1.What does the auditors explore once they find out there is a significant decrease in inventory turnover from previous year to the current year?
2. What are the purposes of inventory stock count? List at least 03 procedures to be carried out upon inventory stock count.
3. Which audit assertions the audit procedure of cash count and bank confirmation requests will meet?
4. Indicate the inherent risks of cash and list at least 04 key internal controls for auditing cash?
Answers: 2
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Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii
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Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.
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Bulldog holdings is a u. s.-based consumer electronics company. it owns smaller firms in japan and taiwan where most of its cell phone technology is developed and manufactured before being released worldwide. which of the following alternatives to integration does this best illustrate? a. venture capitalism b. franchising c. joint venture d. parent-subsidiary relationship
Answers: 2
1.What does the auditors explore once they find out there is a significant decrease in inventory tur...
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