What is periodical audit? What are the advantages and disadvantages of periodical audit? Distinguish between continuous audit
Question:
What is periodical audit? What are the advantages and disadvantages of periodical audit? Distinguish between continuous audit and periodical audit.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Hamza Amjad
Currently I am student in master degree program.from last two year I am tutring in Academy and I tought many O/A level student in home tution.
4.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
QUIZ... Let D be a poset and let f : D D be a monotone function. (i) Give the definition of the least pre-fixed point, fix (f), of f. Show that fix (f) is a fixed point of f. [5 marks] (ii) Show that...
-
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
-
Design a Java class that represents a cache with a fixed size. It should support operations like add, retrieve, and remove, and it should evict the least recently used item when it reaches capacity.
-
The bookkeeper of Cinnamon Ltd. who is usually responsible for the bank reconciliation is on holiday. Before she left she asked you to do this task for her. On March 31, you are given the bank...
-
Calculate the magnetic flux through the area enclosed by a 300-turn, 7.20-mH coil when the current in the coil is 10.0 mA.
-
Is there a difference in the satisfaction rating of traditional cellphone providers who bill for service at the end of a month often under a contract and prepaid cellphone service providers who bill...
-
Lookback options are a family of exotic, path-dependent options where the payoff depends on the maximum or the minimum price of the underlying asset, observed along the sample path up to maturity....
-
Beate Klingenberg manages a Poughkeepsie, New York, movie theater complex called Cinema 8. Each of the eight auditoriums plays a different film; the schedule staggers starting times to avoid the...
-
Who of you have worked in an environment where there are high expectations and management has expected you to perform at the same level as more seasoned employees? When this is a nurse on the floor...
-
What is continuous audit? In which case is this audit applicable? State the advantages and disadvantages of continuous audit.
-
What is statutory audit? Describe the points of differences between statutory audit and nonstatutory audit.
-
Gluxman Company sells 10,000 units at $25 per unit. Variable costs are $22 per unit, and fixed costs are $20,000. Determine (a) The contribution margin ratio, (b) The unit contribution margin , (c)...
-
Discuss the steps managers in businesses can take to ensure that the insight available from different marketing platforms is actionable.
-
What are the key features of securities markets regulation?
-
What are the main reports in Google Analytics that can be used regularly to report on digital marketing effectiveness?
-
Businesses need customer insight to monitor and improve their marketing effectiveness, but customers want their privacy to be respected by limiting insights available. How can businesses resolve this...
-
Write out the equation for the Security Market Line (SML) and graph it.
-
For each of the following scenarios, identify whether the event described is an actual liability, a contingent liability, or not a liability. (a) Apple Inc. has used the toxic substance, iocaine...
-
Design an experiment to demonstrate that RNA transcripts are synthesized in the nucleus of eukaryotes and are subsequently transported to the cytoplasm.
-
How does the level of sampling relate to audit risk?
-
You are part of the audit team auditing the financial statements of Monckton Ltd for the year ended 30 April 2021. As part of the audit planning, you are applying analytical procedures to the draft...
-
You are the audit senior of Bobo Ltd, a manufacturer of electrical goods. You have been asked to design audit tests for part of the purchases system. Key aspects of the system you are reviewing are:...
-
Suppose $sp contains Ox10FFFFFC, $t0 contains 63, and $t1 contains 72. After running the following lines of code, what values will each register contain. NOTE: If the value in any of your answers is...
-
(18 pt) Suppose you have analyzed a benchmark that runs on your company's computer and it has the following characteristics in the table with 500MHz processor. Instruction Type Arithmetic and logical...
-
4) Give the value in sum after the following statements are executed: int sum, k, i, j; int x[4][4]={{5,6,7,8), (1,2,3,4), (9,8,7,3},{2,1,7,1}}; sum=0; for(i=1;i (40)/0 1
Study smarter with the SolutionInn App