All categories

3 years ago

Professional skepticism can best be defined as having:

Business

1 answer:

LiRa [457]3 years ago

5 0

Answer:

A. An inquiring mind and suspension of belief is the correct answer.

Explanation:

Professional skepticism is an inquiring mind that includes critical evaluation, questioning, and staying alert to situations that may indicate possible error because of fraud and mismanagement and also an important evaluation of audit data.
The elements of professional skepticism are questioning mind, autonomy, suspension of knowledge,interpersonal judgment, search for information, and self-esteem.

Professional skepticism performs an important role in the audit and we need professional skepticism to maintain an audit of the expectation.

You might be interested in

Which is the most expensive form of advertising blank is the costliest mode of advertising as it includes buying air time and sh

Sveta_85 [38]

Answer:

Television Advertising is the most expensive form of advertising.

Explanation:

Television Advertising still the most powerful advertising. Even though internet has a huge access to households. TV still the only Mass Media electronic that is possessed almost by all houses in the world.

The Advertising in TV reaches a greater number of users than any other media. Because of this advertising in TV is extremely costly when compared to other mass media.

Big events such as the super bowl have an expensive fee for the companies that want to air an add. The most expensive add ever is No. 5 the Film (2004) is a 180-second short film directed by Baz Luhrmann for the perfume company Channel, this advertising had a budget of $33 million dollars.

4 0

4 years ago

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance

frez [133]

Answer:

bank statement 56,300

Checks outstanding (25,390)

Deposit in transit not recorded by bank 13,325

Adjusted bank statement 44,235‬

Cash account 42,920

Bank debit memo for service charges (35)

check register error: 1,350

Adjusted cash account 44,235

Explanation:

The procedure is to adjust for the unknow information and mistake of each party.

The bank is unaware of the check outstanding and deposit in transit

The company thanks to the banbk statement gets information about a mistake in his check register as it was posted for 1,500 when it should be 150.

6 0

4 years ago

Chapter 7 1) Lincoln Corporation used the following data to evaluate their current operating system. The company sells items for

yuradex [85]

Answer:

A) $171,000 favorable

Explanation:

Static Budget variance is calculated by simply taking difference of budgeted values and actual values.

Static budget Variance report of Lincoln Corporation

Budgeted Actual Variance Status

Units sold 39,000 48,000 9000 Favorable

Revenue (@$19) $741,000 $912,000 $171,000 Favorable

Variable costs $152,000 $167,000 $15,000 Unfavorable

Fixed costs $50,000 $41,000 $9,000 Favorable

As Sales is increased by 9000 units and $171,000, the increase in sale is a favourable varince. So, correct option is A) $171,000 favorable.

5 0

4 years ago

One key word which is used to define public relations is ____, since public relations activity is intentional.

babunello [35]

Answer:

deliberate is Answer

Explanation:

may be this is helpful!

6 0

3 years ago

How is the job of a project manager different from the job of an operational manager? why should the two jobs be kept separate?

andrezito [222]

A project manager only focuses on the projects that the business wants to do and complete whereas an operational manager controls the operational side of the business. They should be kept apart because otherwise, their job requirements will get in the way of each other. I hope this helps!

3 0

4 years ago