1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bingel [31]
3 years ago
11

Firms subject to the reporting requirements of the Securities Exchange Act of 1934 are required by the Foreign Corrupt Practices

Act of 1977 to maintain satisfactory internal control. Moreover, the Sarbanes-Oxley Act of 2002 requires that annual reports include (1) a statement of management’s responsibility for establishing and maintaining adequate internal control and procedures for financial reporting and (2) management’s assessment of their effectiveness. The role of the registered auditor in this process is to:
A.Express an opinion on the effectiveness of internal contrfinancial reporting.
B.Express an opinion on whether the client is subject to thExchange Act of 1934.
C.Disclaim an opinion on the assessment of controls.
D.Report clients with unsatisfactory internal control to the
Business
1 answer:
erik [133]3 years ago
4 0

Answer:

C) Disclaim an opinion on the assessment of controls.

Explanation:

According to PCAOB AS 2201, the registered auditor must disclaim an opinion on the effectiveness of internal controls used by the corporation. The auditor must also determine whether management's reports are complete and properly presented.  In a final report, the auditor must give the reasons for his/her determinations.

You might be interested in
On September 1, Sky Mountain Co. borrowed $54,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjust
REY [17]

Answer:

Sky Mountain's adjusting entry four months later at December 31 would include:

Debit Interest expense $1,080

Credit  Interest Payable $1,080

Explanation:

Sky Mountain Co. borrowed $54,000 on a 6% note payable to Coast National Bank.

The amount of interest for 1 year = $54,000 x 6% = $3,240

The amount of interest for 1 month = $3,240/12 = $270

From September 1 to December 31, in Sky Mountain Co.

The amount of interest expense =  $270 x 4 = $1,080

Sky Mountain's adjusting entry at December 31:

Debit Interest expense $1,080

Credit  Interest Payable $1,080

6 0
4 years ago
F7 Balikan
Goshia [24]

Answer:

1. Ang mga mamamayan ay maaaring lumahok sa kalahok na demokratikong gobyerno sa pamamagitan ng dalawang paraan pangunahin

a) Sa pamamagitan ng pagboto kung saan pipiliin nila ang kanilang kandidato

b) Sa pamamagitan ng paglapit sa mga nahalal na kandidato na may mga mungkahi

2. Sa aking Barangay, ang mga mamamayan ay aktibong lumahok sa pagboto

3. Ang promosyon ng pakikilahok ng mamamayan ay lalong nagpatibay ng kumpiyansa ng mga tao sa kanilang napiling kandidato dahil nais ng kandidato na aktibong lumahok sila.

Explanation:

1. Ang mga mamamayan ay maaaring lumahok sa kalahok na demokratikong gobyerno sa pamamagitan ng dalawang paraan pangunahin

a) Sa pamamagitan ng pagboto kung saan pipiliin nila ang kanilang kandidato

b) Sa pamamagitan ng paglapit sa mga nahalal na kandidato na may mga mungkahi

2. Sa aking Barangay, ang mga mamamayan ay aktibong lumahok sa pagboto

3. Ang promosyon ng pakikilahok ng mamamayan ay lalong nagpatibay ng kumpiyansa ng mga tao sa kanilang napiling kandidato dahil nais ng kandidato na aktibong lumahok sila.

8 0
3 years ago
Please help me out with my question
telo118 [61]

Answer:

B. $8293.75  

Step-by-step explanation:

<em>On first $9 225:</em>

Tax =     $9225 × 0.10 = $  922.50

<em>On next $28 225: </em>

Tax = $28 225 × 0.15 =   4233.75

<em>On last $12 550</em>:

Tax = <u>$12 550</u> × 0.25 = <u>  3137.50 </u>

        $50 000             $8293.75

This isn't exactly the same as on your answer key.


4 0
3 years ago
Read 2 more answers
If the market index subsequently rises by 8% and Ford’s stock price rises by 7%, what is the abnormal change in Ford’s stock pri
Margarita [4]

Answer:

-1.9%.

Explanation:

The computation of the abnormal change in the stock price of ford should be given below:

Given that

The return on the market is 8%.

So, the forecast monthly return for Ford is

= 0.10% + (1.1 × 8%)

= 8.9%.

And, the Ford’s actual return was 7%,

So,

the abnormal return be

= 7% - 8.9%

= -1.9%.

3 0
3 years ago
At the time of Mary Kay’s expansion into the Indian market, the average income in Delhi was $1,420 and in Mumbai it was $2,850 (
Ksju [112]

Answer:

Economic forces.

Explanation:

External trends and events significantly affect all products, services, markets and organization in the world.

External forces can be divided into five broad categories.

-Economic forces.

-Social, cultural, demographic and environmental forces.

-Political, governmental, and legal forces.

-Technological forces.

-Competitive forces.

The economic forces have a direct impact on the potencial attractiveness of various strategies. For example, if interest rates rice, the found needed for capital expansion become more costly or unavailable.

7 0
3 years ago
Other questions:
  • Zappos employees are "driven" to participate in charitable activities and feel that giving back to the community is something th
    15·1 answer
  • Barbara's Bakery purchased appliances (7 year property) in quarter 4 of Year 1. The original cost of the appliances was $40,000
    11·1 answer
  • The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,460,000, and the December 31, 2016, balance sh
    13·1 answer
  • In order to achieve equality of opportunity within its organization, Clarkson Company has taken steps such as active recruitment
    8·1 answer
  • The next dividend payment by ZYX, Inc., will be $2.95 per share. The dividends are anticipated to maintain a 4 percent growth ra
    5·1 answer
  • Bruce is a single father with 1 child. He can work as a bagger at the local grocery store for $6 per hour up to 1,200 hours per
    8·1 answer
  • What are the three choices that profit-maximizing firms have to make?
    9·1 answer
  • Why Estonia is so highly technologically advanced country?​
    9·1 answer
  • the document that states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentatio
    12·1 answer
  • Select all the correct answers. Which two sentences describe the characteristics of a corporation? The company is treated as a s
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!