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Blizzard [7]
3 years ago
14

Which statement best describes the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence

Business
1 answer:
Margarita [4]3 years ago
6 0

Every organization has its own rules. The statement that best describes the Federal Deposit Insurance Corporation's is that The FDIC has issued policy statements that address auditor independence in various contexts.

  • Independence in auditing needs integrity and an objective way in all audit process. It also requires the auditor to perform his or her task freely and in a focused way.

The Independence of the internal auditor is simply known as the freedom  from parties or people whose interests can be harmed by the outcomes of an audit.

See full question below

Which statement best describes an element of the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence?

FDIC independence requirements incorporate requirements for attorneys and actuaries.

FDIC independence requirements mirror the AICPA and DOL independence rules.

The FDIC has issued policy statements that address auditor independence in various contexts.

The FDIC has adopted regulations that incorporate IESBA independence rules.

Previous question

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How does the business cycle affect consumers? check all that apply.
kiruha [24]

Answer:

The business cycle is crucial for businesses of all kinds because it directly affects demand for their products. Boom: high levels of consumer spending, business confidence, profits and investment. Prices and costs also tend to rise faster. Unemployment tends to be low as growth in the economy creates new jobs.

5 0
3 years ago
The growing demand for biofuels in the U.S. that has led to a growing supply of soybeans from Brazil is an example of all of the
Annette [7]

Answer:

Localized economics

Explanation:

Localized economics :

Localisation implies the grouping of a specific industry in a specific region, region or area. Localisation is identified with the regional division of work, that is, specialization by regions or areas.  

A specific town or district will in general have practical experience in the creation of a specific item.  

These are benefits for a firm got from the nearness of firms having a place with a similar industry in a region. Urbanization economies are those advantages acquired by a firm emerging from the size of a region and the decent variety of its economy.

5 0
3 years ago
Scenario: Blickinstock at the Crossroads Auto parts supplier, Blickinstock Ltd., would like to expand its presence in Latin Amer
Lena [83]

Answer:

A maquiladora is a factory that imports raw materials (usually benefiting from special tax regimes), processes them and manufactures goods that are exported to the company's home country. Maquiladoras benefit from low wages and are generally labor intensive industries.

E.g. many maquiladoras work in the textile industry, where they import all the materials they need, and then they manufacture clothes which are exported to other countries.

5 0
3 years ago
Although you have an exam tomorrow, you are considering watching one more episode of your favorite TV show. You will choose to s
AURORKA [14]

Answer:

The correct answer is A

Explanation:

Facing a decision for yes or not (buy or not to buy, sleep or not to sleep, eat or not to eat, and so on) you will choose to do something if this something gives you a positive marginal benefit.

In this case your situation has two sides. By one side, watching an extra episode is good and gives you utility, buy you also need to study and not tu study gives you disutilty (or it's a cost). So, you will watch your episode if it gives you more marginal benefit than the cost it gives you.

If you are in a situation where the marginal cost and benefit are already equal you won't watch another episode, as the marginal benefit will be negative.

Watching an extra episode is not free, it has an opportunity cost (study for the exam)

And about D, watching an extra episode will not always guarantee fun, think about watching 18 episodes in a row, not going to school and getting fired from job.

So, correct answer: A

8 0
3 years ago
Oromyx Inc., a manufacturer of home appliances, received consumer complaints about its product demonstration and installation se
e-lub [12.9K]

Answer:

customer service

Explanation:

Based on the information provided within the question it can be said that the work team improved their customer service. This is because the training program was designed for the work team to better understand the product that they are selling. This knowledge would help them provide the customer with all the information that they need as well as a one on one demonstration of how the product works and the salesperson can also answer any questions that they may be having. All of this contributes towards servicing the customers and providing them with a great experience and product.

3 0
3 years ago
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