When the auditors express an opinion on financial statements their responsibilities extend to : Whether the results of their client's operating decisions are fairly presented in the financial statements.
Explanation:
An auditor is a person or corporation assigned to conduct an audit by a client. To order to be an auditor, a person should have a credential or relevant credentials of the regulatory authority for accounting and auditing.
The auditor is someone who reviews financial records and checks them. They ensure consistency of financial records and correct payment of taxes. We monitor financial activities to ensure that companies operate efficiently.
A statement that somehow the auditor is liable for expressing an opinion on the audit's financial statements. Examining details of the sums and reports in the financial statements on a test basis; evaluating the accounting standards used and relevant management estimates;
Answer:
Access Control List
Explanation:
An access control list is a table that tells a computer operating system(windows, Mac-os, Linux) which access rights a user or group of users have to certain object on the computer system. The object to be accessed may range from an individual file to a directory.
The most commonly allowed accesses includes the ability to read files, execute files (i.e if the files is executable; .exe), write to the file.
Answer:
The total income tax expense for 2019 =152.000. Is not available in the options given by the exercise.
Explanation:
- Tax on insurance expense deductible for accounting purposes in 2019= 70000*40%=28.000
- Income tax expense for 2019 = 180.000-28.000=152.000
Answer:
get each individual to state the problem from his or her viewpoint.
Explanation:
The first step that managers should take to resolve a conflict within a diverse team is to get each individual to state the problem from his or her viewpoint.
The lesson of sunk costs is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options. A sunk cost is a cost that happened during the manufacturing of something else and there is no way to recover that money back if the item or service fails. These costs will happen no matter the decision or outcome of a situation so most companies do not factor in sunk costs.
