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Darina [25.2K]
3 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]3 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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A supermarket expects to sell 1000 boxes of sugar in a year. Each box costs $2, and there is a fixed delivery charge of $20 per
Strike441 [17]

Answer:

Order size = 200 units

Number of order  = 5 times

Explanation:

<em>The number of order per year  will be equal to the Annual demand divided by the EOQ.</em>

<em>No of orders = Annual Demand / EOQ</em>

Economic order quantity (EOQ)

The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.

It is computed using he formulae below

EOQ = √(2× Co× D)/Ch

Ch- Carrying cost per unit per annum-  $1

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EOQ =√(2× 20× 1000)/1

        = 200 units

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Number of order = 1000/200 = 5 times

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3 years ago
Which country listed has the highest human development ranking?
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The answers to all 3 questions are:

1. Norway

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Clinton and Trump on fiscal policy In the 2016 Presidential election​ campaign, both Hillary Clinton and Donald Trump committed
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Answer:

Clinton and Trump on fiscal policy In the 2016 Presidential election​ campaign

The policy that will change aggregate demand (AD) the most is a cut in taxes.

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In the management assistance area, the Small Business Administration (SBA) provides all of the following EXCEPT: Group of answer
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