17. Which of the following is an example of information intermediary? Select one:a.Internal managersb.Tax authorityc.Auditors.d.Commercial banks

Individuals and groups who gather, analyze, and interpret data and report their results to others.…

Answered: 17. Which of the following is an…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 10DQ

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Who enforces requirements regarding financial products and services? A. CCA B. ACCC C. ASIC D. ACL
General-purpose financial statements are prepared primarily for: a. internal users. b. external users. c. auditors. d. government regulators.
A company’s controller is least concerned with: a. Provision of capitalb. Information processingc. financial reportingd. Regulatory compliance
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Which one of the following components of internal control over financial reporting sets the tone for the organization? a. Risk assessment. b. Control environment. c. Information and communication. d. Monitoring.
Discuss what information would be most useful for these users of accounting information: Management Employees Investors Creditors Customers Tax authorities
Which area of accounting needs a computerized accounting information system the mostâ€”payroll, tax, or preparing financial statements?
Define each of these users of accounting information as an internal user of external user Management Employees Investors Creditors Customers Tax authorities
What type of organization primarily offers tax compliance, auditing, and consulting services? A. corporations B. public accounting firms C. governmental entities D. universities
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Classify the following users of information as either: I—internal user T—external user: trading partner S—external user: stakeholder a. Internal Revenue Service b. Inventory control manager c. Board of directors d. Customers e. Lending institutions f. Securities and Exchange Commission g. Stockholders h. Chief executive officer i. Suppliers j. Bondholders
General-purpose fi nancial statements are prepared primarily for:a. internal users.b. external users.c. auditors.d. government regulators

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17. Which of the following is an example of information intermediary? Select one: a. Internal managers b. Tax authority c. Auditors. d. Commercial banks