What is a compensating control for the finance and investment process? Give some examples for finance and
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
A compensating control for finance and investment process accounts is a control feature used when a ...View the full answer
Answered By
Dorcas Juliet
I am a proficient tutor and writer with over 4 years experience, I can deliver A+ works in all fields related to business and economics subject. Kindly hire me for excellent papers
4.70+
10+ Reviews
51+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Auditing questions
-
What is a compensating control? Give some examples for finance and investment cycle accounts.
-
What is a compensating control?
-
What is a compensating balance? How does the auditor become aware of the existence of compensating balances?
-
FinCorp Inc. is exploring different portfolio allocations between two stocks. Complete the following table. Case1 Case 2 Case 3 Case 4 Case 5 $ invested in stock 1 $ invested in stock 2 Total $...
-
What is the major difference between judgmental and convenience sampling?
-
We will abbreviate malonic acid, CH 2 (CO 2 H) 2 , as H2M. Find the pH and concentrations of H 2 M, HM + , and M 2+ in (a) 0.100 M H 2 M; (b) 0.100 M NaHM; (c) 0.100 M Na 2 M.
-
It is known that on clear nights the air temperature need not drop below \(0^{\circ} \mathrm{C}\) before a thin layer of water on the ground will freeze. Consider such a layer of water on a clear...
-
Ray Pet Supplies purchases its inventory from a variety of suppliers, some of which require a six-week lead time before delivering the goods. To ensure that she has a sufficient supply of goods on...
-
We will be discussing topics to make sure that you've chosen a manageable one for this assignment, but here are a few sample problems you might want to consider writing about (choose ONLY ONE): not...
-
Quake Corporation paid $1,680,000 for a 30 percent interest in Tremor Corporation's outstanding voting stock on January 1, 2011. The book values and fair values of Tremor's assets and liabilities on...
-
Describe the procedures and documentation of a controlled count of clients investment securities.
-
What are some of the specific, relevant aspects of managements control over the production of accounting estimates? What are some enquiries auditors can make?
-
Why is off-balance sheet finance a problem in accounting?
-
As a motivated, ambitious employee, you naturally care about your performance on the joband about making sure your performance is being fairly judged and rewarded. Unfortunately, the company has gone...
-
You work for a large, publicly owned organization that procures many services from organizations based both nationally and more locally to your offices. For many years your offices have been supplied...
-
Analyze the strengths and weaknesses of this message, and then revise it so that it follows this chapters guidelines for sharing routine information, including using the direct approach: Those of you...
-
A carefully constructed series of tweets can serve as a summary of a blog post, video, or other message or document. Your task: Find any article, podcast, video, or webpage on a business topic that...
-
Your company markets a line of rugged smartphone cases designed to protect the sensitive devices from drops, spills, and other common accidents. Your guarantee states that you will reimburse...
-
The following data on isotopic masses are from a chemical handbook. What is the ratio of each of these masses to that of 12 6 C? (a) 35 17 Cl, 34.96885 u; (b) 26 12 Mg, 25.98259 u; (c) 222 86 Rn,...
-
Keating & Partners is a law firm specializing in labour relations and employee-related work. It employs 25 professionals (5 partners and 20 managers) who work directly with its clients. The average...
-
How is the story of the myxoma virus and Australian rabbits similar to the story of antibiotic resistance in bacteria?
-
Evaluate the following statement: "Tests of sales and cash receipts transactions are such an essential part of every audit that I like to perform them as near the end of the audit as possible. By...
-
Explain how the calculation and comparison to previous years of the gross margin percentage and the ratio of accounts receivable to sales are related to the confirmation of accounts receivable and...
-
Distinguish between substantive tests of transactions and tests of details of balances. Give one example of each for the acquisition and payment cycle.
-
Explain how the OS and Utility programs work with application software. Summarize the features of several embedded operating systems course: introduction to information technology code: EBI...
-
Determine the complexity of the following pseudocode snippets in Big-O and Big-Q2. Do these code snippets have a Big-e? What are the functions doing? 1) my_func(some_nums) result = 0 for (num in...
-
Please explain and describe what are input and output devices. Explain what the differences are between an operating system, an embedded operating system, and a network operating system. Explain and...
Study smarter with the SolutionInn App