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alex41 [277]
3 years ago
14

hich of the following is not a change in the audit report as a result of the new reporting standard (AS 3101)? a. Specific menti

on of comprehensive income and notes to the financial statements. b. A disclosure of the year the auditor began serving consecutively as the company's auditor. c. An affirmative statement that the audit firm is registered with the Public Company Accounting Oversight Board (PCAOB). d. A statement that the financial statements are the responsibility of the client's management.
Business
1 answer:
Alex3 years ago
5 0

Answer: d. A statement that the financial statements are the responsibility of the client's management

Explanation:

The new reporting standard (AS 3101) requires auditor's opinion on the financial statements to be moved to the first paragraph of the Audit report, Requires the Auditor to use section titles to identify and highlight important information, Requires an Auditor to provide a clear clarification that the audit scope includes notes to the financial statement, and also the Auditor is required to disclose the year they began serving consecutively as the company's auditors.

A statement that the financial statements are the responsibility of the client's management is NOT part of changes brought by AS 3101

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Answer:

The correct answer is letter "B": unfavorably; increases.

Explanation:

As a measure to control inflation in the economy, the Federal Reserve (Fed) tends to <em>increase </em>the interest rate. This to have banks request fewer loans from the central bank which will result in offering fewer credits to individuals. If people have fewer sources of debt, the possibilities that an economic bubble -<em>continuous increase in price due to continuous increase in demand</em>- appear decreases.

However, if people have fewer sources of debt, private investment decreases, causing an <em>unfavorable </em>panorama for financial institutions offering large portfolios of assets.

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3 years ago
Kellen orders 1,000 pounds of strawberries from Lucy so he can make his famous strawberry sundaes at his ice cream store. Lucy s
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Answer:

B. Rescission and Restitution

Explanation:

4 0
3 years ago
Which question is an illustration of a macroeconomic question? rev: 05_10_2018 Multiple Choice Is a corporation unresponsive to
Tasya [4]

Answer:

How will the government’s budget deficit be affected by public infrastructure projects?

Explanation:

Macroeconomics is concerned with the general behavior and changes in the economy as a whole. Macroeconomics studies parameters that affect the entire economy, such as inflation, unemployment, national income, gross domestic product (GDP), and general price levels.  It contrasts microeconomics, which studies the choices and behavior of individual households and industries.

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3 years ago
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Answer:

forced U.S. to become more self-reliant

Explanation:

The 1807 Embargo Act in the short run resulted in very serious negative effects, but in the long run it helped the American economy to be more self-reliant.

Some of the negative effects on the short run include:

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As a very positive effect, specially on the long run, it increased reliance on domestic manufacturing .

4 0
3 years ago
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Tất cả hàng hóa khi qua các kho đều lần lược qua 4 khâu nào:
Vladimir79 [104]

Answer:

c.

Explanation:

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2 years ago
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