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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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3 years ago
In three years, when he is discharged from the Air Force, Steve wants to buy an 8,000 power boat.
eduard

Steve will get $11360 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 14%

principal + interest = $8000

Time = 3 years

Simple interest

=\frac{8000 \times 3 \times 14}{100}\\=3360

Now principal + interest = 8000+3360 = 11360

Therefore, Steve will get $11360.

To learn more about simple interest from the given link

brainly.com/question/25793394

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4 0
2 years ago
Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa
lisabon 2012 [21]

Answer:

Probably not, because Alyssa made a mistake about the dog's value, not a mistake about material fact.

Explanation:

When Sierra offered to sell the dog to Allysa, Allysa failed to discuss the ancestry of the puppy. She wrongly believed the dog came from a line of champions.

On finding out the dog is only worth $200, she will not be able to rescind the contract because the onus to ask all relevant questions about the purchase before accepting is on her.

She made the mistake of assuming the dog was worth $800. She made a mistake about the dog's value and not the material fact.

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3 years ago
Read 2 more answers
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Because it does that so you will need ramen noodles and chalk to draw grass to chickens can grow in the sky.
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What is a question that should be asked about accounts payable when forecasting?
charle [14.2K]

Answer:

In forecasting accounts payable, one of the relevant questions is:

What is the cash conversion cycle?

Explanation:

The variables used in computing the cash conversion cycle include accounts receivable days, inventory turnover days, and accounts payable days.  Specifically, cash conversion cycle (CCC) is the period in days that it takes the firm to convert cash into inventory, then into sales, and finally back into cash.  To gain a good understanding of accounts payable, one should always consider the major inclusive metric.

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3 years ago
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