1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Naddik [55]
2 years ago
13

Jack works for Red, Blue and Green CPAs. Each year Red, Blue and Green asks Jack to fill out a form indicating all of his financ

ial interests and those of his family members and close friends. Red, Blue and Green uses these charts to ensure that their auditors comply with the independence standards as described by the AICPA Code of Professional Conduct.Code of Professional Conduct contains examples of situations that may impair an auditor's independence. Relationships are divided into three categories for purposes of the interpretations: immediate family, close relatives, and other relatives and friends. It is important for an auditor to understand how existing relationships fit into these categories so that the auditor can determine if there is an effect on his or her independence. Understanding of relationships is of primary importance to understanding the auditor's Code of Professional Conduct regarding independence. Place the following relationships into the appropriate category.1. Immediate Family2. Close Relative3. Other Relative or Frienda. Dependent b. Childc. Father d. Cousine. Spouse f. Sisterg. Golfh. Partneri. Spouse j. Equivalentk. Brother l. Niecem. Dependent n. Parento. Motherp. Nephewq. Independent r. Childs. College t. Friendu. Grand fatherRoommate
Business
1 answer:
sasho [114]2 years ago
8 0

Answer:

1.Immediate Family:

Spouse

Dependent Child

Dependent Parent

Spouse Equivalent

2.Close Relatives:

Sister

Brother

Father

Mother

Grand Father

Independent Child

3.Other Relatives and Friends:

Niece

Nephew

Cousin

Golf Partner

College Friend

Roommate

Explanation:

AICPA code of professional conduct are standards that are followed by CPA professionals.  It is important and necessary for CPA professionals to understand the rules and standard of professional guidance and abide by them. There are two major sections of Code of Professional Conduct:

1. Rules

2. Standards

Rules are enforceable and required to be followed. Standards are the guidance which helps to make decision in certain situations.

You might be interested in
Suki health foods has 19,000 shares of $5 par common stock outstanding, which were issued at $12 per share. suki also has a defi
Y_Kistochka [10]

We can calculate for the total stockholders’ equity by using the formula:

Total stockholders’ equity = Number of Shares * Price per Share – Deficit Balance

Substituting our given values:

Total stockholders’ equity = 19,000 shares * ($12 / share) - $75,000

Total stockholders’ equity = $153,000

5 0
3 years ago
Which company is most exposed to the ups and downs of the aircraft engine industry? a) General Electric b) MTU Aero Engines c) U
Mrac [35]
I think it’s b but I can’t garauntee I’m sorry
6 0
3 years ago
Select all that apply Transfer prices: (Check all that apply.) Multiple select question. are not used in investment centers. are
nata0808 [166]

Answer:

B. are transfers within the same company.

C. have a direct impact on division profits.

Explanation:

Transfer prices can be defined as the amount of money (prices) that is being charged by a division in a business firm for the goods and services provided to another division within the same business firm. Thus, the output of the selling division automatically becomes the input of the buying or receiving division.

The characteristics of transfer prices includes;

I. Are transfers within the same company.

II. Have a direct impact on division profits.

3 0
3 years ago
Compute and interpret the fixed overhead budget and volume variances.
romanna [79]

It can be calculated using the following formula: Fixed Overhead <u>Volume </u>Variance = Applied Fixed Overheads – Budgeted Fixed Overhead. Here, Applied Fixed Overheads = Standard Fixed Overheads × Actual Production.

Volume is a measure of the occupied three-dimensional space. [1] Often quantified numerically using SI units (such as cubic meters and liters) or various imperial units (such as gallons, quarts, and cubic inches). Container volume is generally understood to mean the capacity of the container. That is, the amount of fluid (gas or liquid) the container can hold, rather than the amount of space the container itself moves through.

For simple 3D shapes, you can easily calculate the Volume is a measure of the occupied three-dimensional space. [1] Often quantified numerically using SI units (such as cubic meters and liters) or various imperial units (such as gallons, quarts, and cubic inches). Container volume is generally understood to mean the capacity of the container. That is, the amount of fluid (gas or liquid) the container can hold, rather than the amount of space the container itself moves through.

learn more about Volume here.  brainly.com/question/1972490

#SPJ

8 0
1 year ago
The long-run aggregate supply curve
pantera1 [17]

Answer:

Option 1 - The long-run aggregate supply curve  is very sensitive to changes in the price level.

Explanation:

The long-run aggregate supply curve, LRAS, is a curve that reveals the relationship between the price level and real GDP that would be supplied if all prices, including nominal wages, were fully flexible; price can change along the LRAS, but the output cannot because output reflects the full-employment output.

Therefore, the long-run aggregate supply curve is very sensitive to changes in the price level.

8 0
3 years ago
Other questions:
  • You missed writing down a transaction but your account indicates you spent your entire cleaning budget of $750. Your other trans
    9·1 answer
  • Sarah has rented a house from Frank. The house is only two years old, but the roof leaks every time it rains. The water that has
    5·1 answer
  • Movie studios use market research to reduce their risk of losses by hiring firms such as the National Research Group to conduct
    14·1 answer
  • Information that is collected for the first time from original sources is called ________.
    12·1 answer
  • Suppose 30% of business majors major in accounting. You take a random sample of 3 business majors. Answer questions 39 and 40: W
    7·1 answer
  • 2. A company’s financial records at the end of the year include the following amounts: Cash $ 70,000 Accounts receivable 28,000
    10·1 answer
  • Assume that a firm reports net income of $45,000 prior to making adjusting entries for the following items: expired rent, $3,500
    5·1 answer
  • If the X series denote experience and Y series denote performance and values of X series are 16, 12, 8, 9, 18, 9, 11, 16, 15, 3
    12·1 answer
  • Causes of low economic growth
    6·2 answers
  • Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international bus
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!