Which of the following procedures is not a fraud-related audit procedure used to respond to identified fraud risk factors?
a. Physically inspect tangible assets, including major additions, and agree serial numbers with invoices or other supporting documents.
b. Use the work of a specialist for asset valuations, including impairments.
c. Confirm the terms of significant additions of property or intangibles with other parties involved in the transaction.
d. All of the above are fraud-related audit procedures.
d
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Suppose you are an HR manager who is conducting orientation for a group of new hires in the accounting department. All of the new hires will be working with accounts receivable. When the orientation is complete, which three pieces of information should all of the new hires have?
What will be an ideal response?
Marcy advises her clients on investments, taxes, wealth management, estate issues, budgeting, and insurance. Marcy is also a licensed life insurance agent. When Marcy sells life insurance to a client, the distribution channel used is a(n)
A) stock broker. B) financial planner. C) insurance broker. D) direct writer.
According to the expectations theory, the interest rate on a long-term bond is the average of the short-term interest rates expected over the life of the long-term bond
Indicate whether the statement is true or false
For companies without a strong service culture, the switch to a customer-oriented system may require changes in which of the following options?
a. hiring b. training c. reward systems and customer complaint d. all of the above