Which of the following factors does not create a demand for external audit services? a. Potential bias
Question:
Which of the following factors does not create a demand for external audit services?
a. Potential bias by management in providing information
b. Requirements of the state boards of accountancy.
c. Complexity of the accounting processing systems
d. Remoteness between a user and the organization.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
b Requirements of the ...View the full answer
Answered By
Tobias sifuna
I am an individual who possesses a unique set of skills and qualities that make me well-suited for content and academic writing. I have a strong writing ability, allowing me to communicate ideas and arguments in a clear, concise, and effective manner. My writing is backed by extensive research skills, enabling me to gather information from credible sources to support my arguments. I also have critical thinking skills, which allow me to analyze information, draw informed conclusions, and present my arguments in a logical and convincing manner. Additionally, I have an eye for detail and the ability to carefully proofread my work, ensuring that it is free of errors and that all sources are properly cited. Time management skills are another key strength that allow me to meet deadlines and prioritize tasks effectively. Communication skills, including the ability to collaborate with others, including editors, peer reviewers, and subject matter experts, are also important qualities that I have. I am also adaptable, capable of writing on a variety of topics and adjusting my writing style and tone to meet the needs of different audiences and projects. Lastly, I am driven by a passion for writing, which continually drives me to improve my skills and produce high-quality work.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing A Risk Based Approach
ISBN: 9780357721872
12th Edition
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
Question Posted:
Students also viewed these Business questions
-
MULTIPLE-CHOICE QUESTIONS 1. Which of the following factors does not create a demand for external audit services? a. Potential bias by management in providing information. b. Requirement of the...
-
Multiple Choice Questions 1. In determining the primary responsibility of the external auditor for the audit of a companys financial statements, the auditor owes primary allegiance to a. The...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Shauna immigrated to Canada in her 30s and has worked full time earning above YMPE throughout. Now she is a few years from retirement and has found out that her monthly OAS at age 65 will be $520....
-
Portfolio managers are frequently paid a proportion of the funds under management. Suppose you manage a $100 million equity portfolio offering a dividend yield (DIV1 / P0 of 5%. Dividends and...
-
Clarity Services Co., which specializes in appliance repair services, is owned and operated by Cindy Latty. Clarity Services Co.s accounting clerk prepared the unadjusted trial balance at December...
-
The table below describes a hypothetical experiment on 2400 persons. Each row of the table specifies a category of person, as defined by their pre-treatment predictor $x$, treatment indicator $T$,...
-
On, July 15, 2016, Tidnish Vessel Refitters Ltd. (Tidnish) signed a contract to refit a 25-year-old supertanker to meet new environmental standards and operate more efficiently. Tidnish has provided...
-
Given the following information, calculate the weighted average cost of capital for Puppet Corporation. (Round Intermediate calculations to 2 decimal places. Round the final answers to 2 decimal...
-
Archipelago Smiths bank account reflecting the transactions for the financial year ended December 31, 2014, is reported below. He has lost his financial statements in a flood and is asking his newly...
-
How does an audit enhance the quality of financial statements and managements reports on internal control? Does an audit guarantee a fair presentation of a companys financial statements?
-
Which of the following are the responsibilities of the external auditor in auditing financial statements? a. Maintaining internal controls and preparing financial reports b. Providing internal...
-
From the trial balance of Tupuolas Janitorial Services in Figure 2.5, prepare the following for March: Income statement Statement of owners equity Balance sheet Cash Equipment Accounts Payable L....
-
State the debit and credit entries for each of the following types of transaction: (a) transfer of completed work-in-progress to finished goods inventory. (b) recognition that finished goods...
-
How are costs remaining at the end of the accounting period carried forward.
-
The Department of Health publishes guidance to those recording the costs of health service activities. This is an extract from the Guidance manual. Costing The principles for costing in the NHS are...
-
Which special journal handles the following types of transactions? a. Cash sales b. Credit sales c. Receipts from debtors d. Payments to creditors e. Cash purchases f. Credit purchases
-
Jupiter Ltd uses multi-column cash receipts and cash payments journals, and maintains control accounts for accounts receivable and accounts payable, supported by subsidiary ledgers. Balances in the...
-
In terms of the life of the securities offered, what is the difference between money and capital markets?
-
Ex. (17): the vector field F = x i-zj + yz k is defined over the volume of the cuboid given by 0x a,0 y b, 0zc, enclosing the surface S. Evaluate the surface integral ff, F. ds?
-
Distinguish between the positive and negative forms of accounts receivable confirmations. Which confirmation type, positive or negative, is considered the more reliable? Why?
-
Identify potential fraud risk factors in the revenue cycle. What substantive audit procedures could be used to help determine if fraud has occurred in the revenue cycle?
-
Address the following questions about the confirmation of customers' accounts receivable. a. Why do confirmations not typically provide reliable evidence about the completeness assertion? b. What is...
-
Marketing objectives should be consistent with organizational objectives, be measurable, and specify the time frame during which they are to be achieved.
-
The following financial statements apply to Franklin Company: FRANKLIN COMPANY Income Statements for the Years Ending December 3 1 Year 2 Year 1 Revenues $ 2 2 0 , 1 0 0 $ 1 8 2 , 1 0 0 Expenses Cost...
-
The "commitment" in ACT refers to: Question 18 options: setting goals in accord with our values and working responsibly to achieve them. increasing our control or ability to change private events....
Study smarter with the SolutionInn App