All categories

3 years ago

Audits may be characterized as

Business

2 answers:

BARSIC [14]3 years ago

7 0

Answer:

Explanation:

1. Analyze proprietary schools' spending to train students for low-demand occupations

Type of Audit

Economy and efficiency or program results

Type of Auditor

Governmental (GAO) auditors

2. Determine whether an advertising agency's financial statements are fairly presented with comformity of GAAP

Type of Audit

Financial statement

Type of Auditor

Independent CPAs

3. Study the effectiveness of the Department of Defense's expendable launch vehicle program

Type of Audit

Economy and efficiency or program results

Type of Auditor

Governmental (GAO) auditors

4. Compare costs of municipal garbage pickup services to comparable service contracted to a private business

Type of Audit

Economy and efficiency

Type of Auditor

Internal auditors

5.nvestigate financing terms of tax shelter partnerships

Type of Audit

Compliance

Type of Auditor

IRS auditors

6. Study a private aircraft manufacturer's test pilot performance in reporting on the results of test flights

Type of Audit

Compliance

Type of Auditor

Internal auditors

7. Conduct periodic examinations by the US Comptroller of Currency of a national bank for solvency

Type of Audit

Compliance

Type of Auditor

Bank examiners

8. Evaluate the promptness of materials inspection in a manufacturer's receiving department

Type of Audit

Compliance or Economy and Efficiency

Type of Auditor

Internal auditors

9. Report on the need for the states to consider reporting requirements for chemical use

Type of Audit

Program goal

Type of Auditor

Governmental (GAO) auditors

10. Render a public report on the assumptions and compilation of a revenue forecast by a sports stadium/racetrack complex

Type of Audit

Financial statemen

Type of Auditor

Independent CPAs

hammer [34]3 years ago

4 0

Answer:

(a) 2 and 9

(b) 5, 6 and 7

(d) 3

Explanation:

(a) financial statement audits,

2. Determine whether an advertising agency’s financial statements are fairly presented in conformity with GAAP. ( independent (external) auditors )

9. Report on the need for the states to consider reporting requirements for chemical use data. d governmental auditors Render a public report on the assumptions and compilation of a revenue forecast by a sports stadium/racetrack complex. ( independent (external) auditors )

(b) compliance audits,

5. Investigate financing terms of tax shelter partnerships. ( governmental auditors (IRS) )

6. Study a private aircraft manufacture’s test pilot performance in reporting on the results of text fights ( internal auditors )

7. Conduct periodic examinations by the U.S. Comptroller of Currency of a national bank for solvency. ( governmental auditors )

(c) economy and efficiency audits, and

1. Analyze proprietary schools’spending to train students for low-demand occupations ( governmental auditors )

4. Compare costs of municipal garbage pickup services to comparable services subcontract to a private business. ( internal auditors )

8. Evaluate the promptness of materials inspection in a manufacture’s receiving department. ( internal auditors )

(d) program results audits.

3. Study the effectiveness of the Department of Defense’s expendable launch vehicle program. ( governmental auditors )

You might be interested in

The knowledge that employees can typically learn only through experience is called:

SpyIntel [72]

The knowledge that employees can typically learn only through experience is called Tacit knowledge. Unlike Explicit knowledge, Tacit knowledge is not easily communicated Often very difficult to explain how/why you have this knowledge.Explicit knowledge is relatively easily communicated knowledge; the kind of information you are likely to think about when you picture someone sitting down at a desk to learn.

5 0

3 years ago

Analyze how taxes or emissions standards could reduce the economic inefficiency that arises in a competitive market with a negat

OverLord2011 [107]

Let's analyze in the case of manufacturer's emission that cause polution

Usually, these pollution-producing companies are regulated to pay several amount of money in order to rehabilitate the environment that caused by their harmful material.

This is really inefficient , if they have to repair it, why allow them to destroy the environment in the first place ?

That's how emission standards could reduce the inefficiency

7 0

3 years ago

Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost

lora16 [44]

a) The computation of the single plantwide predetermined overhead rate for Tent Master is $6 per DLH ($252,000/42,000).

b) The computation of the overhead cost per unit for Pup and Pop-up Tents for Tent Master is computed as follows:

Pup Tents Pop-up Tents

Overhead cost $24 ($6 x 4) $18 ($6 x 3)

c) The computation of the product cost per unit for Pup and Pop-up Tents is as follows:

Per Unit Selling Direct Direct Overhead Product

Price Materials Labor per unit Cost / Unit

Pup tent $ 78 $ 20 $ 45 $24 $89

Pop-up tent 73 25 30 $18 $73

d) The computation of the gross profit per unit (selling price per unit minus the product cost per unit) of Pup and Pop-up Tents is as follows:

Per Unit Selling Direct Direct Overhead Product Gross Profit

Price Materials Labor per unit Cost / Unit (Loss) per unit

Pup tent $ 78 $ 20 $ 45 $24 $89 ($11) ($78 - $89)

Pop-up tent 73 25 30 $18 $73 $0 ($73 - $73)

<h3>What does a product cost?</h3>

The determination of the product cost includes the costs of direct materials, direct labor, and overhead. The overhead cost is allocated to each unit based on a predetermined overhead rate (budgeted overheads/budgeted usage) or using an activity-based costing technique.

<h3>Data and Calculations:</h3>

Budgeted overhead costs = $252,000

Budgeted direct labor hours = 42,000

<h3>Question Completion:</h3>

Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows:

Per Unit Selling Price Direct Materials Direct Labor DL Hours

Pup tent $ 78 $ 20 $ 45 4

Pop-up tent 73 25 30 3

<h3>Required: </h3>

1. Compute a single plantwide overhead rate assuming the company allocates overhead costs based on 42,000 direct labor hours.

2. Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product.

3. Compute the product cost per unit for each product.

4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit).

Learn more about calculating the predetermined overhead rates at brainly.com/question/26372929

4 0

2 years ago

Taxable income from the rental of actively managed depreciable real estate is classified as:

iragen [17]

Answer:

passive income if taxable income is negative;active income if taxable income is positive.

3 0

3 years ago

Adeeb is part of a group of students who are working with a bakery to collect marketing research. The bakery wants to determine

bagirrra123 [75]

Answer:

C) exploratory research

Explanation:

When the problem is not clearly defined, investigators usually use exploratory research. In this case, what does it mean for a pastry to be successful: has good taste, sells a lot, increases revenue, is profitable, how can it be improved, etc.

There are simply too many options that can define if a product is successful or not. This is why Adeeb's team prepared a survey that include questions that were not that specific. Why do you like or dislike the pastry? If the pastry's price is X would you buy it, if its price is Y?

The purpose of exploratory research is to better understand and gain knowledge about the problem, but it is really difficult for this type of research to provide a definite conclusion or answer.

3 0

3 years ago

Read 2 more answers