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3 years ago

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 customer has $20,000 to invest, but needs immediate access to the funds to pay a variety of bills that will arrive over the ne

tatiyna

Answer:

A. Money Market checking account

Explanation:

A money market account represents a savings account with some features of a checking account provided by a bank. Herein, a customer deposits money, and such funds are invested into money market instruments which are highly liquid, such as commercial papers, treasury bills, certificate of deposits, etc.

Such accounts provide debit card and checks and allow a certain number of withdrawals every month. The rate of interest offered under these accounts is usually higher than the ordinary savings account.

In the given case, the customer has $20,000 to invest and also requires immediate access to the funds to pay his bills. The best recommendation would be to deposit such funds to a money market checking account, which would provide him with access i.e liquidity, a higher rate of interest than on savings account and safety of investment.

It is noteworthy that all other options specified are not as liquid as money market checking account since, those alternatives either require considerable time in redeeming and selling or do not provide immediate access to funds.

4 0

2 years ago

Rodriquez Company budgeted the following sales in units: January 30,000 February 20,000 March 40,000 Rodriquez's policy is to ha

chubhunter [2.5K]

Answer:

24,000 units

Explanation:

Given:

Budgeted sales for January = 30,000

Budgeted sales for February = 20,000

Opening inventory in January = 7,500

Desired ending inventory = 20% of sales in February

= 0.2 × 20,000

= 4,000 units

Units required in January = 30,000 + 4,000

= 34,000 units

Units to be produced in January = 34,000 - opening inventory

= 34,000 - 7,500

= 26,500 units

Budgeted sales for February = 20,000

Budgeted sales for March = 40,000

Opening inventory in February is closing inventory of January = 4,000

Desired ending inventory = 20% of sales in March

= 0.2 × 40,000

= 8,000 units

Units required in February = 20,000 + 8,000

= 28,000 units

Units to be produced in February = 28,000 - opening inventory

= 28,000 - 4,000

= 24,000 units

5 0

2 years ago

Sati [7]

<span>This is an example of, "medicalization and the social construction of health and illness".

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3 years ago

If interest rates in general were to fall, 1. the prices of existing bonds would rise 2. the prices of existing bonds would fall

IRINA_888 [86]

Answer:

1. the prices of existing bonds would rise

Explanation:

General Interest rates and price of a bond are inversely related. The market interest rate also reflects an investors expected rate of return also referred to as yield to maturity i.e YTM.

Mathematically, price of a bond is the present value of it's future stream of coupon payments as well as principal repayments discounted at investors expected rate of return i.e YTM.

So, when market interest rates fall in general, this would lead to a rise in the price of bonds as general interest rates represent yield to maturity.

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3 years ago

What is the difference between a government and a state

nadezda [96]

Though here are few differences between State and Government, State is a sovereign authority. While Government uses the sovereign authority of the state as an element. ... State is a larger entity is includes all individuals, associations and institutions that exist within its territorial boundaries.

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3 years ago

Read 2 more answers