Write the three general auditing standards of the PCAOB
The general audit standards are:
1 . Technical Training and proficiency: The examination is to be performed by a person or persons having adequate technical training and proficiency as an auditor.
2 . Independence: An independence is mental attitude is to be maintained by the auditor or auditors.
3 . Due Professional Care: Due professional care is to be exercised in the performance of the examination and the preparation of the report.
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Which of the following is true of cumulative voting?
A. Each shareholder votes the number of shares he or she owns on candidates for each of the positions open for election. B. A majority shareholder always elects the entire board of directors. C. The cumulative voting method always applies to elections for the board of directors. D. A minority shareholder has a better opportunity to elect someone to the board of directors.
According to the text, every table should have a ________ and ________
A) footnote; a title B) summary; a footnote C) title; a summary D) number; a title E) header; footer
Insurance companies provide two types of services. One service is an identified contract service-mortality protection or loss protection. The second service consists of investment management service
Indicate whether the statement is true or false
A company declared a cash dividend on its common stock in December 2013 . payable in January 2014 . Retained Earnings would
a. increase on the date of declaration. b. not be affected on the date of declaration. c. not be affected on the date of payment. d. decrease on the date of payment.