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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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What is the quickest and most efficient way of getting your new employees connected to the intranet
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Answer:

Intranet Connectivity:

Explanation:

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The two type of intranet that company acquired is  

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3 years ago
If there is a shortage of loanable funds, then:
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Answer: The correct answer is "d. there will be no shifts of the curves, but the real interest rate rises.".

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3 years ago
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.

Mountain has recorded the following for the past nine months:

January:

Number of Cavities= 375

Total cost= $5,300

February:

Number of Cavities  500

TC= 5,850

March

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TC= 5,200

April

Number of Cavities 600

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May

Number of Cavities 325

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June

Number of Cavities 475

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July

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August

Number of Cavities  575

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September

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A) Variable cost= (Highest activity cost - lowest activity cost) / (Highest activity units - lowest activity units)

Variable cost= (6300 - 5150) / (600 - 325)= 4.18 per unit

Fixed cost= HACost - (variable cost per unit * HAUnits)= 6300 - (4.18*600)= 3792

Fixed cost= LACost - (variable cost per unit* LAUnits)= 5150 - (4.18*325)= 3792

B)  Q= 400

Total cost= 3792 + 4.18*400= $5464

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3 years ago
According to the Ajzen model, the strongest predictor of an employee’s behavior is (are):
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There you go. let me know if this is right

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The recording of business transactions is a basic part of financial reporting and is referred to as:.
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The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>

<h3>What is Bookkeeping?</h3>

Bookkeeping is the process of recording financial transactions.  It entails preparing reference papers for all company transactions, activities, and other occurrences.

The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.

Learn more about Bookkeeping here:

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