Which of the following is not an AICPA general standard for attestation engagements?
a. The practitioner must have adequate technical training and proficiency to perform the attestation engagement.
b. The practitioner must have reason to believe that the subject matter is capable of evaluation against criteria that are suitable and available to users.
c. The practitioner must adequately plan the work and must properly supervise any assistants.
d. The practitioner must exercise due professional care in the planning and performance of the engagement and the preparation of the report.
c
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Activity-based budgeting relies on budgeting salaries, supplies, depreciation, and other functional costs
Indicate whether the statement is true or false
Reports should be organized using the direct strategy when the readers are informed or supportive of the topic
Indicate whether the statement is true or false
What is the purpose of a letter or memo of transmittal?
A) To announce the topic of the report B) To provide a list of sources used within the report C) To introduce the writer of the report D) To designate the parts of the report
Many companies today employ a sales forecasting manager or sales planner to determine the sales forecasts for individual products. Forecasting managers may utilize Excel to perform _______________, where sales is the dependent variable and a variety of other factors such as company size, annual purchases, and number of years as a customer are the independent variables. Fastenal, a reseller of tools, fasteners, and other items required for manufacturers, relies on this sophisticated and mathematical approach to forecasting sales by first utilizing historical sales data incorporating a 10-year history of sales for each product category such as different brands of tools and supplies-nuts, bolts, screws, etc. The sales forecasting manager is then able to identify the relationship between the
independent variables and the dependent variables to determine an accurate sales forecast. A. regression analysis B. time series analysis C. statistical demand analysis D. sales force forecasting survey