auditing standards issued by the u.s. general accountability office include specific reference to ethical requirements relating to an audit of financial statements, however, auditing standards issued by the auditing standards board do not address ethics. true or false
Answers
False. Auditing standards issued by the Auditing Standards Board (ASB) do include specific reference to ethical requirements relating to an audit of financial statements. The ASB's Statement on Auditing Standards No. 122, "Codification of Auditing Standards and Procedures," specifically includes a section on "Ethics, Independence, and Professional Judgment."
This section outlines the ethical principles and requirements that auditors must follow, such as objectivity, integrity, confidentiality, and professional skepticism. Additionally, the ASB has issued several other standards and guidance related to ethics in auditing, including standards on independence and the Code of Professional Conduct. The statement is false. Auditing standards issued by both the U.S. General Accountability Office (GAO) and the Auditing Standards Board (ASB) include specific reference to ethical requirements relating to an audit of financial statements. GAO's standards, known as Government Auditing Standards, contain ethical principles, while ASB's standards, known as Generally Accepted Auditing Standards (GAAS), also address ethics through the AICPA's Code of Professional Conduct. Both sets of standards emphasize the importance of auditor independence, integrity, and objectivity in ensuring reliable and accurate financial statement audits.
To know more about Auditing standards visit:
https://brainly.com/question/24317218
#SPJ11
Related Questions
An oil company hires an engineering firm to help them comply with environmental laws. What is this an example of?
Answers
Answer:
Human Capital
Explanation:
The engineering firm has the experience and certain skills that are able to help defining a Human Capital.
Schedule Performance Index is the ratio of the amount of work
performed to what was scheduled to be performed. Select one: True
False
Answers
The Schedule Performance Index (SPI) is indeed the ratio of the amount of work performed to what was scheduled to be performed.
Schedule Performance Index (SPI) Calculation?It is a measure used in project management to assess the efficiency of schedule performance.
The SPI is calculated by dividing the earned value (the budgeted cost of work performed) by the planned value (the budgeted cost of work scheduled).
Mathematically, the formula for calculating the SPI is:
SPI = Earned Value (EV) / Planned Value (PV)
An SPI value greater than 1 indicates that the project is ahead of schedule, meaning more work has been accomplished than planned.
An SPI value equal to 1 suggests that the project is on schedule, with the actual work performed aligning with the planned schedule.
Conversely, an SPI value less than 1 indicates that the project is behind schedule, and the work performed is less than what was scheduled.
Learn more about: Schedule Performance
brainly.com/question/30158680
#SPJ11
The Schedule Performance Index (SPI) is a project management metric used to measure the efficiency of work performed compared to what was originally scheduled. It provides insight into whether a project is ahead of schedule, on schedule, or behind schedule. True
What is the Schedule Performance Index (SPI) and how is it calculated?The SPI is calculated by dividing the earned value (EV), which represents the budgeted cost of work actually performed, by the planned value (PV), which represents the budgeted cost of work scheduled to be performed. Mathematically, the SPI formula is: SPI = EV / PV.
The resulting SPI value indicates the project's schedule performance. If the SPI is greater than 1, it signifies that the project is ahead of schedule, meaning more work has been completed than planned. A value less than 1 indicates that the project is behind schedule, and a value equal to 1 suggests that the project is on schedule.
The SPI is a useful tool for project managers to monitor and assess the timeliness of project activities and make necessary adjustments to ensure project success.
Learn more about Schedule Performance Index
brainly.com/question/32096456
#SPJ11
Candace works for a small marketing firm that focuses on ads that pop up on social media web pages. Candace most
likely works in
O Marketing Research.
O Professional Sales.
O E-Marketing.
O Distribution and Logistics.
Answers
Answer:
O E-Marketing.
Explanation:
E-marketing is Electronic marketing. It is also known as online marketing and refers to marketing done through the internet. E-marketing combines traditional marketing concepts with modern technology. It involves marketing a company's products and services through the internet using computers and mobile devices as mediums.
Answer:
E-Market
Explanation:
Did on edge
A loan of $990 was repaid at the end of 6 months with a check for $1,010. What annual rate of interest was charged? The annual rate of interest was charged at %. (Round to two decimal places as needed
Answers
The annual rate of interest charged is approximately 4.04%.
To calculate the annual rate of interest charged, we can use the simple interest formula:
Interest = Principal x Rate x Time
Given that the loan amount (Principal) is $990, the repayment amount is $1,010, and the time is 6 months, we can calculate the interest as follows:
Interest = $1,010 - $990 = $20
Now, let's calculate the annual rate of interest using the formula:
Rate = (Interest / Principal) x (1 / Time) x 100
Rate = ($20 / $990) x (1 / (6/12)) x 100
Rate ≈ 4.04%
Therefore, the annual rate of interest charged is approximately 4.04%.
To know more about annual rate, visit
https://brainly.com/question/33483948
#SPJ11
suppose the federal government observes an increase in gross investment. examine this event in terms of the aggregate demand and aggregate supply model.
Answers
When the federal government observes an increase in gross investment, it has implications for both the aggregate demand (AD) and aggregate supply (AS) in the economy.
From the perspective of aggregate demand, an increase in gross investment contributes to an increase in overall spending in the economy. Investment is one of the components of aggregate demand, along with consumption, government spending, and net exports. An increase in investment leads to an increase in the AD curve, as it reflects an increase in demand for goods and services.
On the other hand, from the perspective of aggregate supply, an increase in gross investment can have positive effects on the productive capacity of the economy. Investment is often directed towards the acquisition of physical capital, such as machinery, equipment, and infrastructure. This increase in physical capital can enhance productivity, efficiency, and technological advancements, which can lead to an increase in aggregate supply.
Overall, an increase in gross investment has the potential to stimulate economic growth, increase demand for goods and services, and enhance the productive capacity of the economy. It can contribute to a positive cycle of increased investment, higher output, and potentially higher employment levels, leading to an expansionary effect on the aggregate demand and aggregate supply model.
Learn more about economy here
https://brainly.com/question/28210218
#SPJ11
Which is the best definition of insurance:
A. Insurance lets you pay your bills.
B. Insurance lets you pay a little for protection you might need.
C. Insurance is an expensive way to pay your bills.
D. Insurance costs a lot, but doesn’t pay for much.
Answers
Answer:
I'm trying to decide between B and D, but I think it's D
Explanation:
Insurance does cost a lot, but it's so you have a bit more protection if something happens.
For example:
Let's say you get into a car accident, and you need to stay in the hospital to recover, because you broke a bone, and afterward, you need a prescription of pain medicine. Insurance would pay for your hospital stay I believe, and also pay for part of your prescription. But it costs a lot of money, and your prescription might be really expensive, and there might have been something with your hospital stay that insurance didn't pay for. So basically, Insurance costs a lot, but doesn't pay for much (answer D).
The owners of charlotte’s fine chocolates research current trends to come up with new flavors for their chocolates. they are concerned with ____ strategy.
business-level
functional-level
corporate-level
Answers
The owners of Charlotte's Fine Chocolates are concerned with the functional-level strategy when researching current trends to come up with new flavors for their chocolates.
Each level of strategy focuses on different aspects and plays a specific role in achieving the organization's overall objectives. The owners of Charlotte's Fine Chocolates, who research current trends to develop new flavors for their chocolates, are primarily concerned with the functional-level strategy. The functional-level strategy focuses on specific departments or functions within the organization and outlines how these functions can contribute to the overall business strategy. In this case, the owners' research on current trends and the development of new flavors directly relate to the functions of product development and innovation within the business. By staying up to date with market trends and continuously introducing new flavors, they aim to differentiate their products, meet customer demands, and gain a competitive advantage. While the business-level strategy encompasses broader decisions regarding market positioning, target customers, and competitive advantage, the owners' research activities and flavor development specifically address the functional-level strategy within the realm of product development and innovation.
Learn more about functional-level strategy here:
https://brainly.com/question/30644978
#SPJ11
In your own words, explain the difference between stocks and bonds.
Answers
Answer:
Stocks give you partial ownership/percentage of the company lets say McDonald's or something. while bonds are a loan from you to the company like a bank.
Explanation:
Which of the following is not an example of how you can reduce the full
cost of higher education?
Answers
The method used to lower the full cost of higher education is not as follows. As soon as you can, purchase every book from the bookstore.
How can the price of education be lowered?Think about dual enrollment.
Attend a community college first.
Examine the many housing possibilities.
Pick the appropriate menu.
Purchase no new textbooks.
Earn money while attending classes.
Look into all of your available help.
Take good care of your student loans.
What higher education expenses are not deemed to be additional costs?The cost of attending a college or university includes tuition, books, transportation, and room & board.
When figuring out how to pay for college, which of the following should you think about first?The Free Application for Federal Student Aid, or FAFSA, should be filled out by families that are worried about how to pay for college, according to experts. By doing this, you can access a variety of financial aid opportunities, such as loans, grants, and scholarships.
To Know more about bookstore.
https://brainly.com/question/28571698
#SPJ1
If sales at a coffee shop increase:
a) variable costs per unit will decrease b) total variable costs will increase c) fixed costs will increase d) total variable costs will decrease
Answers
If sales at a coffee shop increase, the correct answer would be b) total variable costs will increase. This is because variable costs are expenses that increase or decrease with changes in production or sales volume.
Examples of variable costs for a coffee shop may include the cost of coffee beans, milk, and cups. As sales increase, so does the need for ingredients and supplies to produce more coffee.
It is important to note that while variable costs per unit may remain constant or even decrease slightly due to economies of scale, the total variable costs will still increase as more units are produced and sold. This is because the increase in sales leads to an increase in the number of units produced and sold, which in turn increases the amount of variable costs incurred.
Fixed costs, on the other hand, remain the same regardless of changes in sales volume. Examples of fixed costs for a coffee shop may include rent, salaries, and insurance premiums. These costs do not fluctuate based on sales volume and therefore would not increase as a result of an increase in sales.
In conclusion, an increase in sales at a coffee shop would lead to an increase in total variable costs due to the increased need for ingredients and supplies. Fixed costs would not be affected by changes in sales volume.
learn more about variable costs here
https://brainly.com/question/31811001
#SPJ11
which of the following strategies may be used to alter a firm's capital structure toward a higher percentage of debt compared to equity? a. maintain a low dividend payout ratio b. share repurchase c. stock split d. stock dividend
Answers
a firm's capital structure towards a higher percentage of debt compared to equity can be achieved through various strategies such as issuing more debt, decreasing dividend payouts, share repurchase, stock split, and stock dividend.
There are various strategies that a firm can use to alter its capital structure towards a higher percentage of debt compared to equity. Among these strategies are:
1. Increase the issuance of debt: This is perhaps the most straightforward approach to increasing the percentage of debt in a firm's capital structure. By issuing more debt, a company can increase its leverage and decrease the proportion of equity in its capital structure. This can be achieved through issuing bonds or taking out loans from financial institutions.
2. Decrease dividend payouts: By maintaining a low dividend payout ratio, a company can retain more of its earnings and use them to pay off debt. This can reduce the proportion of equity in a company's capital structure, as less money is paid out to shareholders.
3. Share repurchase: A share repurchase program involves a company buying back some of its own outstanding shares from the market. This can lead to an increase in the value of remaining shares, which may make debt financing a more attractive option for the company.
4. Stock split: A stock split is a process where a company increases the number of outstanding shares by dividing existing shares. This can make the shares more affordable for investors, leading to an increase in demand and a rise in the value of the company's stock. This can make it easier for the company to issue more debt as the value of equity increases.
5. Stock dividend: A stock dividend is a distribution of additional shares to existing shareholders instead of cash. This can increase the number of outstanding shares, which can decrease the proportion of equity in a company's capital structure.
In conclusion, It is essential for a company to evaluate these strategies and determine which approach is best suited for its specific financial situation and long-term objectives.
To know more about stock visit:
brainly.com/question/31476517
#SPJ11
A very large company would be most likely to have a(n)\ at the head of its accounting department.
Answers
Answer:
the answer is
CHIEF FINANCIAL OFFICER
How education is medium to enhance the ability of human beings?
Answers
The general education of a populace enhances the overall ability of humans by allowing a greater number of humans to be given the (intellectual) tools necessary (in agreence with Rene Descartes theory of obtaining “new knowledge” to improve upon previously held inclinations or even create new ones in order to increase efficiency or another set of reasons one might alter their natural inclinations. With that being said, general education is a tool that, when used properly, can be used to increase the overall ability of humans by means of increased intellectual ability.
Positive economic statements ________, and normative economic statements ________. a. relate to whether outcomes are good or bad; are value-free statement
Answers
Positive economic statements are precise and normative economic statements are value-free statement.
What are positive and normative economic statements?
The positive economics statement can be described as one that is concerned with the development as well as the testing of positive statements.
While the Normative statements are been gotten as as result of opinion or a point of view because they are those statement that cannot be proven .
Read more about Positive economic statements ;
https://brainly.com/question/14300080
#SPJ1
What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Answers
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options "Couples only Empty nesters No bicycles allowed Senior discount"
Read more about Discount
brainly.com/question/912869
A company paid dividends of $15,000, generated total sales of $845,000, and incurred total expenses of $792,000 in the current year. If ending retained earnings is $165,000, what was beginning retained earnings?
Answers
Answer:
The beginning retained earnings will be "127,000".
Explanation:
The given values are:
Total sales,
= $845,000
Company paid,
= $15,000
Total expenses,
= $792,000
Retained earning,
= $165,000
Now,
⇒ \(Retained \ earning \ this \ year = Profits-Dividends\)
⇒ \(=845,000-792,000 -$15,000\)
⇒ \(=38,000\)
and,
⇒ \(Beginning \ retained \ earnings = Ending \ RE-this \ year \ RE\)
⇒ \(=165,000-38,000\)
⇒ \(=127,000\)
clay offers to pay dot $50 for a golf lesson for erin. they agree to meet the day after tomorrow to exchange the cash for the lesson. these parties have
Answers
The parties offering to pay $50 for a golf lesson for Erin and agreeing to meet the day after tomorrow to exchange the cash for the lesson are known as the "contracting parties."
In legal terms, a "contracting party" refers to the parties that are bound by a legal agreement. In the given scenario, Clay and Erin are the contracting parties since they are the ones who have entered into a contract for a golf lesson.
A contract is a legal agreement between two or more parties that is enforceable by law. It is an agreement in which both parties agree to do something or to refrain from doing something. The terms of the contract must be clearly defined, and both parties must agree to them.
In this case, Clay has agreed to pay Erin $50 for a golf lesson, and Erin has agreed to teach Clay golf.
In conclusion, the contracting parties in the given scenario are Clay and Erin, who have entered into a contract for a golf lesson. The agreement between the two parties is legally binding and can be enforced by law.
To know more about contracting parties click here:
https://brainly.com/question/29834663
#SPJ11
is how much, or the quantity of a product or service that is desired by buyers at a given price.
Supply
Demand
Market economy
Command economy
Answers
My explanation would be the fact that demand means how much a target market wants a certain product.
the people who use the products and services purchased for a household are called
Answers
Answer:
people who use the products and services purchased for a household are called consumers.
Answer: Consumer.
Explanation:
An individual who buys products or services for personal use and not for manufacture or resale. A consumer is someone who can make the decision whether or not to purchase an item at the store, and someone who can be influenced by marketing and advertisements. Anytime someone goes to a store and purchases a toy, shirt, beverage, or anything else, they are making that decision as a consumer.
The opportunity cost of watching a movie will be equal to;
А) The time lost while watching the show
B)The pleasure that could have been enjoyed watching TV instead
С )The pleasure enjoyed by watching the show
D) The amount paid to buy the tickets
Answers
Answer:
А) The time lost while watching the show
Explanation:
Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up.
A and D seems correct, but the wording on D makes A the better answer.
Please help me!
I need the company name of every logo here
Answers
Answer: I only know a little more than half of them but yeah here ya go
Going left to right:
2: BP (oil)
4: Apple
5: Honda
6: Shell (oil)
8: Chanel
11: playboy
13: bank of america
16: American eagle outfitters
17: Panther
18: NBC news
28: Starbucks
29:Aussie (Kangaroo)
30: McDonalds
34: Wikipedia
39: T-Mobile
46:Red bull
48: Windows
61: Adidas
63: Monster energy drinks
64: Hannaford
66: Moto
68:pringles
Last one: pepsi
Explanation:
Which statement reports the changes in shareholders' equity during the period that were not a result of transactions by owners.
Answers
Answer:
the statement of comprehensive income
Explanation:
The statement of comprehensive income refers to a summary in which the net assets are to be recognized for a particular period of time. It shows the adjustments made to the equity that would be highlighted also. Plus the net income could be determined by preparing an income statement
Therefore in the given case, the changes that are made in the stockholder equity would be come under the comprehensive income statement and the same is to be considered
which of the following statements is correct? a. one advantage of the npv over the mirr method is that npv takes account of cash flows over a project's full life whereas mirr does not. b. one advantage of the npv over the mirr method is that npv discounts cash flows whereas the mirr is based on undiscounted cash flows. c. one advantage of the npv over the irr is that npv takes account of cash flows over a project's full life whereas irr does not. d. since cash flows under the irr and mirr are both discounted at the same rate (the cost of capital), these two methods always rank mutually exclusive projects in the same order. e. one advantage of the npv over the irr is that npv assumes that cash flows will be reinvested at the cost of capital, whereas irr assumes that cash flows are reinvested at the irr. the npv assumption is generally more appropriate.
Answers
One advantage of NPV over MIRR is that it considers cash flows throughout the course of a project's whole life, whereas MIRR does not.
One benefit of NPV over IRR is that NPV considers cash flows throughout the course of a project's whole life, whereas IRR does not. The fact that the NPV assumes cash flows will be reinvested at the WACC rather than the IRR, which assumes that cash flows are reinvested at the IRR, is one advantage of NPV over IRR.
In general, the NPV assumption is more appropriate. These two approaches always rank projects that are mutually incompatible in the same order since the cash flows under the IRR and MIRR are both discounted at the same rate (the WACC). The fact that the NPV technique discounts cash flows while the MIRR method is based on undiscounted cash flows is one benefit over the MIRR method.
Read more about mirr method at
https://brainly.com/question/29429783
#SPJ4
what is dimensional equation
Answers
Answer:
Equations obtained when we equal a physical quantity with its dimensional formulae are called Dimensional Equations.
When considering most goods in most markets we would likely observe thata. they are quasi-public goods. b. they are public goods. c. they are private goods. d. they are common resources.
Answers
When considering most-goods in most markets we would observe that (a) they are quasi-public goods.
The Quasi-public goods are defined as goods that possess some characteristics of public goods but also some characteristics of private goods.
The goods that are not fully excludable can be considered quasi-public goods.
The Examples include cable television, toll roads, and natural resources such as oil and gas. These goods are excludable to some extent but are still accessible to a larger population.
The consumption of these goods by one individual may not significantly reduce the availability of the good for others, but overconsumption can lead to depletion of the resource.
Therefore, the correct option is (a).
Learn more about Quasi-Public Goods here
https://brainly.com/question/15967177
#SPJ4
The given question is incomplete, the complete question is
When considering most goods in most markets we would likely observe that
(a) they are quasi-public goods.
(b) they are public goods.
(c) they are private goods.
(d) they are common resources.
Which statement describes a benefit of credit cards over debit cards
Answers
Answer:
A
Explanation:
Credit cards allow you to buy things even without the full funds.
Debit cards do not.
HURRYY !! Which career pathway has the highest degree of self-employment?
A. Law Enforcement Services
B. Corrections Services
C. Legal Services
D. Security and Protective Services
Answers
Answer:
either B or C but I am going with C
Explanation:
I mean, Legal services, you are a lawyer or equal to that job.
Answer:
The answer is D
Explanation:
Which of the following defines the objectives of a project?
A) something that is required or in demand
B) targets and destinations for the project
C) statements of what the project will accomplish
D) all of the activities necessary for the project
Answers
statements of what the project will accomplish
Answer: D. all of the activities necessary for the project
Explanation: boss baby approved
John buys a used car for $5,400 and spends $600 on new parts, made in the U.S., to fix the car. The end result of these two transactions isa. U.S. consumption purchases increase by $5,400 and U.S. GDP increases by $5,400.b. U.S. consumption purchases increase by $6,000 and U.S. GDP increases by $6,000.c. U.S. consumption purchases increase by $600 and U.S. GDP increases by $600.d. U.S. consumption purchases increase by $600 and U.S. GDP increases by $6,000.
Answers
Answer:
C
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625