a) Explain what company auditors are and how they are appointed and removed. b) Explain the duties and rights of auditors in a company.
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a) Explain what company auditors are and how they are appointed and removed.
b) Explain the duties and rights of auditors in a company.
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- demonstrate an understanding of accounting principles and practices; apply Generally Accepted Accounting Principles (GAAP) in the accounting cycle demonstrate the relationship between GAAP and accounting practices describe the roles of various agencies (e.g., CPA Ontario, Ontario Securities Commission, Canada Revenue Agency) and their effects on accounting practices.A sales associate prepares a BPO but they can't remember if they can charge the client for this service. You inform the sales associate that in Florida: "You can't charge for the BPO, that's illegal." "You can charge for the BPO as long as you only do so under the supervision of your employing broker." "You can't charge for the BPO unless you run it by a certified appraiser." "You can charge for the BPO, but refer to it as an appraisal toThe AICPA can bar or suspend from practice any accountant deemed to have engaged in "unethical or improper professional conduct." Select one: True False
- - Explain when an accounting period starts for corporation tax purposes.PT. Alakishia has been operating in Jakarta for more than 10 years. Aries is one of the employees who is responsible for recording transactions in the purchasing department when ordering raw materials from suppliers. Once, Wilson as the party who made the payments and received the invoices, resigned from the office, so for the moment everything was in Aries' charge. Jenni as COO of PT. Alakitashia really trusts Aries because by seeing the contribution of Aries for a long time, it is also due to the close friendship between them, thus leaving the work entirely and the internal control to Aries itself. This has caused a lack of segregation of duties, so that since it was fully managed by Aries, the number of purchases has increased and it can be seen how the expenses are higher than before, so it is feared that fraud could occur. In addition, Aries has also collaborated with all suppliers and the production department to harmonize the transaction record in the form of the number of units…How should CPA's evaluate risks to integrity and objectivity when considering providing gifts to audit clients and/or client management or accepting risks from them?
- Can you please help me answer this?1. Exempt from the registration requirement of the Securities Act of 1933 are offerings of securities a. made to a small number of knowledgeable investors. b. issued by for-profit organizations. c. involving a large dollar amount. d. only for large organizations that are for-profit. 2. Global Investments is a foreign investor. With respect to the operations of a limited liability company in the United States, Global can a.not become a member but can participate. b. become a member and participate.c. not become a member or participate. d. Become a member but cannot otherwise participate. 3. Quorum requirements include _________ a. number of decision-makers that must be present before business can be conducted. b. how often decision-makers must meet each year. c. maximum number of shareholders allowed in for-profit companies. d. all other answer choices 4. Fiduciary duties of the directors and officers include a.duty of care b. duty of loyalty c.…Simon is a call center shift leader at an insurance company. This company employs all its employees on an at-will basis. He manages a team of five employees consisting of both males and females. Unfortunately for his team, Simon has significant anger issues and often berates all of the employees on his team, calls them "idiots," "extremely dumb," and "morons," and Simon throws chairs, computer monitors and reams of paper at the employees whenever they do not meet or exceed his unrealistic and physically impossible productivity goals. This pattern of behavior has been going on for almost nine months and occurs at least twice a week. The employees on his team respectfully asked him to stop but he either threatens to fire them or ignores them and laughs at them. Delilah, a female employee of this team believes that she may have Title VII claim. Which of the following statements best describes this scenario? Delilah has a Title VII claim because there was clearly a frequently repeated…