When constructing pro forma balance sheets, ________ becomes the "plug" figure to make the balance sheet balance
A) new fixed assets required
B) addition to retained earnings
C) cash
D) external funding required
D
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A payroll clearing account is a separate bank account used solely for payroll purposes. Funds are transferred into the account to cover payroll checks to be issued
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Interviews with people who currently hold a job is part of a job analysis for that position. 2. A job description describes the minimum qualifications a person must have to perform the job successfully. 3. The process of writing job analyses, descriptions, and specifications often helps you to hire people who are overqualified. 4. A human resource inventory organizes information for assessing which of your current employees are promotable and what kind of training your organization might have to do.
Which organization is responsible for setting International Standards on Auditing?
a. IASB b. IFRS c. IAASB d. AICPA
Which of the following fraud symptoms is often the easiest to detect?
a. Analytical anomalies b. Internal control weaknesses c. Accounting anomalies d. Lifestyle changes