Answer:
1. This rises the situation of limitation on scope so Disclaimer of opinion.
2. MATERIAL but not pervasive so Qualified opinion as no capitalization of lease payment is departure from GAAP.
3.considering loss as material but not pervasive. Auditor should add an emphasis of matter paragraph to underscore this issue.
4. Scope limitation - QUALIFIED REPORT.
5. The auditor doesn't have to express an opinion but have to indicate whether this supplimentary info. Is fairly stated in all aspects.
6. Modify the report to show the division of responsibility with component auditor.
7.It affects consistency of financial statements. Supplement emphaiem of matter para. With the unmodified report.
8. The auditor should add an emphasis of matter para for better understanding of users. issue the standard unmodified report.
It is Fiscal Policy.
This deals with the collection of money and where it will be used by
government. It is government that
decides where to allocate money that it has collected through taxes. It could education, infrastructure,
healthcare or law enforcement among others.
The correct answers are the following:
1. In a Presidential Democracy citizens elect the president as head of government separately from the legislature.
2. A Communist government has only a single political party. In this type of government, the party holds the power and controls the economy as well as the whole state.
3. An Autocratic government is controlled by one person with absolute power. In this kind of government, citizens do not take part in any decision and there are not mechanisms to regulate it.
4. A Democratic government is a system where all citizens that choose to vote have a say in their government. The power is exercised by the elected representatives of the people through a free electoral system.
5. In a Parliamentary Democracy the people elect the legislature, and the legislature chooses the head of government. The Parliament is a coalition of different parties and its leader is usually known as the <em>Prime Minister</em> or <em>Chancellor. </em>
Rhode Island did't attend the Constitutional Convention
