Management documentation of the ICFR assessment should include all of the following except:
A. documentation regarding reasonable support for the basis for management's assessment and conclusion.
B. documentation on the controls management concludes are adequate to address the entity's financial reporting risks.
C. documentation regarding every control in a process.
D. documentation regarding the design of controls management has placed in operation.
Answer: C
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Opunui Corporation has two manufacturing departments-Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MoldingFinishingTotalEstimated total machine-hours (MHs) 4,000 1,000 5,000Estimated total fixed manufacturing overhead cost$19,600$2,400$22,000Estimated variable manufacturing overhead cost per MH$1.10$2.10 During the most recent month, the company started and completed two jobs-Job A and Job M. There were no beginning inventories. Data concerning those two jobs follow: Job AJob MDirect materials$13,600$7,500Direct labor cost$20,700$7,400Molding machine-hours 2,700 1,300Finishing machine-hours 400 600Assume that the company uses a plantwide predetermined manufacturing overhead rate based on
machine-hours. The total manufacturing cost assigned to Job M is closest to: (Round your intermediate calculations to 2 decimal places.) A. $7,500 B. $7,400 C. $25,730 D. $10,830
The Dodd-Frank Act offers financial whistleblower incentives for reporting about ______.
a. tax violations b. discrimination issues c. federal contractor fraud d. securities violations
As bullying can happen to almost anyone, what should employees always be doing that can ultimately help if ever a victim of bullying?
a. seeking promotions to gain in status/hierarchical powers b. developing coalitions with ethical workers c. practicing mindfulness to be better able to handle bullying mentally d. learning about legal options for litigating against coworkers
Servo Industries' net income was $300,000. Given the account information below, what is the net cash flows from operating activities for Servo Industries? Decrease in Accounts Receivable$50,000 Decrease in Salaries Payable$75,000 Decrease in Inventory $20,000 Depreciation Expense$35,000 Increase in Interest Payable$7,000
A. $237,000. B. $337,000. C. $487,000. D. $323,000.