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Sunny_sXe [5.5K]
3 years ago
8

When assessing fraud risk,

Business
1 answer:
PilotLPTM [1.2K]3 years ago
8 0

Answer:

The correct answer is B. the auditor's assessment of fraud risk should be ongoing throughout the audit.

Explanation:

As a consequence of the constant corporate scandals linked to corruption as well as the emergence of new regulations worldwide, many executives recognize that the risk of fraud and irregular behaviors inevitably integrates their agendas, and they are fully aware of the need to create specific measures aimed at its timely and effective management. At KPMG we assist you in your continuous effort to prevent, detect and respond to these risks, through the design, implementation and evaluation of anti-fraud programs and controls.

Effective fraud risk management gives organizations the tools to manage risk in accordance with regulatory requirements, as well as with the needs of the business, the organization and market expectations.

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A company's beginning Work in Process inventory consisted of 20,000 units that were 80% complete with respect to direct labor. A
zloy xaker [14]

Answer:

Total number of equivalent units= 100,000

Explanation:

Giving the following information:

A total of 90,000 were finished during the period and 25,000 remaining in Work in Process inventory were 40% complete with respect to direct labor at the end of the period.

Weighted-average method:

Units completed= 90,000

Ending inventory= 25,000*0.4= 10,000

Total number of equivalent units= 100,000

3 0
4 years ago
You are working for a company that is considering investing in a foreign country. Investing in countries with different traditio
DaniilM [7]

Answer:

The Foreign Direct Investment Confidence Index is a measurement of the level of confidence that top executives such as CEOs and CFOs display when it comes to investing in different countries.

The index is constructed by surveying top executives on their opinion about how economic policy increases or decreases their desire to invest in specific countries.

The top 25 countries on the the FDI list are:

  1. United States
  2. Germany
  3. Canada
  4. United Kingdom
  5. France
  6. Japan
  7. China
  8. Italy
  9. Australia
  10. Singapore
  11. Spain
  12. Netherlands
  13. Switzerland
  14. Denmark
  15. Sweden
  16. India
  17. South Korea
  18. Belgium
  19. New Zealand
  20. Ireland
  21. Austria
  22. Taiwan
  23. Finland
  24. Norway
  25. Mexico

As it can be seen, developed nations dominate the top spots on the list. The only developing countries on the top 25 are China, India, and Mexico.

6 0
3 years ago
Management's assessment of the design and operation of the company's internal controls over financial reporting should be:
kotegsom [21]

Answer:

Management's assessment of the design and operation of the company's internal controls over financial reporting should be:

integrated.

Explanation:

A company's assessment of internal controls over financial reporting should be integrated to focus on the effectiveness of internal controls and the reliability of the financial statements.  The effectiveness of internal controls reduces the risk of fraudulent activities by all internal parties. Similarly, the reliability of the financial statements will ensure public confidence and engender unbiased, error-free, and faithful representation of financial performance and position to aid decision making by market participants.

4 0
3 years ago
Total tax bill
White raven [17]

Answer:

A

Explanation:

that's after they take out every thing with taxes

4 0
3 years ago
Which of the following LEAST affects the location of an industry
Ivan
I’m confused what else goes with this question
6 0
3 years ago
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