Section 404 requires management to make a statement identifying the control framework used to conduct their assessment of internal controls. Discuss the options in selecting a control framework
The SEC has made specific reference to the Committee of the Sponsoring Organizations of the Treadway Commission (COSO) as a recommended control framework. Furthermore, the PCAOB's Auditing Standard No. 2 endorses the use of COSO as the framework for control assessment. Although other suitable frameworks have been published, according to Standard No. 2, any framework used should encompass all of COSO's general themes.
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Explain the persuasive strategy “ask for suspended judgment.” When might you use this persuasive strategy during a persuasive speech?
What will be an ideal response?
Jungmin’s job as a biomedical engineer involves conducting research on the engineering aspects of the biological systems. Most important are his written reports on his findings. Jungmin’s supervisor based Jungmin’s performance appraisal on the reports. It is likely that Jungmin’s performance appraisal is _________.
A. valid B. reliable C. based on mission and objectives D. feasible E. negative
The warranty of no interference warrants that goods sold are free from any third-party security interests, or encumbrances that are unknown to the buyer
Indicate whether the statement is true or false
If a corporation is a general partner to a limited partnership, which of the following would result from the dissolution of the corporation?
A) dissolution of the limited partnership B) creation of a general partnership C) reformation of the limited partnership D) transfer of the partnership to other parties