A considerable portion of the tests of controls and substantivetests of transactions are performed simultaneously as a matter of audit convenience. Butthe substantive tests of transactions procedures and sample size, in part, depend on theresults of the tests of controls. How can the auditor resolve this apparent inconsistency?

Q: Although the concept of continuous auditing was introduced more than 20 years ago, it was not widely…

A: An audit is when an auditor examines or inspects various account books, followed by a physical stock…

Q: The following question deal with internal auditing. Choose the best response and explain your…

A: Internal auditors are those trained professionals who are mainly responsible for carrying out…

Q: Abstract Mart is an application that allows artists to showcase their work and leverage the platform…

A: A problem sorting process and removing the risk may helps the Abstract Mart to avoid the bankrupt.…

Q: The auditor’s tests of controls revealed that required approvals of cash disbursementswere absent…

A: Correct Answer: (3) The auditor will not select more sample items to audit. Explanation: This is…

Q: If an entity would ideally be geared towards value creation, what did they fail to recognized in the…

A: The integrated report's purpose is to give readers an understanding of the business capitals,…

Q: Which approach is most effective in disabling WPS?

A: Wi-Fi Protected Setup (WPS) is a feature designed to make connecting devices to a Wi-Fi network…

Q: Harry runs an upmarket restaurant and catering business and has decided to remodel the kitchen. He…

A: "The solution has been provided in a generalized manner."Harry, the owner of an upmarket…

Q: 1. What have you learned about the start of the MIS in the business in general. 2. On your own…

A: The following answer provides insights into the start of Management Information Systems (MIS) in…

Q: Compliance with Standards. What is the primary objective of the standards element?   a. To ensure…

A: A standards system creates a formal method for maintaining institutional knowledge of these…

Q: Appraise the handling of information in coca cola 2. Identify key factors in matching information…

A: If we talk about key factors in matching information systems to user requirements. here are  Coca…

Q: One way of determining that the problem, rather than the symptom, is being addressed is a technique…

A: Operation manager is the one who manages the operations of every organization, Who is responsible…

Q: You set the tolerable misstatement at $155,000 and expected error at $110,000. Based on this…

A: As an auditor, the evaluation of accounts receivables is a critical aspect of the audit process. The…

Q: Which of the following is not a factor that is considered a part of the client's overall control…

A: In auditing, the control environment refers to the overall attitude and actions of the organization…

Q: What is the expected value with perfect information (EVWPI)?

A: The expected esteem(value)with wonderful(perfect) information is the measure of benefit predestined…

Q: Choose all the answers that correctly explain why an incoming inspection can be safely eliminated by…

A: Computer manufacturers may choose to forego incoming checks of monitors received from manufacturers.…

Q: Which error is under control of the user? Give justification to support your answer.

A: Errors occur when people engage with user interfaces.

Q: Screening decisions help eliminate undesirable alternatives that may waste time and money. True /…

A: Screening refers to the process of choosing best among the available alternatives by eliminating the…

Q: In the e-government audit approach; the outcome assessment area deals with the performance of the…

A: An audit can be defined as the official inspection which is done on the company’s accounts and is…

Q: The COSO ERM framework presents eight interrelated components of risk management: 1. the internal…

A: Internal control systems are used to safeguard organizations and minimize the risk of fraud and…

Q: be addressed in your brief:  A discussion relating to the attributes that make the Gini coefficient…

A: Gini coefficient is a straight line between equality. Which shows the area comes under the straight…

Q: As part of their responsibilities, all managers get involved in planning, scheduling, and monitoring…

A: Management functions refer to the fundamental activities that managers perform in organizations to…

Q: Which of the following describes how the auditor tests for cut-off? O auditor searches for evidence…

A: Since you have asked multiple questions, we will answer the first question for you. If you want a…

Q: Customer Relationship Management System (CRMS) keeps track of customer requirements including past…

A: Introduction : Customer Relationship Management focus on creating improved relationship between…

Q: Measurement data have a high when the variation of measurements between operators is small. (a)…

A: Reproducibility is correct option because it has a ability to get same result when a measurement is…

Q: The student develops at least one thorough and detailed recommendation for each ratio that is…

A: The financial performance of a company is a critical aspect of its success. Ratio analysis is a…

Q: what controlling strtaegies( in area of direct supervision, budgetary,managemnet by objectives…

A: National Commercial Bank is the commercial Bank located in Saudi Arabia. It provides banking…

Q: Compliance with nondiscrimination rules can be achieved by way of two methods.  Which are the two…

A: Each year, plan sponsors must evaluate typical 401(k) plans to make sure that contributions made by…

Q: You quote the best premium you can obtain for insurance to a prospective client, who tells you…

A: Insurance is an agreement between an insurance company (insurer) and an individual or entity…

Q: Examine the possible cash-flow issues and operational improvement possibilities of at least two KPIs…

A: The objective of the question is to analyze the potential cash-flow problems and opportunities for…

Q: Examples of acceptable identification documents include a U.S. Passport or U.S. Passport Card,…

A: The statement given in the question is a TRUE statement.

Q: All of the following are purposes of preparing Environmental Impact Assessments Except O a. To…

A: Environment Impact Assessment (EIA) - It is a tool for observing and assessing the impact of…

Q: What are the requirements when checking in ClII-Vand PSE products? Date received must be documented…

A: Ans. The CIII-V and PSE products can be defined as medical products or medical ingredients.

Q: Match the steps of LCA to the correct order (i.e. 1st, 2nd, 3rd, 4th) for the analysis process.…

A: LCA - It refers to the methodology for assessing environmental impact associated with all the stages…

Q: The FDA is responsible for meat and poultry, but if a food product has less than 3% of meat, then…

A: For products containing meat, products with less than 3% raw meat, less than 2% cooked meat or other…

Q: nternal and external analyses are dynamic. As such, managers should regularly update these analyses…

A: Internal and external investigations are basic apparatuses utilized by managers to evaluate their…

Q: When dealing with your upstream Supply Chain members, the increasingly common practice is for…

A: In the intricate landscape of supply chain management, the dynamics between downstream customers and…

Q: In the introductory chapter, you have to give the main goal of your study

A: I believe the given statement is false.

Q: s why auditors are responsible for reasonable but not absolute assurance.

A: The reasonable assurance highlights a likelihood of occurrence of material misstatements. The…

Q: As part of their responsibilities, all managers get involved in planning, scheduling, and monitoring…

A: Option True: This option is correct. Managers typically get involved in planning, scheduling, and…

Q: A test will likely suffer low _______ validity if the control and treatment groups significantly…

A: In scientific research design and experiments, validity refers to scientifically answering the…

Q: What is SMED?

A: SMED (Single minute exchange die) is a system intended for reducing the time that takes to complete…

Q: Master Data Management (MDM) represents the entities in the database and their relationships. Select…

A: The given statement is true.

Q: {Auditing} 4. Audit risk may be considered as the product of Inherent risk, control risk and…

A: Audit risk = Control risk x Detection risk x Inherent risk  Inherent risk is the risk of a material…

Q: As part of their responsibilities, all managers get involved in planning, scheduling, and monitoring…

A: The concept of effective management revolves around the ability of leaders to efficiently utilize…

Introduction to Business Messages

Business messaging refers to a variety of channels via which businesses and customers can interact. SMS or text messaging is the most popular method of communication. Shipment reminders, promotional incentives, marketing offers, and scheduled appointments are all things we have dealt with. These are the types of messages we usually identify with business communication. Business messaging can take place on any digital platform where your consumers already spend some time, with the expectation that communication will be two-way. Business messaging brings comfort and simplicity to customers. Customers expect comfort from pre-sales and post-sales engagements with businesses as they do with friends and family. In addition, messaging is the favored method of contacting a firm for 66% of buyers. Here are a few examples of popular business messaging situations.