Inherent risk is the risk which is present before applying any control, and audit risk is the that the auditor expresses inappropiate audit opinion when the financial statements are materialy misstated.

Thus, when the inherent risk is <em>high</em>, the auditor keeps the audit risk at <em>low </em>level to perform more subtantative procedures.

8 0

3 years ago

Which of the following is an example of synthesizing?

lyudmila [28]

Answer:

It's B.

Explanation:

I believe it's B, Putting ideas and concepts together to form a conclusion.

That's almost exactly the definition of synthesizing anyway. ♥

7 0

3 years ago

Read 2 more answers

The parents of a young child decide to make annual deposits into a college savings account. The first deposit will be made on he

Gnom [1K]

Answer:

The amount of the equal, annual deposits made on birthdays 5 through 15 is $3,970.58

Explanation:

First, let's calculate the present value of the college expenses on her 17th birthday (a year before college) using NPV formula

NPV(9%, 20000...32000) = $82,839.69

Now, its value on 15th birthday should be equal to 82,839.69 / (1 + 9%)² = $69,724.51

Using the PMT formula, we can calculate the annual amount they have to invest for 11 years to get to this sum at 9% annual rate

PMT(rate = 9%, nper = 11, pv = 0, fv = 69,724.51, 0) = $3,970.58

5 0

3 years ago

________ now command about 45 percent of all retail sales in the united states. factory outlets joint agreements franchises acqu

butalik [34]

___ now command about 45 percent of all retail sales in the United States.

Franchises

4 0

3 years ago