A CPA examines a sample of copies of December and January sales invoices for the initials of the person who verified the quantitative data. This is an example of a Test of a control
<h3>
What is the Test of a control?</h3>
- Any auditing technique used to assess an organization's internal controls is known as a test of control.
- Determining if these internal controls are adequate to identify or reduce the risk of material misstatements is the goal of control tests in auditing.
- For instance, the auditor is working on the audit of ABC's financial accounts and it will begin very soon.
- Normally, the auditor must complete audit preparation and get audit partner approval before proceeding with the substantive test or conducting fieldwork.
To learn more about Risk management, refer to the following link:
brainly.com/question/13760012
#SPJ4
Their is a check that was not recorded properly, or all the deposits for the month where not recorded.
Answer: A = 9 and firm B = 0.11
Explanation:
Debt to equity ratio = Total Liability/ total equity
Firm A = 18000000 / 2000000
Debt to equity ratio of firm A = 9
Firm B = 2000000 / 18000000
Debt to equity ratio of firm B = 0.11
Sometimes development aid goes toward disaster relief. For example, after the Indian Ocean tsunami of 2004, non-governmental organizations helped devastated countries to rebuild.
Based on your understanding of the chapter, which of the following statements are true of foreign aid? (Select all that apply).
A. Foreign aid is inefficient when it is given directly to an extractive government.
B. Foreign aid is efficient when it is directly used to rebuild capital and promote growth in an economy.
C. Foreign aid is efficient when it is given directly to an extractive government.
D. Foreign aid is inefficient when it is directly used to rebuild capital and promote growth in an economy.
Answer:
Option A & B is correct
Explanation:
- corruption within the government affects the proper use of aids for that which it's designated for( diversion of funds to personal accounts of government officials in charge e.g mobutu of Zaire.)
Foreign aid is a powerful tool which can be used to mediate failure of market mechanism and boost economic growth by facilitating productive investment in key areas of the economy.
Answer:
Yes Yes
Explanation:
The fair value of each asset is less than book value implying that both firms have a loss. Losses are recognized in full regardless of whether there is commercial exchange.
