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ale4655 [162]
3 years ago
13

The clientele of black & company's audit practice consists primarily of privately-owned small and middle market companies. r

ecently, the firm won two audits of public companies, including one issuer. from an independence perspective, what effect will these new client engagements have on black & company?
Business
2 answers:
kramer3 years ago
7 0

Black & Co. will have to comply with SEC and PCAOB independence rules

stepladder [879]3 years ago
3 0
<span>By winning two new clients in form of publicly owned companies black & company increase its chances to open its services to a broader market. If the audit is successful and the new clients are satisfied black & company could get referrals which would lead to a growing clients base and therefore an increase in profits.</span>
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Assume the reserve requirement is 10%. First National Bank received a deposit of $5,400. If there no slippage, how much could th
natta225 [31]
<span>Reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains uncharged.</span>
4 0
3 years ago
Myrna and Geoffrey filed a joint tax return in 2015. Their AGI was $85,000, and itemized deductions were $13,700, which included
GalinKa [24]

Answer:

The amount of these state income tax refund is included in gross income in 2016 is $1,100

Explanation:

The computation of the income tax refund is shown below:

= Itemized deductions - standard deduction

= $13,700 - $12,600

= $1,100

Since we have to find out the refund amount which would be included in the gross income so we consider the amount of the deductions which is given in the question. The other information which is given in the question is not relevant. Hence, ignored it

The amount recovered would be adjusted to that particular year only it would not be carried forward.

4 0
3 years ago
How many feet are in 400 meters? (Full Sentence Response) Again... I know I asked this the last time, but you can handle it! *
konstantin123 [22]
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6 0
3 years ago
For many large, international companies that do business in less developed countries, corruption is a part of everyday life. Wit
KATRIN_1 [288]

Answer:

Morals is good right, It is matter of decision in such clear cases, however it as essential as the money in business, doing the business morally right sets the business on right street, Businesses run for longer periods in the event that they follow business morals. henceforth here right now it seems to offer incentive as an unquestionable requirement case for doing the business, I will at present request that my manager rethink his business and pick the moral way, we may free this business that will affect us for shorter time, yet on the off chance that we overlook the moral way, it will hamper the whole business future, thus for doing a more noteworthy great, a couple of transient misfortunes can be brought about.  

Not really we can say that offering incentive is most extreme important for working together abroad, it is again a matter of decision and your internal conscience to follow the right moral way. In spite of the fact that the way would be bit troublesome while following morals while working together abroad yet that would be helpful for longer term, and will acquire the trust the clients and provider, while by permitting the influences it makes an endless loop and friends will become mixed up in that circle and this will be a misfortune to the general public overall.

8 0
3 years ago
Bi-Lo Traders is considering a project that will produce sales of $44,800 and have costs of $25,700. Taxes will be $4,500 and th
Mumz [18]

Answer:

$10,700

Explanation:

Operating cash flow is computed as;

= Net income + non cash expenses - outlay in working capital

First, we'll determine the net income

Net income = Sales $44,800 - cost $27,500 depreciation expense $2,650 - Taxes $4,500

Net income = $10,150

Operating cash flow = $10,150 + $2,650 - $2,100 = $10,700

6 0
3 years ago
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