Independent auditing can best be described as:________. A. A regulatory function that prevents the issuance of improper financia
l information. B. A branch of accounting. C. A discipline that enhances the degree of confidence that users can place in financial statements. D. A professional activity that measures and communicates financial and business data.
C. A discipline that enhances the degree of confidence that users can place in financial statements.
Explanation:
Independent auditing includes the process of auditing by an independent auditor. It involves the process of analyzing and examining the financial transactions and records. The company's accounts, the business records, the transactions are all monitored and audited so as to avoid any unprecedented act. It do not indulge any means of profit in the whole process. Independent auditing is adopted by the shareholders in order to protect from any sort of frauds or unacceptable claims made in terms of financial records.
Answer: Thank the interviewer for their time - Reiterate interest in the position/company - Remind the employer of your qualifications - Follow up with any information requested of you
The problem simply asks for Eng's initial capital balance in Cor-Eng partnership and it is just Eng's <u>contributed cash of $2,000</u> to form the partnership.
No need to dwell on the other amounts. Just focus on what was being asked and you'll not get lost ^_^
