What is the independence standard? Why is it important that users perceive auditors to be independent? Can
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Independence means objectivity and freedom from bias T...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Question Posted:
Students also viewed these Auditing questions
-
Why is it important that users perceive auditors to be independent? What is the difference between being independent in fact and being independent in appearance?
-
Ques 5 : Size - 3 8 Calculate SD from deviation mean. (10 Marks) f eo 2 10 20 15 10 10 15
-
Why is it important that cells other than reticulocytes not synthesize heme-controlled repressor?
-
The balance sheet of Lamont Bros. follow: (a) What portions of Lamont's assets were provided by debt, contributed capital, and earned capital? Reduce contributed capital by the cost of the treasury...
-
Suppose you want to do the job described in Problem 6 by slab milling. You have selected a 6-in.-diameter cutter with an eight tooth TiN coated HSS cutter. The cutting speed will be 500 sfpm and the...
-
Portable electric heaters are commonly used to heat small rooms. Explain the energy transformation involved during this heating process.
-
The radial component of velocity of water leaving the centrifugal pump sketched in Fig. P12.7 is \(45 \mathrm{ft} / \mathrm{s}\). The magnitude of the absolute velocity at the pump exit is \(90...
-
1. How is cultural communication in India similar to that of Europe and North America? How is it different? 2. What kind of managerial relationships could you assume exist between the American...
-
How would you describe a highly effective leader in data science environment? Why?
-
A nutrition plan app has a subscription that costs $10/month. The following chart gives average historical renewal rates for subscribers based on how many months they have been a subscriber. Month 1...
-
What are the major procedures an audit firm can implement to help ensure that audits are conducted in accordance with due professional care?
-
What four objectives are the reporting standards designed to accomplish?
-
The following account titles and balances were taken from the adjusted trial balance of Omar Farm Co. for 2013. The company uses the periodic inventory system. Account Title Balance Sales returns and...
-
Vector \(\vec{A}\) points to the right, as does the positive \(x\) axis. (a) Express this vector in unit vector notation. (b) Now flip \(\vec{A}\) to the opposite direction. Express it in unit vector...
-
(a) How many seconds does it take a pebble released from rest off a bridge to fall \(9.8 \mathrm{~m}\) ? (b) What is the pebble's speed when it has fallen \(9.8 \mathrm{~m}\) ?
-
A particle is accelerated such that its position as a function of time is given by \(\vec{x}=b t^{3} \hat{t}\), with \(b=1.0 \mathrm{~m} / \mathrm{s}^{3}\). What is the particle's acceleration as a...
-
Runners \(P, Q\), and \(R\) run a \(5-\mathrm{km}\) race in 15,20 , and \(25 \mathrm{~min}\), respectively, each at a constant speed. When runner \(Q\) crosses the \(1-\mathrm{km}\) mark, what is the...
-
You drive an old car on a straight, level highway at \(45 \mathrm{mi} / \mathrm{h}\) for \(10 \mathrm{mi}\), and then the car stalls. You leave the car and, continuing in the direction in which you...
-
Which of these packages is used for handling security-related issues in a program? (a) java.lang.security (b) java.security (c) javax.security (d) javax.sec
-
Suppose the index goes to 18 percent in year 5. What is the effective cost of the unrestricted ARM?
-
The city of St. Louis, Missouri, passed a ballot measure to provide and pay for 180 surveillance cameras for high-crime areas. The city council mandated that these cameras be apportioned among the...
-
What are the purposes of an audit program? Review Exhibit and identify the major items that should be included in an audit program.
-
The Professional Judgment in Context feature "Evidence-Related Findings in PCAOB Inspection Reports" presented at the beginning of the chapter provides excerpts of various PCAOB inspection reports...
-
In August 2011, the PCAOB barred two former Ernst & Young LLP (E&Y) employees from auditing public companies, alleging they provided misleading documents to PCAOB inspectors who were evaluating the...
-
Shawn Inc. proposed to install one Robotic Machine for his new project, an initial investment of CANVAS Technology will be $520,000 and the Robotic will be expected to generate net cash flows of at...
-
You anticipate the receipt of money in 200 days, which you will use to purchase stocks in a particular company. The stock is currently selling for $51 and will pay a $0.5 dividend in 50 days and...
-
1) Based on the stock chart for Michaels Companies Inc, what do you think the short and long-term growth potentials are for this company? (discuss the advantages/disadvantages) Link to the stock...
Study smarter with the SolutionInn App