Question

Which term refers to an affiliate relationship between an accounting/auditing firm and its sponsoring organization in China? a. Parent/subsidiary b. Hooking up c. Guanxi d. Principal/Agent

Answer 1

b. Hooking up is the term refers to an affiliate relationship between an accounting/auditing firm and its sponsoring organization in China.

Explanation:

Hooking up is the term refers the affiliate relationship between an accounting/auditing firm and its sponsoring organization.

Auditing Firm is a company which reviews the activities of an organization to identify their inefficiencies and achieve the organizational objectives. Auditing firms can help in investigating the potential theft or fraud and ensure compliance with applicable terms and policies. The reports of the organization can be maintained accurately.

The auditing firm works for their sponsored organization and helps them in achieving their goals.