Which of the following principles is most closely associated with the auditors conclusion as to the fair
Question:
Which of the following principles is most closely associated with the auditors’ conclusion as to the fair presentation of the entity’s financial statements?
a. Communication principle.
b. Performance principle.
c. Reporting principle.
d. Responsibilities principle.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (10 reviews)
a Incorrect The communication principle is not one of ...View the full answer
Answered By
PU Student
cost accounting
financial accounting
auditing
internal control
business analyst
tax
i have 3 years experience in field of management & auditing in different multinational firms. i also have 16 months experience as an accountant in different international firms. secondary school certification.
higher secondary school certification.
bachelors in mathematics.
cost & management accountant
4.80+
4+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
Part 4 Questions Consider the following transactions from Big Marker?s accounting information system.? Accrued one month?s interest on an existing note payable, $300 Billed 30 communities for monthly...
-
Which demographic variables are most closely associated with heavier consumption of the following? What would explain this association? Which contributes most to causing the consumption? (See Tables...
-
Which demographic variables are most closely associated with ownership of the following? What would explain this association? Which contributes most to causing the ownership? (See Tables 1A through...
-
1. Because triangle A is congruent with triangle B, and triangle A is isosceles, it follows that triangle B is isosceles. 2. The plaque on the Leaning Tower of Pisa says that Galileo performed...
-
Explain why a sugary diet can lead to tooth decay.
-
A 1000-gallon tank currently contains 100.0 gallons of liquid toluene and a gas saturated with toluene vapor at 85F and 1 atm. (a) What quantity of toluene (lb m ) will enter the atmosphere when the...
-
Prepare a balance sheet and income statement for Lieberman Inc. from the following information. Inventory $6,500 Common stock 45,000 Cash Operating expenses Short-term notes payable Interest expense...
-
The following events took place for Fed Inc. during October 2012, the first month of operations as a producer of road bikes: Purchased $427,000 of materials. Used $367,500 of direct materials in...
-
a) Explain the following principles of valuation i. Principle of conformity ii. Principle of substitution iii. Principle of highest and best use iv. Principle of supply and demand v. Principle of...
-
A rectangular gate is installed in a vertical wall of a reservoir, as shown in Fig. 4.26. Compute the magnitude of the resultant force on the gate and the location of the center of pressure. Also...
-
Which of the following opinions would be issued if auditors believed that the entitys financial statements were not presented in conformity with GAAP? a. Adverse opinion. b. Disclaimer of opinion c....
-
The creation of the PCAOB by the Sarbanes- Oxley Act has impacted both the standards- setting process and the periodic review of the quality of an audit firms work. Required: a. Identify the...
-
The ratio of the measures of two supplementary angles is 5:3. Find the measures of the angles.
-
1. Who is referred to as the protag of Lee At water? (He's also referred to as a shining example of what College Republicans can do.) 2. Why did Atwater opt for the Republican party over the...
-
Elephants can create and detect infrasonic sounds sounds with frequencies lower than about 2 0 Hz which can travel long distances. They create these sounds using the cavity that extends from their...
-
On February 18, Clancy, who was in debt, took his stereo to Lucys repair shop. Because Lucy and Clancy were old friends, Lucy didnt give him a receipt. On February 19, hounded by creditors, Clancy...
-
Calculate the income tax corresponding to a landlord who receives a monthly income of $8,000 pesos from renting a property. Calculate the income tax corresponding to an individual who has obtained...
-
A company's total cost increases from $ 5 0 0 to $ 7 0 0 when it produces 1 0 0 units of a product and then to $ 9 0 0 when it produces 1 5 0 units. What is the marginal cost? Question 1 1 options: $...
-
In Exercises 3742, calculate the limit. lim |x x + x 1 I + X 0-+x
-
(a) Use integration by parts to show that (b) If f and g are inverse functions and f' is continuous, prove that (c) In the case where f and t are positive functions and b > a > 0, draw a diagram to...
-
Given the transfer function \(Y(s) / U(s)\), find a. The I/O equation. b. The state-space form directly from the I/O equation in (a). \(\frac{s^{3}+2 s}{2 s^{4}+s^{2}+3 s+2}\)
-
Explain why most auditors consider the receipt of goods and services the most important point in the acquisition and payment cycle.
-
Explain the relationship between tests of the acquisition and payment cycle and tests of inventory. Give specific examples of how these two types of tests affect each other.
-
Explain the relationship between tests of the acquisition and payment cycle and tests of accounts payable. Give specific examples of how these two types of tests affect each other
-
Complete the table by: i. Defining each type of taxable transaction data provided below. ii. Listing one unique source of information for each type of taxable transaction data listed below. iii....
-
You are a partner in a CPA firm. You have a client that is being audited by the IRS. The IRS is using an indirect method of proof of his income. Your client is an attorney but not a tax attorney and...
-
If Olivia is single and in the 24 percent tax bracket, and she sold stock for $12,000 that she purchased for $10,000, 9 months earlier. What should her tax expense be in 2018?
Study smarter with the SolutionInn App