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VARVARA [1.3K]
3 years ago
9

Which of the following statements is false regarding the risk assessment component of internal control? a. Risk assessment inclu

des assessing fraud risk. b. Risk assessment includes assessing internal and external sources of risk. c. Risk assessment includes the identification and analysis of significant changes. d. Economic changes would not be considered a risk that needs to be analyzed as part of the risk assessment process.
Business
1 answer:
natali 33 [55]3 years ago
7 0

Answer:

Economic changes would not be considered a risk that needs to be analyzed as part of the risk assessment process.

Explanation:

Risk assessment is the process of identifying events that could potentially cause harm, to an individual, business or the environment and analysing them to get an acceptable tolerance level.

Risk assessment determines the likelihood of an event happening, it's impact, and tolerability the entity can take.

The environment is a major consideration of risk assessment, as risk is always inherent as business interacts with its environment.

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Judy served as director of marketing for a Florida homebuilder. She was terminated within an initial 90-day assessment review pe
algol13

Answer and Explanation:

a.

According to the United States law that governs whistle blower protection, the whistle blowers could be protected from expected retaliation that can be from a team or an individual for company violation in terms of laws, rules, etc

Also it protects the permanent employees and the workers who work on temporary basis that report the major mistakes

So here the Judy would be eligible for the whistleblower protection

b.

The factors that need to be considered are as follows;

1. The actions that breaks the rules of the company

2. The reason of firing Jude after getting the offer of new employment

3. The action i.e. subduing due to which Jude become speechless in the exit interview

Only these three factors are need to be considered

6 0
3 years ago
The practice of allowing employees to set varying hours depending upon their personal needs is referred to as ________.
mr Goodwill [35]

<span>Flexible working arrangement is a practice that allows employees to set varying working hours depending on their personal needs. This modern approach in the workplace enables employees to maximize their time both in and out of the office. It permits employees to have a work-life balance. Employees are now able to spend more quality time with their family and friends while being reinvigorated to work effectively.</span>

7 0
3 years ago
The objective of the company that manufactures liqueur is to grow its international business. To determine its success, it compa
mote1985 [20]

Answer:

Standard.

Explanation:

In the context above, it can be seen that the 1988 was been provided to be a standard for growth and high export year against all other years. Therefore, in a bid to improve its manufacture growth, different things are expected to change back or better than the model or steps that are been used. Objectives to determine a huge success in the current project is seen to be in a cue with that of the year discussed above.

6 0
3 years ago
____________ contract for the sale of goods in which the seller is required or authorized to ship the goods by carrier and tende
Helen [10]

Answer: Destination Contract.

Explanation:

Destination Contract is a contract for the sale of goods, in which the seller is required or authorized to ship the goods by carrier and tender delivery of the goods at a particular destination.

The seller assumes liability for any losses or damage to the goods until they are tendered at the destination specified in the contract.

The seller bears the risk of loss until he completes his delivery requirements as stated under the destination contract. If the goods are destroyed or damaged while in transit to buyer, the seller bears the loss.

After the delivery company has delivered the goods at the buyer’s location, then the seller is no longer liable for any damages after that.

5 0
3 years ago
Equipment was purchased for $17,000. Freight charges amounted to $700 and there was a cost of $2,000 for building a foundation a
ZanzabumX [31]

Answer:

Depreciation expense= $3,340

Explanation:

According to International Accounting standards (IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.

Cost = 17,000 + 700 + 2,000= 16700

Depreciation expense per year = Cost - salvage value /Number of year                                

Depreciation = (16,700 - 3000)/5 =3340

Depreciation expense= $3,340

4 0
3 years ago
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