Which of the following is not a factor adding to the complexity of materiality judgments made by auditors?
a. Regulators pay particular attention to the judgmental aspects of auditor materiality decisions.
b. SEC regulators do not believe it is appropriate to use percentage terms to substitute for a full analysis of all relevant considerations regarding the magnitude of misstatement.
c. Regulators focus on how materiality decisions can affect client financial results.
d. SEC regulators have few requirements for auditors to comply with since the AICPA fills that role.
d
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Carson’s team has been arguing over several issues for months. At some point, he recognizes that everyone from the marketing division prefers one outcome, but everyone from the research division prefers a different outcome. Overtime, he recognizes that it doesn’t matter the issue; the two divisions are always on different sides. He starts to think that there may be some underlying issue driving the conflict. Carson’s group is most likely effected by which type of organizational politics?
A. the weeds B. the rocks C. the high ground D. the woods
How could the sales representative use CRM technology to pinpoint companies that might have more untapped buyers?
A) Compare the names of the contacts for each company in the CRM to the names on the invoices paid by the companies. B) Run a pipeline report to see how many potential sales could close within the next 60 days. C) Run a pipeline report for this year and then one for the same month a year ago to compare numbers of prospects at each stage in the pipeline. D) Look at the task list to see if there are prospects to be called that salespeople have missed. E) Analyze sales reports in terms of company populations to find sales that are too small to be the entire company and may just be one department.
Answer the following statements true (T) or false (F)
1. The three categories of classification determining how fraud is detected are corporate control, corporate culture, and beyond the influence of management. 2. Enforcing the ethics policy is a fairly simple challenge to address in the ethics arena. 3. Establishing an ethics program is a challenge only for large publicly traded companies. 4. As multinational corporations approach the issue of ethics training programs, the level of complexity increases due to the intricacies of doing business in a global environment. 5. Individualists will comply with ethical standards if they are based on the ethical norms of the group.
The Cave Springs Milling Co. has the following information for last year:Material input13,112,000Labor hours126,000Yards of output produced1,575,000The partial productivity for materials is:
A. 15.75 B. 0.12 C. 8.33 D. 1.31