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Verdich [7]
3 years ago
15

Auditors may decide to perform some tests of controls or not perform any tests of controls, if inherent risk is assessed as ____

____. moderate or low high or moderate unusually high None of these options are correct.
Business
1 answer:
Ivanshal [37]3 years ago
6 0

Answer: Moderate or low

Explanation:

Tests of Control are one by auditors to determine the effectiveness of the internal controls in the company in being able to detect accounting errors and anomalies.

If a company seems to have a moderate or low inherent risk the Auditors may or may not initiate Tests of Control due to this reduced risk.

If the company however, has either high or moderate or unusually high risk, the Auditors have to perform Tests of Control to determine where the company is going wrong.

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If specialization and outsourcing can harm domestic workers, why do countries still engage in trade? choose one:
andrey2020 [161]

If specialization and outsourcing can harm domestic workers, the countries still engage in trade because the gains from trade far outweigh the costs, and the economy benefits overall.

Outsourcing is the business practice in which a party is hired  outside any company to perform services and to  create goods that were traditionally performed  and produced in-house by the company's own employees and staff.

Outsourcing is a practice which is usually undertaken by companies as a measure of cost-cutting . As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office.

To know more about outsourcing here:

brainly.com/question/14202035

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5 0
2 years ago
Income which accrue or arise outside india and also received outside india is taxable in case of.
Nadya [2.5K]

If income is accrued <u>or arises outside India and is not received in India</u>, it is not taxable in the case of Non-Resident.

<h3>Who is a resident and non resident?</h3>

A resident is a person who has resided in India in that year for 182 days or more. He is a natural person or an individual who is domiciled in a particular state.

A Non- Resident is a person who is not the resident of India for tax purposes. Section 2(30) defines non-resident as a person who is not a resident.

Basically, Income which accrue or arise outside india and also received outside india is taxable in case of Non-Resident.

Learn more about resident and non- resident here:-

brainly.com/question/14317583

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8 0
2 years ago
Item 3Item 3 Cutter Enterprises purchased equipment for $87,000 on January 1, 2018. The equipment is expected to have a five-yea
Rus_ich [418]

Answer:

$27,400 and $59,600

Explanation:

The computation of the depreciation expense and the book value using the sum of-the-years'-digits method is shown below:

Depreciation expense is

= (Purchase cost - residual value) × useful life ÷ sum of years

= ($87,000 - $4,800) × 5 years ÷ (5 + 4 + 3 + 2 + 1)

= $27,400

And, the book value is

= Purchase cost - depreciation expense

= $87,000 - $27,400

= $59,600

8 0
3 years ago
Buzz Appliances manufactures two​ products: Food Processors and Espresso Machines. The following data are​ available:
murzikaleks [220]

Answer

D. 4,800 Espresso Machines and 0 Food Processors

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

4 0
3 years ago
3. What do you think has more risk: buying corporate bonds or buying a second house in hopes that housing prices increase?
const2013 [10]

Answer:

buying a second house

Explanation:

bonds have a high chance of providing returns whereas the housing market is very hard to predict

6 0
3 years ago
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