Which of the following is a cause of action against the auditor for breach of contract?
a. Violating client confidentiality.
b. Providing the audit report on time.
c. Failing to discover an immaterial error or employee fraud.
d. Withdrawing from an audit engagement with justification.
a
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Which of the following audit procedures does not address existence/occurrence for accounts receivables and sales?
a. Trace bill of lading to sales invoice and sales journal. b. Confirm balances of unpaid invoices with customers. c. Examine subsequent collection. d. Scan sales journal for duplicate entries.
Oliver works in a place that has a formal chain of command and is internally focused. His manager, Amelia, uses her position to manage her employees and to emphasize the importance of efficiency, productivity, and organization in the day-to-day running of operations. Oliver and Amelia work for a company that fits which type of culture?
A. hierarchy B. adhocracy C. market D. clan
Rodriguez Inc is considering a project that costs $200,000. The company expects the annual cash revenues to be $75,000 and annual expenses (including depreciation) to be $30,000. The project has a ten-year useful life and a residual value of $25,000. Assume Rodriguez Inc uses the straight-line method of depreciation. Using the above information for Rodriguez, the accounting rate of return for the
project is (Round your answer to a whole percent) A) 51 percent. B) 22 percent. C) 67 percent. D) 40 percent.
The three stages of production for a manufacturing firm are _________________________, ______________________________, and _________________________
Fill in the blank(s) with correct word