra examination of any significant plan holdings (b. Verify existence and appropriate value . This is important if the plan invest in non-public assets , example is assets are private, equity.

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Lostsunrise [7]

When ending share price is $98, capital gain yield is 12.64% and dividend yield is 2.47%. Percentage total return is 15.11%. When ending share price is $78, percentage price return is  -7.87%.

<h3>What is the percentage total return?</h3>

The price return on a stock has two components; the price appreciation and the dividend yield.

Percentage price return = price appreciation + dividend yield

Price appreciation = (price in on year - initial price) / initial price

Dividend yield = dividend / initial price

Percentage price return when ending share price is $98:

Capital gain yield = [(98 /87) - 1 ] = 12.64%

Dividend yield = (2.15/87) = 2.47%

Percentage price return when ending share price is $78:

Capital gain yield = [(78/87)  - 1] = -10.34%

Dividend yield = (2.15/87) =2.47%

Percentage price return = -7.87%

To learn more about dividend yield, please check: brainly.com/question/27342287

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3 0
2 years ago
Nathan is a sales rep who, based on last year, averaged $2,200 of monthly commission before taxes. He should include
Ray Of Light [21]

False, Nathan should not include this in his budget.

When budgeting, there are several things that one should include such as:

  • net income
  • debt repayments
  • food
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  • insurance
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Notice how one should include their net income not their gross income. Net income is what comes after tax and this is the disposable income that a person has and can spend from.

In conclusion, Nathan should only include his net income and as this commission is before taxes, he should not include it.

<em>Find out more at brainly.com/question/17474938.</em>

7 0
3 years ago
Companies use esg integration to create new forms of
jek_recluse [69]

Answer:

(Hope this helps can I pls have brainlist (crown)☺️)

Explanation:

Environmental, Social, and Governance (ESG) is an acronym that stands for Environmental, Social, and Governance. These non-financial aspects are increasingly being used by investors in their analytical process to identify major dangers and growth prospects.

The goal of this research is to use ESG integration to produce new types of competitive advantage, not only ESG ratings. It can't be left exclusively to the investor relations team or the sustainability department since it includes key strategic and operational decisions.

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2 years ago
Suppose every Buick owner's demand for gasoline is 20 - 5 p for p less than or equal to 4 and 0 for p &gt; 4. Every Dodge owner'
mario62 [17]
I think the answer is b
4 0
3 years ago
Imagine that in the current year the economy is in long-run equilibrium. Then the federal government reduces its purchases of go
stealth61 [152]

Answer:

The expected price level falls., new wage contracts will be negotiated at a lower wage in the market.

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Therefore, the correct option is c

And, the same would be relevant

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