Potential benefits of an entity's controls in an IT environment include all of the following except:
A. Reduction in the risk that controls will be circumvented.
B. More accurate accounting estimates.
C. Consistent application of predefined business rules.
D. More timely information.
B. More accurate accounting estimates.
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Under a defined contribution pension plan,
a. the pension expense account must be determined by actuarial calculations. b. the employer guarantees the employee certain benefits upon retirement. c. accounting for annual pension expense is simple. d. the annual contribution is based on estimated future benefits.
A ratio comparing the present value of a project's net cash inflows to the project's net investment is referred to as the ____________________________________
Fill in the blank(s) with correct word
Personnel Employment, Inc, has been ordered to appear at a hearing be¬fore an administrative law judge of the Social Security Administration. A significant difference between a trial and an administrative hearing is that
a. attorneys are not allowed to attend administrative hearings. b. clients are not allowed to communicate with their attorneys dur¬ing adminis¬trative hearings. c. hearsay can be introduced as evidence in an administrative hearing. d. the burden of proof is on the charged party to prove innocence.
A complete termination comes about only after the partnership has been ______ and its affairs have been wound up
a. finalized b. disillusioned c. standardized d. reorganized e. none of the other choices are correct