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SVEN [57.7K]
3 years ago
8

After completing an investigation, internal auditing has concluded that an employee has stolen a significant amount of cash rece

ipts. A draft of the proposed communication on this observation should be submitted for review to __________.
A. Legal counsel.B. The board.C. The chief executive officer of the organization.D. The organization's outside auditors.
Business
1 answer:
gtnhenbr [62]3 years ago
6 0

Answer:Option A

Explanation:

Auditing is an independent examination of the financial statement of an audit client to express a true and fair view on the statement examined.

Investigation is a much deeper aspect of auditing that wants to examine a particular aspect of in organization for example theft of cash, insurance claim etc.

The Auditor is only to report to the Board of Directors i.e the Engagement Officer.

The internal auditor must be concerned about the possibility of inclusion of a statement for which the accused employee could use to sue the organization. It becomes imperative for a draft of the proposed final communications on fraud should be submitted to legal counsel for review to prevent further liabilities for the organization.

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Nina, a manager, is considering reducing the workforce to cut down on costs. She realizes that this decision will have a huge im
Pani-rosa [81]

Answer:

The correct answer is: Moral awareness.

Explanation:

Moral awareness refers to the set of actions individuals take driven by values and beliefs that drive them not to only think about themselves but also in the consequences on others. In business, companies need to consider what the impact of their actions is with their surrounding environment and their inner circle -employees.

7 0
3 years ago
Hermano and Rosetta are a retired couple who receive $10,000 in Social Security benefits during the current year. They also rece
Zolol [24]

Answer:

$41,000

Explanation:

Gross income an individual or individuals is the total amount of income that he or they receive from his or their employer(s) before taxes are deducted and other allowable deductions are made.

The gross income is an aggregation of all income from all sources whether the income is received in cash or in kind. That is, part of the income to consider when calculating gross income are income received in kind like property or services received.

From the question, the gross income of Hermano and Rosetta can be calculated by adding all the income they received from all sources before tax are deducted as follows:

Gross Income = Social Security benefits + Interest on savings account + Taxable pension payment

Gross Income = $10,000 + $3,000 + $28,000

                        = $41,000.

Therefore, the gross income of Hermano and Rosetta is $41,000.

5 0
3 years ago
A firm that wanted to enable its employees to use and share data without allowing outsiders to gain access could do so by establ
Taya2010 [7]

A firm that wanted to enable its employees to use and share data without allowing outsiders to gain access could do so by establishing a: intranet

This is further explained below.

<h3>What is an intranet?</h3>

Generally, A company that intended to provide its workers the ability to utilize and exchange data while preventing unauthorized third parties from gaining access to such data may do so by building an intranet.

In conclusion, a private network built using World Wide Web technologies; is a local or limited communications network.

Read more about the intranet

brainly.com/question/19339846

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7 0
2 years ago
why did aig get bailed out while lehman brothers did not? group of answer choices it had a stronger balance sheet lehman brother
GarryVolchara [31]

Because all other big financial corporations would have failed due to the prospect of systemic risk, aig received bailout money while Lehman Brothers did not.

The process of raising money or capital for any form of spending is referred to as finance. It involves directing different sources of funding, such as credit, loans, and investment money, to the businesses that can use them most effectively. The definition of finances according to Finance Box is "The money that people, businesses, or national economies earn and spend." Risk is the potential for bad things to happen, to put it simply. Risk refers to uncertainty on how a certain action will affect or have implications for a human value (such as one's health, well-being, wealth, property, or the environment), frequently focused on unfavourable outcomes.

Learn more about Risk  here

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3 0
1 year ago
Each of two stocks, A and B, is expected to pay a dividend of $7 in the upcoming year. The expected growth rate of dividends is
spin [16.1K]

Answer:

B

Explanation:

Intrinsic value of the stock using the constant growth DDM model = D1 / r - g

D1 = dividend in the following year

r = required return

g = growth rate

Since the growth rate and required rate and growth rate of both stocks are the same, the intrinsic value of both stocks would be equal to :

$7 / 0.12 - .06 = $116.7

5 0
3 years ago
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