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Soloha48 [4]
3 years ago
13

When a member performs non-attest services for an attest client, management is required to designate an individual to oversee th

ose services. Which choice best describes the qualities that are required of that person under AICPA rules?
A. He or she must possess the same level of expertise as the CPA.
B. He or she must possess the same level of education as the CPA.
C. He or she must have suitable skill, knowledge, or experience.
D. He or she must be able to supervise the CPA in the day-to-day rendering of the services.
Business
1 answer:
Inessa [10]3 years ago
3 0

Answer:

C. He or she must have suitable skill, knowledge, or experience

Explanation:

As per American Institute of Certified Public Accountants (AICPA), members have to abide by a strict code of conduct which relates to performance and discharge of responsibilities.

When a member performs non attest services for a attest client, an individual for oversight needs to be designated who must possess suitable skills, knowledge, or experience.

The designated person should be able to understand the scope, nature and objectives of non attest services.

Such a person should agree upon the nature scope and objectives of such non attest services performed by the member and he is not required to supervise the member for routine discharge of services.

The person should receive progress reports and periodically review them.

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Omega has a real gdp per capita of $5,000. If it has a constant 6% rate of growth. how many years will it take before omega has
Alla [95]

Nominal GDP is described as GDP that has no longer been adjusted for actual GDP according to capita and is the key statistic used to tune economic increase.

GDP in line with capita is the sum of gross cost brought by using all resident manufacturers within the economy plus any product taxes (fewer subsidies) not blanketed within the valuation of output, divided by means of mid-12 months population. growth is calculated from steady price GDP facts in nearby currency.

As an end result, higher GDP according to capita is frequently associated with superb effects in a wide range of areas along with better fitness, more training, or even more life satisfaction.

GDP per capita is primarily based on purchasing energy parity (PPP). PPP GDP is gross domestic product converted to worldwide dollars using shopping strength parity charges. An international dollar has equal buying power over GDP as the U.S. dollar has in the united states.

Learn more about GDP here: brainly.com/question/1383956

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3 0
1 year ago
Suppose that the demand for my new book, Spatulas From Around the World, is such that the demand curve lies everywhere below the
dsp73

Answer:

C. Shut down the presses printing my book

Explanation:

Since the average variable cost of producing the book is above the demand curve, the best course of action is to shut down the printing (production) of more books. The author would lose less money by shutting down operations rather than continuing production at a variable cost higher than the demand he's receiving for the books.

In economics, when profit is less than the average variable cost, firms are advised to stop production in the short run and incur economic loss on fixed inputs. This is because with continued operations, total revenue would not only be lower than total cost, but rather, would also be less than total variable cost.

8 0
3 years ago
From the point of view of economics, information systems technology can be viewed as a factor of production that can be substitu
Anna71 [15]

Answer: True

It can be replaced by traditional systems, however, it is not the most appropriate, because information systems help us organize information about a company so that it can be good for reading, analyzing and making decisions, if it does not comply with these principles then we can say that the company is becoming a bit more inefficient.

Traditional systems work, however, in terms of information systems, we can also have the decrease in information errors, so it is important that they be as automated as possible.

3 0
3 years ago
Zola just secured her first job after college, and she's heard that it's important to start investing for her retirement. She ca
Nata [24]

Answer:

IRA

Explanation:

8 0
2 years ago
What is the effect on real GDP of a ​$150 billion change in planned investment if the MPC is ​0.65? ​$ nothing billion. ​(Enter
ExtremeBDS [4]

Answer and Explanation:

The computation of the effect on real GDP is shown below:

change in GDP is

= Multiplier × change in investment

= 1 ÷ (1 - MPC) × change in investment

= 1 ÷ (1 - 0.65) × $150 billion

= 2  × $150 billion

= $300 billion

And, the marginal propensity to consume is

= Change in spending of consumer ÷ income change

= (2,100 - 1,200) ÷ (4,000 - 3,000)

= 900 ÷ 1,000

= 0.9

6 0
2 years ago
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