an external auditor is required to be independent when performing:

Answers

Answer 1

Answer:

Independence of the external auditor means independence from parties that have an interest in the results published in financial statements of an entity. ... Internal and external concerns are convoluted when nominally independent divisions of a firm provide auditing and consulting services

Answer 2

An external auditor is required to be independent when performing: their duties.

Who is an auditor?

An auditor is someone who is responsible for evaluating the validity and reliability of a company or organization's financial statement. An accounting record so audited will be relied upon by management and investors in making their investment decision.

Independence of the external auditor means independence from parties that have an interest in the results published in financial statements of an entity. Internal and external concerns are convoluted when nominally independent divisions of a firm provide auditing and consulting services.

Hence, an external auditor is required to be independent when performing their duties.

Learn more about auditing here: https://brainly.com/question/26048609


Related Questions

Please hurry I will mark you brainliest

List the order of Maslow's Hierarchy of Needs from both to top. Briefly explain the needs and wants to be fulfilled at
each level. Why does this order exist?

Answers

In order to better understand what motivates human beings, Maslow proposed that human needs can be organized into a hierarchy.

Maslow organized human needs into a pyramid that includes (from lowest-level to highest-level) physiological, safety, love/belonging, esteem, and self-actualization needs.

Physiological needs - these are biological requirements for human survival, e.g. air, food, drink, shelter, clothing, warmth, sex, sleep.

If these needs are not satisfied the human body cannot function optimally. Maslow considered physiological needs the most important as all the other needs become secondary until these needs are met.

2. Safety needs - once an individual’s physiological needs are satisfied, the needs for security and safety become salient. People want to experience order, predictability and control in their lives. These needs can be fulfilled by the family and society (e.g. police, schools, business and medical care).

For example, emotional security, financial security (e.g. employment, social welfare), law and order, freedom from fear, social stability, property, health and wellbeing (e.g. safety against accidents and injury).

3. Love and belongingness needs - after physiological and safety needs have been fulfilled, the third level of human needs is social and involves feelings of belongingness. Belongingness, refers to a human emotional need for interpersonal relationships, affiliating, connectedness, and being part of a group.

Examples of belongingness needs include friendship, intimacy, trust, and acceptance, receiving and giving affection, and love.

4. Esteem needs are the fourth level in Maslow’s hierarchy and include self-worth, accomplishement and respect. Maslow classified esteem needs into two categories: (i) esteem for oneself (dignity, achievement, mastery, independence) and (ii) the desire for reputation or respect from others (e.g., status, prestige).

Maslow indicated that the need for respect or reputation is most important for children and adolescents and precedes real self-esteem or dignity.

5. Self-actualization needs are the highest level in Maslow's hierarchy, and refer to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences. Maslow (1943) describes this level as the desire to accomplish everything that one can, to become the most that one can be.

Individuals may perceive or focus on this need very specifically. For example, one individual may have a strong desire to become an ideal parent. In another, the desire may be expressed economically, academically or athletically. For others, it may be expressed creatively, in paintings, pictures, or inventions.

PLEASE BRAINLIEST IT WOULD MEAN A LOT :)

HELP ME
1. How has the job market changed?
2. Will computers/technology affect jobs? How? Or why not?
3. What does the future hold for your generation?

Answers

To answer you questions (2 & 3), technology will most likely take over our current jobs. Also, no one knows what the future will hold.

what are the two ways a company can translate its low-cost advantage over rivals into attractive profit performance?

Answers

1. Doing a better job than rivals by performing value chain activities more cost-effectively.

2. Revamping the overall value chain to eliminate or bypass cost-producing activities.

Hope it helps!

Please mark Brainliest if you want to :)

Sarah has decided that she never wants to go into debt. Therefore, she only uses her
debit card and cash for purchases. The store where she is planning to purchase a dining
room set charges a 15% annual interest rate for all store credit card purchases. If Sarah
saves up the cash and uses her debit card to purchase her new $1,200 dining room set,
how much will she have to pay in interest?

Answers

The amount that Sarah will have to pay as interest will be $180

Based on the information given, the following can be depicted:

Cost of dining room set = Principal = $1200

Interest rate = 15%

Time = 1 year

The simple interest will be calculated using the formula:

= PRT/100

= (1200 × 15 × 1) / 100

= 18000/100

= 180

Therefore, based on the calculations above, the interest that'll be paid by Sarah is $180.

Read related link on:

https://brainly.com/question/25114763

what is the most accurate description of person-organization fit?

Answers

Answer: a match between an individuals personality and values, and those of the organization

Explanation:

When you start a new job, you receive a form that you use to prove that you are eligible to work in the U.S. What is this form?

Answers

I believe it's a Work Permit.

hi i needa gf im 16 im a kind loving caring person anyone 13 through 17

Answers

Hello, I’m a guy and imma tell you this, you really do need one if your on this site trying to get one. Not to be mean

Answer:

r u a dude, cuz if u are then no, thx.

what is the cost allocation method called that is used for natural resources?

Answers

Answer:

The process of allocating the cost of plant and equipment over the periods they are used to produce revenues is known as depreciation. For natural resources, this process is called depletion, and for intangible assets it is called amortization.

when the government redistributes income from the wealthy to the poor,

Answers

In a Robin Hood effect, income is redistributed so that economic inequality is reduced. For example, a government that collects higher taxes from the rich and lower or no taxes from the poor, and then uses that tax revenue to provide services for the poor, creates a Robin Hood effect.

liabilities are generally classified on a balance sheet as

Answers

Liabilities are classified as Current Liability and Non-Current Liability on the Balance sheet.

Liability is an accounting term used to represent debts and obligations which the business owes to others.

Examples of Liability includes Wages payable, Supplies payable, Owed Loans, Notes payable, Income taxes payable, Mortgages payable etc

However, under the balance sheet, Liability are classified into two sections and includes the Current Liability and Non-Current Liability.

The Current liabilities are known as Short term liabilities because they are liabilities that are due and payable within one year.

The Non-current liabilities are known as Long-term liabilities because they are liabilities that are due after a year or more.

Read more on this here

brainly.com/question/15006644

how do you find your claimant id number for unemployment

Answers

Answer:

The Claimant ID can be found in the upper-right of the UI Finding letter, as well as other letters received from IDES. Fraud victims can use the information from a fraudulent UI Finding letter to report the case to IDES.

Explanation:

hope this helps you if it does please mark brainliest

Which statement includes one real benefit from shopping with a credit card? *
1 point
You may earn cash back, travel rewards, or other perks for each dollar you spend
Most stores will give you a discount if you pay with credit instead of cash or debit
It pulls money directly from your bank account, preventing you from overspending
If you do not have the money to pay your monthly bill, you can just wait a few months and pay the same amount then

Answers

The statement which includes one real benefit from shopping with a credit card is:

A. You may earn cash back, travel rewards, or other perks for each dollar you spend

A credit card is a payment card that is authorised by a financial institution which allows the owner of the card to make purchases based on his available card debit limit

There are various benefits to using a credit card which include:

A user can earn rewards or cash back when he spends with his credit cardA thief would not be able to successfully use a stolen credit cardIt is easier to make disputes on a transaction, etc

Therefore, the correct answer is option A

Read more here:

https://brainly.com/question/20328667

employees make greater use of their skills and enjoy more opportunities for professional development in a organization.

Answers

In a decentralized organisation, employee uses more of their skills and enjoy professional development as well.

Decentralized organization is a type of organizational structure where most decisions-making are made by mid or lower level managers.

Under a decentralized organizational structure, the senior management delegates majority of decision making to lower levels in the organization.

In conclusion, employees who works under a decentralized organisation viii make greater use of their skills. Development of professional career will be enjoyed because more freedom are given to them at the workplace.

Learn more about Decentralized Organisation here

brainly.com/question/12653061

Buying something in order to increase social status is known as ______consumption.

Answers

Answer:

conspicuous consumption

What is one request a borrower can make of a lender if they know they will never be able to pay their full debt?

A. The borrower can ask for fees and penalties to be eliminated.

B. The borrower can ask for a reduction of the interest rate.

C. The borrower can ask to be absolved of some of the debt.

D. The borrower can ask for the monthly payment to be reduced.​

Answers

The one request a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.

What happens if the borrower fails to repay the loan?

A loan is known to be a kind of money that is borrowed for a length of time and it is known to be a non-performing asset (NPA).

When the repayment is  overdue, the lender can seize the asset of the borrower and when a  borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.

Learn more about a borrower  from

https://brainly.com/question/25599836

Answer:

C. The borrower can ask to be absolved of some of the debt

Explanation:

the british economicst ______________ demonstrated in 1817 that even though one nation held an absolute advantage over another in the production of each of two different goods, international trade could still be a positive-sum game in which both countries benefit.

Answers

Answer:

David Ricardo

Explanation:

to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.

Answers

When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage over others.

In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.

Competitive advantage of a firm entails an attribute which enables the company to outperform its competitors such as Increasing customer-base over other firms.

Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.

Learn more about this here

brainly.com/question/17869281

Baby you’re too controllin’
Ima feed you too the wolves when
You get nasty, back at me
But baby don’t distract me
I’m a goner, I lost her
Like why the hell yhu wanna play me that way
You’re bad babe, You double-faced enternare
LiFe GoEs On AnD oN aNd On AnD oN AnD oN aNd

Answers

Tharpist can help you.

Explanation:

They specialize in mental health and illness care and treatment.

fob destination means that goods are owned by the buyer as soon as ______.

Answers

FOB Destination describe goods whose risk will be catered by Seller until being delivered to the buyer.

FOB Destination is an acronym for "Freight on Board" Destination

The FOB Destination is a marine term used to describes that legal title of goods belongs to the Seller until they are delivered to buyer.

In other word, its means that seller of a product owns the risk of loss on a goods until its is delivered to the buyer.

In conclusion, the term states that the goods are owned by the buyer as soon as it is not delivered to the buyer.

Read more on FOB Destination here

brainly.com/question/15102930

beginning inventory is $20,000. purchases of inventory during the year are $100,000. ending inventory is $50,000. what is cost of goods sold?

Answers

Answer: $70,000

Explanation: Add ending + Beginning

The cost of goods sold as per the given data of inventories and purchases of inventory is $70,000 during the year.

What is inventory?

The products, resources, and equipment that a company keeps on hand in advance of selling them to customers for a profit are referred to as inventory. One can fulfill the needs of your clients and can save money by using inventory management.

The inventory that appears at the beginning of the year refers to as the beginning inventory whereas the inventory which remains at the end of the financial year in business is referred to as the ending inventory.

The calculation for the cost of goods sold

beginning inventory = $20,000

ending inventory  = $50,000

purchases of inventory =  $100,000

COGS = the starting inventory + purchases – ending inventory

           = (20,000+100,000)-50,000

           = 120,000- 50,000

           = 70,000

Therefore, the Cost of goods sold is  $70,000.

Learn more about Inventory, here:

https://brainly.com/question/15118949

#SPJ2

When you purchase something with a credit card, you
A
automatically improve your credit score
B
buy it now and promise to pay for it later
С
pay for it now but receive it later
D
decrease your debt

Answers

Answer:

(A) uhhh I think it's a

Explanation:

ok

snowcap ice cream produces over a dozen delicious ice cream flavors and a number of individually packaged frozen treats. which of these strategies would represent vertical integration for snowcap?

Answers

The purchase of Mountain Dairy milk farm would represent a vertical integration for Snowcap.

Vertical integration refers to the process of acquiring the business operations of another in order to increase supply chain efficiency and to achieve reduction of delays.

Here, the Snowcap company produces ice creams and requires the milk to facilitate its production. Therefore, the company can buy a milk plant, to enable its control the delivery of milk to the ice cream plant.

Therefore, the purchase of Mountain Dairy milk farm would represent a vertical integration for Snowcap.

Multiple Choice "a. purchasing Mountain Dairy milk farm, b. acquiring a beverage bottling plant, c. opening a personal tax accounting division, d. setting their prices lower than the competitors’ prices"

Learn more about Vertical Integration here

brainly.com/question/10518340

Jacqui decides to open her own business and earns $90,000 in accounting profit the first year. When deciding to open her own business, she withdrew $20,000 from her savings, which earned 3 percent interest. She also turned down three separate job offers with annual salaries of $30,000, $40,000, and $45,000. What is Jacqui's economic profit from running her own business

Answers

Jacqui's economic profit from running her own business is: $44,400

Using this formula

Economic profit =(Accounting costs - Implicit costs)

 

Where:  

Accounting profit = $90,000

Implicit costs=($20,000 x 3%) + $45,000

Let plug in the formula

Economic profit=$90,000-[($20,000 x 3%) + $45,000]

Economic profit=$90,000-($600+$45,000)

Economic profit=$90,000-$45,600

Economic profit=$44,400

Inconclusion Jacqui's economic profit from running her own business is: $44,400

Learn more here:

https://brainly.com/question/13928421

Your job pays you $1600per month all taxes combined reduce your pay by 25% your current expenses are $1200 per month you want to join a health club for $75 per month can you afford it

Answers

Answer:

1600 - 25% of 1600 = 1600 - 0.25*1600 = 1200

So after you take 25% of 1600 away from 1600, you're left with 1200

So you are *really* paid $1,200 a month (instead of $1,600 a month) after you take out all taxes.

 

Your expenses are $1,200, so you will have 1200 - 1200 = 0 dollars left over

So you CANNOT afford the health club or any additional expenses. This is assuming you don't rely on a credit card or other forms of loans.

Explanation:

Who made this website?

Answers

Answer:

Michal Borkowski, Tomasz Kraus, Lukasz Haluch

Explanation:

Amelia has laid the groundwork for a fledgling business and is considering incorporating. Which of the following is a valid concern that she might have?(1 point) Please help!

Answers

Incorporated businesses are legally recognized outfits. A valid concern that Amelia will have when considering incorporating her business is;

C) The regulations will be more burdensome than in other business structures.

Incorporating a business entails making the business legally recognized. This would involve lots of paper works and rules.

Incorporated businesses can sue and be sued. Therefore, they must be careful in the decisions they make. This is not the case with non-incorporated businesses.

Unincorporated businesses include sole proprietorships and partnerships. They have more freedom and are not really legally liable.

Learn more here:

https://brainly.com/question/14561430

Here are the options:

A) Acquiring financing as a corporation will be much more challenging than it is for other business structures.

B) Incorporating comes with an increase in liability compared to other business structures.

C) The regulations will be more burdensome than in other business structures.

D) The corporation will only last as long as she is able to work

Answer:

The regulations will be more burdensome than in other business structures.

Explanation:

Many entire vocations in the United States have disappeared in the last few decades. What if the following is a possible explanation for why vocations have entirely disappeared the last few decades?

Answers

A possible explanation for the disappearance of vocations in the past decade is advancement in technology.

With advancement in technology, many jobs have become obsolete as they can be performed more efficiently by computers compared with humans. For example, there are some record keeping tasks that people were employed to carry out but with the invention of efficient technology, humans are no longer to perform this functions.

 Another job that is been rendered obsolete by technology is the job of a librarian. Most of the job functions carried out by a librarian can now be carried out computers.

Technology rendering jobs obsolete increases the rate of structural unemployment. This unemployment occurs when the skill labour posses are no longer demanded for in the economy.

To learn more, please check: https://brainly.com/question/15192262?referrer=searchResults

Answer:

The low cost of foreign goods could cause manufacturing to be done overseas

anderson oil often assigns employees to travel and work abroad on international projects. however, anderson oil leaders understand that travel is more difficult for employees with disabilities, so employees who require special accommodations for their jobs do not receive international travel assignments. is anderson oil engaging in workplace discrimination?

Answers

Considering the situation described above in the question, Anderson oil is engaging in workplace discrimination.

This is because this situation is often described as an example of disparate treatment, and it is considered intentional or unlawful discrimination.

Given that Anderson Oil deliberately treats employees with disabilities differently, it is considered disparate treatment, a form of discrimination.

Hence, in this case, it is concluded that the correct answer is Yes; Anderson Oil is engaging in work placement discrimination using a disparate treatment strategy.

Learn more here: https://brainly.com/question/13755136

Which statements best explains how globalization offers an advantage to businesses

Answers

Answer:

Hello here's the answer!

Explanation:

A

C

D

E

your welcome! Brainliest if you liked the answer!

What of the following forms the basis for a financial advantage when making a business decision?multiple choiceWhether opportunity costs are presentWhether irrelevant costs and benefits ariseWhether the dfferential benefits exceed the differential costsWhether alternatives exist

Answers

Answer: whether the differential benefits exceed the differential costs

Explanation:

Other Questions
4. BAMI! The door shut behind me.which of the following is the figurative language 60 students at campbell middle school were surveyed on their favorite sports. 1/4 of them choose basketball. 3/10 of them choose hockey the remaining students chose soccer. How. many students choose soccer as their favorite sport Did anyone have any clue about this question approximately_____ element's occur naturally on earth The skin is critically important in regulating body__due to the presence of sweat glands. how are ancient books similar to books today? After enlarging his "U" in problem 3-26, Al has an idea. He drew a 60 angle, as shown in Diagram #1 atright. Then, he extended the sides of the angle so that they are twice as long, as shown in Diagram #2."Therefore, the new angle must have measure 120," he explained. Do you agree? Discuss this with yourteam and write a response to Al. What happens if an atom has a different amount of electrons than protons? (Select all that apply) A: The particle is no longer an atom. B: The particle becomes a different element. C: The particle has a charge. D: The particle is considered an ion. Mr. Ross washed 1/4 of his laundry. His son washed 2/5 of it. Who washed most of the laundry? How much of the laundry still needs to be washed? I NEED OXIDATION AND REDUCED FOR BOTH ASAP PLS HELP (make sure its correct) How many real solutions does the equation have? 3x-1 =2x-5 On Monday a team of street sweepers cleaned 3/4 of a city block. Tuesday, the team cleaned 2/3 as many blocks as on Monday. How many city blocks did the street sweepers clean on Tuesday? Write your answer as a fraction or as a whole or mixed number. Answer the following questions from the movie Flubber. Cassie has a small cube-shaped box. Its volume is 64 cubic centimeters.What is the area of one face of the box? How many metals, nonmetals and metalloids are there in the periodic table? A force of 72 N is applied to an area of 610 cm2. Calculate the pressure in N/m2. Give your answer to the nearest integer. 70 percent of 38.20 is what the room has a rug right in the middle of a room. The rug is 3m by 4 m and it is 2 m away from all the surrounding walls. Calculate the area of the room. Why did you choose agricultural and biosystem as a course? Help me guys 12/(3/4)12 divided by 3/4