All categories

3 years ago

An external auditor is required to be independent when performing:

Business

1 answer:

kirill [66]3 years ago

5 0

Answer:

Independence of the external auditor means independence from parties that have an interest in the results published in financial statements of an entity. ... Internal and external concerns are convoluted when nominally independent divisions of a firm provide auditing and consulting services

You might be interested in

s a state that exists whenever an entity can survive or continue its activities without external assistance or international tra

Andru [333]

Autarky is a state that exists where the entity can survive with no external help or the global trade.

<h3>What is trade?</h3>

Trade is the scenario when the nation engaged in acquiring or selling goods or providing services from or to the outside nations.

Autarky is the situation of being self independent or exercising the self rule. It is being applied to the political states, systems of economy, communities or states of the nation.
When an entity can able to exist in the market with no global interference or any kind of external help, then that situation of a firm is tend to be an Autarky.

Therefore, the definition provided in respect of the term Autarky.

Learn more about the international trade in the related link:

brainly.com/question/27622280

#SPJ1

7 0

2 years ago

___________ is/are treated as receivables if collected from employees or deducted from their salaries.

dangina [55]

Payments is the correct word for the blank

6 0

3 years ago

has the following current assets: cash, $1,200; receivables, $1,500; inventory, $2,000 and other current assets, $1,300. Airline

pogonyaev

Answer:

Current Ratio = 1.5

Working Capital = $2,000 million

Explanation:

Current Ratio = Current Assets / Current Liabilities

= ($1,200 + $1,500 + $2,000 + $1,300) / ($1,000 + $3,000)

= $6,000 / $4,000

= 1.5

Working Capital = Current Assets - Current Liabilities

= $6,000 million - $4,000 million

= $2,000 million

5 0

3 years ago

Human resource management is concerned with ________ competent employees

Nostrana [21]

Human resource management is concerned with obtaining, training, motivating, and keeping competent employees because its true, the definition of competent means skillful so jobs try not to lose their best workers at all and always want to offer them more in order to keep them from leaving or promote them to higher positions to still keep them in order to make it easier to make money.

5 0

3 years ago

Classify each of the following costs as relevant or irrelevant to the decision at hand and briefly explain your reason. a. The p

jasenka [17]

Answer:

a. The purchase price of the old computer when replacing it with a new computer with improved features - Irrelevant cost

Sunk costs are considered irrelevant and the price of the old computer is a sunk cost as it has already been incurred.

b. The cost of renovations when deciding whether to build a new office building or to renovate the existing office building - Relevant

The cost of renovations will help the company decide which alternative is cheaper between building a new office or renovating.

c. The original cost of the current stove when selecting a new, more efficient stove for a restaurant. - Irrelevant

Like the first, this is a sunk cost so it is irrelevant.

d. Local tax incentives when selecting the location of a new office complex for a company’s headquarters. - Relevant

Local tax incentives could reduce cost of operation so is relevant when choosing headquarter location.

e. The fair market value (trade-in value) of the existing forklift when deciding whether to replace it with a new, more efficient model. - Relevant

The existing machine can be traded in for part of the cost of a new one using its market value to reduce the cost of the new one. It is relevant.

f. Fuel economy when purchasing new trucks for the delivery fleet. - Relevant.

Higher fuel economy can reduce cost of transportation so is a relevant cost.

g. The cost of production when determining whether to continue to manufacture the screen for a smartphone or to purchase it from an outside supplier. - Relevant.

This is a relevant cost because the it will help the company decide the cheaper alternative.

h. The cost of land when determining where to build a new call center. - Relevant.

Some land will be in areas that will have higher real estate prices. Your preferred cost of land will help determine which areas to look for locations in.

i. The average cost of vehicle operation when purchasing a new delivery van. - Relevant.

If this cost is too high it will increase expenses. It is a relevant cost to note for cost maximisation.

j. Real estate property tax rates when selecting the location for a new order processing center. - Relevant

Real estate taxes need to be known so that cost estimation can be made on the order processing center.

6 0

3 years ago