In attribute sampling if the upper limit of the possible deviation rate exceeds the tolerable rate the auditor can rely upon the control as being effective
a. True
b. False
Indicate whether the statement is true or false
False
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How can executive pay be linked to organization performance?
What will be an ideal response?
The variance of a portfolio of risky securities
A. is a weighted sum of the securities' variances. B. is the sum of the securities' variances. C. is the weighted sum of the securities' variances and covariances. D. is the sum of the securities' covariances. E. None of the options are correct.
Obligations that extend beyond one year are referred to as ____________________.
Fill in the blank(s) with the appropriate word(s).
Which of the following is not a standard for measuring financial performance?
a. cash flow b. performance of the company c. management expectations d. competitors' performance e. performance in terms of resources committed