Answer:
The correct answer is letter "A": Standards of field work.
Explanation:
The Generally Accepted Auditing Standards or GAAS are the rules auditors follow when analyzing the financial statements of a company. The GAAS has three (3) main categories: <em>general standards, standards of fieldwork, </em>and <em>standards of reporting</em>. The body in charge of reviewing the GASS is the Auditing Standards Board (ASB).
Answer:
16.71%
Explanation:
The computation of the bank reserve ratio is shown below:
= Cash reserves ÷ total deposits × 100
where,
Cash reserve is $10,000
And, the total deposits would be
= Checking deposits + saving deposits
= $20,000 + $40,000
= $60,000
Now put these values to the above formula
So, the ratio would equal to
= $10,000 ÷ $60,000 × 100
Answer:
However, the economy has been characterised by a structural shift in output over the past four decades.
Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.
Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, retail, financial services, communications, mining, agriculture and tourism.
Explanation:
South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.
