objectives of controls are of primary interest to an auditor performing a financial statement audit--- Accurate and reliable financial reporting.
What are the primary objectives of internal control?
The primary purpose of internal controls is to help safeguard an organization and further its objectives. Internal controls function to minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws.
What are the 5 internal controls in auditing?
There are five interrelated components of an internal control framework: control environment, risk assessment, control activities, information and communication, and monitoring.
Learn more about financing reports:
brainly.com/question/1618296
#SPJ4
Answer: Franchise
Explanation: In simple words, a franchise refers to an arrangement under which one entity allows other entity to use its business models, procedures and intellectual properties etc, in return of any loyalty or other such benefit.
This is a common arrangement nowadays and is usually used by the organisations to operate their business globally.
Hence from the above we can conclude that the correct answer is franchise.
Answer:
$258,000
Explanation:
Data given in the question
Salary paid on annual basis to onsite supervisor = $94,000
Salary paid on annual basis to one salaried estimator = $52,000
Two administrative assistant salaries $56,000 and $40,000
Salary of the president = $162,000
So, by considering the above information, the common fixed expense is
= Administrative salaries for one + administrative salaries for another + president salary
= $56,000 + $40,000 + $162,000
= $258,000
I don't understand? I can't see picture
