Will the confirmation of accounts, loans, and notes receivable always provide sufficient appropriate audit evidence to cover the ownership assertion made by the client?
What will be an ideal response?
No. The respondents to the confirmations will not be able to determine if the client has sold or factored their accounts to a third party. Auditors need to perform additional procedures to get evidence of ownership of the receivable and of the disclosures required with respect to financing arrangement secured by the receivables.
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The service desk model is requiring service desk analysts to have different skills in order to perform tasks such as system and network administration, remote diagnostics, network monitoring, and training.
Answer the following statement true (T) or false (F)
Giselle is happy with her job at the firm. She works hard during the week and accomplishes her tasks on time. She spends her time on the weekend volunteering with her philanthropy group. The philanthropy group does not have anything to do with the firm. She just enjoys working on projects for less fortunate people. Giselle is
a. Extrinsically motivated b. Extraneously motivated c. Inherently motivated d. Intrinsically motivated
Plesco Corporation acquired 80 percent of Slesco Corporation's voting common stock on January 1, 20X7. On January 1, 20X8, Plesco received $350,000 from Slesco for equipment Plesco had purchased on January 1, 20X5, for $400,000. The equipment is expected to have a 10-year useful life and no salvage value. Both companies depreciate equipment on a straight-line basis.Based on the preceding information, in the preparation of consolidation entries related to the equipment transfer for the 20X8 consolidated financial statements, net effect on accumulated depreciation will be:
A. a decrease of $50,000. B. an increase of $110,000. C. a decrease of $160,000. D. an increase of $120,000.
Which of the following is a typical statement included in an organization's acceptable use policy?
A) The organization's computing resources (hardware, software, network services) are company property. B) An employee does not have privacy rights to their usage of these computing resources. C) Specific types of computing behavior are prohibited by federal or state laws. D) all of the above.