Which of the following circumstances most likely would cause an auditor to believe that material misstatements may exist in an entity's financial statements?
A. The chief financial officer does not sign the management representation letter until the last day of the auditor's fieldwork.
B. Management consults with other accountants about significant accounting matters.
C. Audit trails of computer-generated transactions exist only for a short time.
D. Accounts receivable confirmation requests yield significantly fewer responses than expected.
Answer: D
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An unstructured and indirect form of questioning that encourages respondents to project their underlying motivations, beliefs, attitudes, or feelings regarding the issues of concern is called the ________
A) projective technique B) quantitative technique C) survey technique D) evaluation technique E) motivation elicitation
A number of costs and measures of activity are listed below. Cost DescriptionPossible Measure of Activity1.Cost of vaccine used at a clinicVaccines administered2.Building rent at a taco shopDollar sales3.Salary of production manager at a snowboard manufacturerSnowboards produced4.Cost of electricity for production equipment at a snowboard manufacturerSnowboards produced5.Ferry captain's salary on a regularly scheduled passenger ferryNumber of passengers6.Cost of glue used in furniture productionUnits produced7.Janitorial wages at a snowboard manufacturerSnowboards produced8.Depreciation on factory building at a snowboard manufacturerSnowboards produced9.Cost of advertising at a snowboard companySnowboards sold10.Cost of shipping bags of fertilizer to a customer at a chemical plantBags
shippedRequired:For each item above, indicate whether the cost is MAINLY fixed or variable with respect to the possible measure of activity listed next to it. What will be an ideal response?
What is the probability that the project will take longer than 58 days to complete?
Marcy Fetter, a staff analyst at the Los Angeles plant of Computer Products Corporation, is assigned to the team that is developing the process design for producing an RFID sensor. The corporate planning group in San Jose, California, has contacted her and asked how confident the design group is about completing the project in 60 days. She has developed the following estimated time durations in days for the project:
When two friends, who support two different political parties, only quote statistics that support their favorite political party's strengths but not its weaknesses, which type of perception do they demonstrate?
A. Selective retention B. Selective exposure C. Selective distortion D. Selective perception