which characteristic would concern an auditor about the risk of material misstatements arising from fraudulent financial reporting

Answers

Answer 1

Based on the information given, the characteristic that would concern the auditor is professional skepticism.

It should be noted that professional skepticism simply means an attitude that includes an questioning mind and the critical assessment of an audit evidence.

Professional skepticism would concern an auditor about the risk of material misstatements arising from fraudulent financial reporting.

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Related Questions

Gidgits Galore had advertised its product as child safe around the time that the lead paint was found in the gidgits manufactured in China. Gidgits Galore cannot be held liable for advertising its product as safe when
it is unsafe.
True O False
——————————————————
Choose the term that best matches the description given.
An individual requests payment for money owed for loss of or damage to property, back rent, repayment of a bad check or payment to compensate for defective goods, etc.
1. Adversarial legal system
2. Settlement letter
3. Demand letter
4. Filing fee

Answers

Based on the information given, it can be deduced that the advertisement was inappropriate, therefore Gidgits Galore will be held responsible. The correct option is false.

From the information given, it can be inferred that even though the product wasn't safe, the company advertised the product as being safe. This is wrong and therefore, the company will be held responsible.

Demand letter is when an individual requests payment for money owed for loss of or damage to property, back rent, repayment of a bad check or payment to compensate for defective goods, etc.

In conclusion, a demand letter is simply used to state a legal claim.

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Should the organization use the cash accounting method or the accrual accounting method? Why?

Answers

Answer:accounting method

Explanation:it is much more accurate

Planing is the primary function of management.discuss

Answers

Explanation:

it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business

Which of the following is used by a seller to deceive a buyer? a. Bait and switch b. Contest c. Display d. Introductory offer Please select the best answer from the choices provided A B C D.

Answers

That which is used by a seller to deceive a buyer is: a. Bait and switch

Bait and switch is a tactic that is used by entrepreneurs to attract customers. They tell them to purchase a good at a low price.

However, when they come to buy, they are encouraged to buy a good that costs more.

So, in this way, the bait and switch tactics is used by sellers to deceive the buyers.

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Answer:

A. Bait and Switch

Explanation:

edge 2022

Charity Hospital is holding its annual gala in a fancy downtown hotel. Tickets are $200 each, and the organization estimates that the fair value of the event is $125. Purchasers of gala tickets are entitled to a charitable contribution deduction of:

Answers

Based on the amount paid for the tickets and their fair value, the portion that is entitled to charitable contribution deduction is $75.

When one buys a ticket to a charitable event, there is a chance that some of the ticket price can be treated as a charitable contribution deduction.

The part that can be treated as such is anything in excess of the fair value of the ticket. This amount in this case is:

= 200 - 125

= $75

In conclusion, the answer is $75.

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Suppose In a Snap Ltd. Just issued a dividend of $1. 25 per share on its common stock. The company paid dividends of $. 85, $. 90, $1. 04, and $1. 10 per share in the last four years. If the stock currently sells for $45, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? What if you use the geometric average growth rate?.

Answers

I have attached the answer

Lucas spends $83. 42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been able to save this money for the year and then put it into a savings account earning 1. 8% simple interest, how much money could he have in savings after 3 more years? a. $1,649. 72 b. $1,055. 10 c. $1,019. 06 d. $1,001. 4.

Answers

Answer: A

Explanation:

Based on the amount saved monthly and the simple interest earned in 3 years, the amount in savings would be $1,055.10.

The amount saved for the year would be:

= 83.42 x 12 months

= $1,001.04

If this amount was saved at simple interest at 1.8% per year, the amount in 3 years would be:

= Amount + ( Amount x rate x number of years)

= 1,001.04 + (1,001.04 x 1.8% x 3)

= $1,055.10

In conclusion, the account would have $1,055.10

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For a broker to have affiliates, real estate must be the broker's main occupation and the broker must be

Answers

Answer:

financially stable.

Explanation:

must have financial capabilities

When Molly broke a clipboard over her knee and then hurled the broken pieces toward her employees, she was creating ________ conflict.

Answers

Based on sociological context, when Molly broke a clipboard over her knee and then hurled the broken pieces toward her employees, she created a personality clash conflict.

What is a Personality Clash Conflict?

Personality Clash Conflict is a conflict that usually occurs at a workplace. It usually involves a situation where employees perceive the action of a superior or employer as inappropriate or disrespectful.

Given that the activities conducted by Molly may be perceived as inappropriate or disrespectful by her employees, this is an example of Personality Clash conflict.

Hence, in this case, it is concluded that the correct answer is Personality Clash Conflict.

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Write a paragraph talking about what happens through out a work day 

Answers

Answer:

I fulfilled management tasks of opening and closing the facility, as well as overseeing a staff of seven individuals. Throughout the day I completed various administrative duties as well, including answering phones, drafting documents and emails, filing, and greeting customers.

u can also use this if u like

I fulfilled control tasks of beginning and closing the facility, as well as overseeing a body of workers of seven people. in the course of the day I completed numerous administrative duties as properly, together with answering telephones, drafting files and emails, submitting, and greeting customers.

Explanation:

Lopez Corp. Incurred €420,000 of research costs to develop a product for which a patent was granted on January 2, 2014. Legal fees and other costs associated with registration of the patent totaled €80,000. On March 31, 2019, Lopez paid €130,000 for legal fees in a successful defense of the patent. The total amount capitalized for the patent through March 31, 2019 should be.

Answers

The total amount capitalized for the patent is $210,000. A patent is termed as the exclusive rights of the owner on its invention or the discovery.

What is patent?

The patent is the license that this is the creation of the individual and cannot be copied by anyone else and if copied shall be liable for punishment.

Computation of the capitalized amount for the patent:

Calculation of the total capitalized amount for the patent is:

[tex]\begin{aligned}\text{Capitalized Amount for Patent}&= \text{Legal fees and other costs}+\text{Legal fees}\\ \text{Capitalized Amount for Patent}&= \$ 80,000+\$ 130,000\\\text{Capitalized Amount for Patent }&= \$ 210,000\end{aligned}[/tex]

Therefore, the correct capitalized amount for the patent is $210,000.

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What can the government do to reduce consumer demand for loans?

Answers

Answer:

Increase interest rates

Explanation:

The higher the interest rates that consumers have to pay may dissuade them from borrowing.

what is 450x12 PLZ HELP ME I NEED HELP

Answers

Answer:

5400

quick and easy  thank u

4/ "People 3. How can you are attracted to the poultry farming these days" Explain with practical examples.people are attracted to the poultry farming these days explain with particle example ​

Answers

we can attracted to the poultry farming these days by saying eveyone to involve in this work and be excited

Which leadership style is most useful when time is abundant, quality output is essential, and enthusiasm and motivation from the employees needs to be generated

Answers

Answer:

Authoritarian

Explanation:

Motivates workers and makes them stay on top of things

What was one result of the Bretton Woods system?
A. The U.S. dollar became backed by gold for the first time.
B. The U.S. dollar was no longer accepted in most countries.
C. The U.S. dollar became more valuable and influential.
D. The U.S. dollar lost its status as the world's reserve currency.

Answers

One of the results of the Bretton woods system was that the U.S dollar became more valuable and influential.

What is Currency?

Currency is a medium for exchange for goods and services. It is a form of legal tender approved by the government and accepted by all as a means of exchange.

The U.S dollar is a popular form of currency that is accepted by most countries as a form of exchange. After the Bretton Woods system was adopted, the U.S dollar became more influential and valuable to many.

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one difference between monopolistic competition and oligopoly is that firms in monopolistic competition are assumed to:

Answers

Answer:

Monopolistically competitive firms are assumed to independently set the price of their differentiated product.  

Explanation:

Monopolistic competition and oligopoly are two types of market structure.

Definitions:Monopolistic competition

Monopolistic competition is characterized by several competing sellers in an industry with differentiated products. In this market structure, monopolistically competitive firms have lesser barriers to entry or exit. Additionally, the consumers view the monopolistically competitive firms' products as somewhat different from the goods produced by competing firms. However, the consumers view those competing products as close substitutes.  Thus, product differentiation is crucial in the success and longevity of monopolistically competitive firms.  Product differentiation is the process of attracting customers by creating a feature or image that will make a product stand out or distinguishable from the existing products in the market.  Through product differentiation, monopolistically competitive firms can have some control over setting prices on their products, which gives them limited market power.  Although, the amount of products that the firms could sell is also contingent on the number and prices of existing substitute products in the market.

Oligopoly

In contrast, oligopoly is a type of market structure characterized by a handful of major producers that have the power to influence to set the prices of their goods through price leadership.  The actions taken by an oligopolist may significantly affect the sales of other firms in the same industry—when a leading oligopolistic firm increases its price, the other firms will likely follow suit. Hence, the prices of comparable goods are often similar.  

Under this market structure, firms have a cost advantage compared to smaller firms due to increasing returns to scale. This means that the oligopolists could produce their products in larger volumes using lesser inputs.  It is also difficult for new entrants to enter an oligopolistic industry due to lack of sufficient capital investment.  

By understanding the competency gaps that are generally perceived by employers, you should Multiple Choice be motivated to learn. seek high levels of achievement. believe in personal control of destiny. share diverse experiences.

Answers

All answers could be correct.
You should be motivated to learn more about your employees needs
Learning in organisations is always related to striving for better
People learn best when they have ownership of learning goals and outcomes
Diverse experiences are the source of great learning, providing that learners get help in reflection

A thrifty shopper wants to purchase a new phone that is made with quality parts. What factors should they consider?
High quality phones contain rare earth metals that are a less scarce resource and cost less to the consumer.
High quality phones contain rare earth metals that are a less scarce resource and cost more to the consumer.
High quality phones contain rare earth metals that are a more scarce resource and cost more to the consumer.
High quality phones contain rare earth metals that are a more scarce resource and cost less to the consumer.

Answers

People have different kinds of preference. The factor that should they consider is High quality phones contain are earth metals that are a more scarce resource and cost more to the consumer.

There are some traces of Rare earth metals in different quantities found in smartphones. They includes; Neodymium, dysprosium, praseodymium, terbium, etc., which are found inside displays and other electronic parts of smartphones.

These rare earth metals used in high quality smartphones is known to  give a   striking  beautiful colors such as green, blue, etc., due to their luminescent property. They are known to also make smart-phones vibrate amidst other functions.

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Answer:

C

Explanation:

If Honduras wanted to trade goods with China, how would they negotiate the treaty? A. Through the WTO B. At a meeting of business executives C. Through representatives elected from each country D. Through a multinational corporation.

Answers

Answer: they would do it though A, the WTO. hope this helps!

Explanation:

Answer:

A

Explanation:

The penalty for nonqualified distributions from a health savings account (HSA) is __________.

Answers

If you take a non-qualified distribution, you are subject to ordinary income tax on the distribution and a 20% penalty tax. The penalty may not apply: if you are age 65 or older, if you are disabled or.

What type of transportation is used for mass movement of bulk cargo in the Philippines considering that it is an archipelago.

Answers

Answer:

It is a container ship because Philippines is an archipelago which means it is surrounded by water and a container ship is the only way to transport bulk cargo in and out of Philippines.

Is Mark Zuckerburg a robot? cuz he sure looks like one

Answers

Answer:

he is lol

Explanation:

Answer:

hell yea i agree the dude's hella sus

most e-commerce actually takes place between businesses. what is this called?

Answers

OUR MATCHLESS HOLY TRUE LIVING SAVIOUR  CHRIST JESUS LOVES US ALL. OUR MATCHLESS HOLY TRUE ING CREATOR LOVES YOU . CONTINUE TO HAVE A BLESS DAY, WEEK, MONTH, AND YEAR.

Business-to-business (B2B) e-commerce refers to the electronic exchange of products, services or information between businesses rather than between businesses and consume.

How do premium, copay, coinsurance, deductible, and out-of-pocket maximum all work together in the world of health insurance?

Answers

You pay any remaining deductible plus the coinsurance payment percentage. For example, let's say your coinsurance is 20 percent, meaning you're responsible for paying 20 percent of any doctor's bill. ... Once your out-of-pocket maximum has been met the plan pays 100 percent for covered in-network services

Professional real estate trade associations and state real estate Commissions help guide real estate licensees in the practice of their profession by creating A) a code of ethics. B) a special category of licensing for those who work free of charge for in-need clients. C) a business model for real estate professionals. D) a list of real estate licensees who promise to act ethically.

Answers

The real estate associations and Commissions help to guide the real estate licensees by creating the code of ethics.

Code of ethics refers to those set of principles which are required to guide professionals in the conduct of their business with integrity.

The real estate associations and Commissions help to guide the real estate licensees by creating the code of ethics.

The Realtors' Code of Ethics is divided into three major sections which includes:

Duties to Clients and CustomersDuties to the PublicDuties to Realtors.

Therefore, the Option A is correct.

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How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.

Answers

Answer:

A

Explanation:

net worth is based on assets and income so if assets decrease your net worth decreases

Cisco is a 16-year-old with a part-time job. He makes $100 per week and spends $50 on car insurance each week. This is his only income and his only expense. Which type of budget would be easiest for Cisco?

A. a software-based budget

B. a mental budget

C. a physical budget

D. a written budget

Answers

Hi!

I think a mental budget would be best. If he only gets $100 a week and spends $50 of that on car insurance, he could simply remember that he makes a profit of $50 a week. It's not complex so a mental budget would be best.

Hope this helps :D

mental budget is the answer B

GDP refers to: *
1 point
Government Development Plan
Gross Demand Payment
Gross Domestic Product
Gross Domestic Plan

Answers

GDP refers to Gross Domestic Product.

Answer:

Gross Domestic product

Explanation:

GDP of a country is defined as all incomes from tax,share market etc domestic incomes.It is calculated either quarterly of 4months/3months or annually.

Help please.

You have just been hired by a firm in a large city. The organization has two locations with office buildings of four stories or less. It employs about sixty people. As part of your new job, you have been asked to draft a new company safety policy, because the one in place is several years old and no longer useful.

Assignment Directions.
Part 1. Write a short one-paragraph (less than 150 words) introduction to the policy. Be sure to address your audienc

Part 2. construct a table of contents

Part 3. Write an outline of the topics covered in your policy.


Assignment Guidelines.
Be titled: (insert fictional company name here) Workplace Saftey Policy and Procedure.

Include a minimum of seven and maximum of ten main topics in your policy outline.

Answers

Answer:

HEALTH AND SAFETY STATEMENT

1. This is how this organization will manage its health and saftey responsibillities

2. We will manage health and saftey by...

2.1 Controlling the saftey risks at work.

2.2 Involving employes on health and saftey issues that affect them

2.3 Making sure any equipment used is clean, and safe

2.4 Make sure to be careful with dangerous substances and have them secured

2.5 Don't speak with anybody on the outside about the job so nothing happens

Explanation:

I tried man

To write a new safety policy for the company, it is necessary to guarantee the compliance of information for all 60 employees, through information through different channels, such as meetings, e-mails, information panel, etc.

Assuming your safety policy is targeted at a textile industry, the statement could be:

YXZ Textile Clothing Workplace Safety Policy and Procedure:All employees must wear suitable PPE in production areas.

The starting, starting and stopping of production machines is only allowed by authorized personnel.

Work equipment must be properly maintained and stored in their respective locations.

Chemicals must only be handled in the areas and by authorized personnel.

Upon finding any breach of security or work processes, the employee must instantly report it to their supervisor.

Changing the layout of machinery and any other physical component of the workplace is not permitted.

It is essential to dispose of garbage and discarded material in appropriate places.

Therefore, it is essential that a company's safety policy is aligned with its performance and configuration, and promotes employee safety, quality and preservation of physical and mental health.

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