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...
-
What is the nature of corporate governance in Germany, Japan, and China? Discuss.
-
You have collected the following data: If you place these five numbers in a bag and randomly select one, what is the probability the number (X) will be ... a. equal to 6 ? b. less than 11 ? c....
-
1) Do you see a logical contradiction in Xeroxs willingness to devote millions of dollars to support pure research sites like PARC and its refusal to commercially introduce the products developed? 2)...
-
The accounting records of Cullumber Electronics show the following data. Beginning inventory 3 , 0 0 0 units at $ 4 Purchases 9 , 5 0 0 units at $ 6 Sales 1 0 , 1 0 0 units at $ 9 Determine cost of...
-
An infinite cylinder of radius R carries a uniform surface charge density o. We propose to set it spinning about its axis, at a final angular velocity ws. How much work will this take, per unit...
-
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?
-
It is Monday, September 16, 2013. You, CA, work at Fahmy & Gingras LLP, a CA ï¬rm. Ken Ndiaye, one of the partners, approaches you mid-morning regarding Brennan & Sons Limited (BSL), a...
-
Tenitia Reynolds opened a small community bookstore several years ago. When a new book comes out, Tenitia e-mails clients she thinks will enjoy it based on their past purchases. Which part of the...
-
What controls can you identify in the management of your school or at a company where you have worked? How might the organizations performance change if those controls were not in place?
-
Which of the following would not normally appear in a marketing plan? a. a description of the target market b. an outline of sales goals and objectives c. a situational analysis d. a written...
-
Find an example of a viral marketing campaign on YouTube. Discuss the features of this campaign that made it go viral. Research to see if the company reported any benefit from this campaign. Discuss...
-
When a car is purchased, time utility refers to the value customers receive from a. owning the car. b. the styling and function of the automobile. c. ensuring the car is available when the customer...
-
Hydrazine, N 2 H 4 , is weak base with Kb = 1.3 10 -6 . Fill in the iCe table and write the equation needed to solve for the concentration of hydroxide ion in a 0.10 M solution.
-
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...
-
What percentage of the American opportunity tax credit may be refundable?
-
You want to buy a house. You have $50,000 saved for the down payment and can pay $2,000 per month on the mortgage. The 30-year mortgage interest rate is 9% per year (equal to 0.75% per month). What...
-
Compute the Social Security and Medicare for Paul, Alex, and Andrea. The rates are 6 . 2 % for Social Security and 1 . 4 5 % for Medicare. Assume the Social Security limit is $ 1 4 2 , 8 0 0 and the...
Study smarter with the SolutionInn App