List two advantages and two disadvantages of audit firms forming: (a) Limited liability companies (LLCs). (b) Limited
Question:
List two advantages and two disadvantages of audit firms forming:
(a) Limited liability companies (LLCs).
(b) Limited liability partnerships (LLPs).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Advantages and Disadvantages of Audit Firms Forming a Limited Liability Companies LLCs Advantages 1 Limited Liability In LLCs the personal assets of t...View the full answer
Answered By
YOGENDRA NAILWAL
As I'm a Ph.D. student, so I'm more focussed on my chemistry laboratory. I have qualified two national level exams viz, GATE, and NET JRF (Rank 68). So I'm highly qualified in chemistry subject. Also, I have two years of teaching experience in this subject, which includes college teacher as well as a personal tutor. I can assure you if you hire me on this particular subject, you are never going to regret it.
Best Regards.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
Question Posted:
Students also viewed these Business questions
-
Simon runs a news agency from an office in cardiff, the business did not need much capital to get started but simon is now keen to diversify thee business from producing not just newspaper and...
-
List two advantages and two disadvantages of having international standards for network protocol?
-
List two advantages and two disadvantages of noncompensatory models for dealing with multi-attribute decision problems. Do the same for compensatory models.
-
A Styrofoam slab has thickness h and density ps. When a swimmer of mass m is resting on it, the slab floats in fresh water with its top at the same level as the water surface. Find the area of the...
-
A 10.0-m length of wire consists of 5.0 m of copper followed by 5.0 m of aluminum, both of diameters 1.0mm. A voltage difference of 85 mV is placed across the composite wire. (a) What is the total...
-
Generally, all companies are in business to generate profits and increase shareholder value. Yet, the Canadian Marketing Association definition of marketing does not explicitly mention profits or...
-
Jerome M. Eisenberg is an antiquities dealer and a self-proclaimed expert in classical antiquities with a doctorate in Roman, Egyptian, and Near Eastern art. Maurice E. Hall Jr. is an art dealer who...
-
A sample of nine public universities and nine private universities was taken. The total cost for the year (including room and board) and the median SAT score (maximum total is 2400) at each school...
-
An 88-year-old presents to a primary care office with their daughter for concerns of a skin ulceration on the lateral ankle with hair loss. This has been ongoing for months and has recently worsened....
-
Outline the criteria that must be met in order for a liability limitation agreement between a company and its auditor to be effective.
-
Given that systems of quality control have been established in audit firms and that auditors performance is monitored by the RSBs, audit failures should be a thing of the past. Explain briefly: (a)...
-
In stating objectives, why should terms such as increase, minimize, maximize, as soon as possible, adequate, and decrease be avoided?
-
Josh needs $320 to pay off his cell phone. He can use his credit card, but the $320 payment will put him at his card limit. His other option is to take out a payday loan. His credit card has an...
-
Let if x < 1 Ax +1 B if x = 1 5-x - Ax if x > 1 Find values of A and B for which f is continuous at x = 1. f(x) = {
-
What is the initial price of the option using backwards induction? Stock Price = 216 N = T = 3 periods Risk-Free Rate = 0 Uptick Value = 2 Downtick Value = 0.5 Risk-Neutral Probability = 0.3333 216...
-
Simplify. 49-2 3 35+5x 21x
-
What is the value of sinox cosxdx?
-
A portion of the current assets section of the December 31, 2010, balance sheet for Gibbs Co. is presented here: The company's accounting records revealed the following information for the year ended...
-
Funds are separate fiscal and accounting entities, each with its own self-balancing set of accounts. The newly established Society for Ethical Teachings maintains two funds-a general fund for...
-
Roger Corporation operates in two states, as indicated below. This year's operations generated $400,000 of apportionable income. Compute Roger's State A taxable income assuming that State A...
-
State E applies a throwback rule to sales, while State F does not. State G has not adopted an income tax to date. Clay Corporation, headquartered in E, reported the following sales for the year. All...
-
Quinn Corporation is subject to tax in States G, H, and I. Quinns compensation expense includes the following. Officers' salaries are included in the payroll factor for G and I, but not for H....
-
1. Imagine a slightly altered version of Merge sort that splits the array into thirds (rather than in half), recurses on each of these three 0.333n-length subarrays, and then afterward merges the...
-
Write a C++ program for sorting an array A of n integers using the Merge Sort algorithm. First you need to implement both the MERGESORT and MERGE algorithms (shown below). The main() function of your...
-
run this code and see if it works please and thank you. Calculate.java public class Calculate { /* * polygonArea - returns the area of the polygon * @param sideCount - denotes the number of sides in...
Study smarter with the SolutionInn App