Management documentation should include all of the following except:
A. Documentation regarding the auditor's evaluation of internal controls.
B. Documentation regarding management's testing and evaluation of the controls.
C. Documentation regarding the safeguarding of assets.
D. Documentation on the controls designed in all five components of internal control.
A. Documentation regarding the auditor's evaluation of internal controls.
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On January 1, 2017 Hilldale Company had total assets of $365,000. During the year, the company purchased new machinery worth $83,000 and promised to pay the amount due after two years. Throughout the year, it earned revenue of $60,000 every month. Calculate the asset turnover ratio.
A) 1.01 times B) 1.81 times C) 1.77 times D) 1.61 times
What is the main disadvantage of factorial designs?
A) They require an equal number of rows, columns, and treatment levels, which is sometimes problematic. B) They do not allow the researcher to examine interactions of the external variables with each other or with the independent variable. C) The researcher can control for only one external variable. D) The number of treatment combinations increases multiplicatively with an increase in the number of variables or levels.
Today's salespeople need to be creative problem solvers who have the ability to develop and combine nontraditional alternatives to meet the specific needs of the customer.
Answer the following statement true (T) or false (F)
(Use the information about Dominick Inc to answer this question.) In preparing the statement of cash flows using the T-account worksheet, the accountant
a. subtracts the $400 gain from net income in computing cash flow investment activities. b. adds the $400 gain to net income in computing cash flow from investment activities. c. subtracts the $400 gain from net income in computing cash flow from operations. d. adds the $400 gain to net income in computing cash flow from operations. e. adds the $400 gain to retained earnings in computing cash flow investment activities.