In which of the following instances does Entity A have control over Entity B?

Q: In providing discretionary information, the focus should be on meeting regulatory requirements О…

A: The given statement is False.

Q: T F There is added protection for whistle-blowerswho report violations of the Sarbanes–Oxley Act.

A: People who report violation to Sarbanes Oxley Act are protected as per law under Section 806 of SOX

Q: An entity shall disclose the contractual amount outstanding on financial assets that were written…

A: These given statement is False... An entity shall disclose the contractual amount outstanding on…

Q: Explain, in detail, the way in which the integrity measures that protect the imputation system…

A: Imputation system of taxation involves the process of taxing the profit distributed by a company at…

Q: Non-compliance does not include: a. Professional misconduct b. Personal misconduct c. Intentional…

A: Non compliance include: Professional misconduct Intentional errors and omissions by entity…

Q: Defihe and explain -An agreement that violate statute - An agreement that violate public policy…

A:

Q: What factors will the courts take into account when deciding whether a person is an  employee or an…

A: In determining whether a person is an employee or an independent contractor, the courts will…

Q: Indicate the effect each of the three transactions has on the financial statement categories listed…

A: Double entry system: In accounting every entry has dual effect, that means, if some entry is passed…

Q: Which of the following elements is not a requirement for a plaintiff to recover damages under the…

A: A tort is an act or omission that causes hurt or harm to another person and is treated as a civil…

Q: Which one of the following situation where a performance obligation is satisfied over time ?  a-…

A: As per IFRS15 Performance obligation is satisfied over time if any of the following conditions are…

Q: If the agency relationship is undisclosed, the agent is liable to the third party if they fail to…

A: A fiduciary relationship in which one person, referred to as the principal, authorizes another…

Q: Explain the principle of “separate legal entity”.

A: Bookkeeping means recording the transactions which have any monetary value. It is the business…

Q: Do you agree that contract should be interpreted based on an objective assessment of the parties…

A: In 2014, the Supreme Court of North American nation rendered 2 choices concerning the law of…

Q: Explain whether the following statement is true: “Duress is an unlawful threat of harm or injury…

A: A void contract is a formal agreement that is voidable from the moment it is signed. Although both…

Q: What evidence, if any, exists to suggest that the IASB has been subject to 'regulatory capture"?

A: The International Accounting Standards Board (IASB) is an independent standard-setting body that…

Q: principal and an agent, granting speci behalf of the principal. This is an example of:

A: Agent and principal are related in such a way that principal is bound by the activities undertaken…

Q: Positive laws are passed and promulgated by competent and legitimate

A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: A court will uphold any agency rule making decision so long as the agency at issue did not exceed…

A: Agency decision refers to the final order to the decision or the determination of the administrative…

Q: What are the two primary elements of independence? Independence in fact and independence in…

A: Independence is a fundamental principle in professional ethics, especially in fields like accounting…

Q: Contrast

A:

Q: The AICPA Code of Professional Conduct will ordinarily be considered to have been violated when the…

A: AICPA Code of professional conduct is issued by American Institute of Certificated Public…

Q: A doctrine under which a principal or an employer is held liable for the wrongful acts committed by…

A: Option D "vicarious liability."   Explanation This is a legal principle that holds employers or…

Q: Vicarious performance

A: The Vicarious performance represents the contractual obligation that is performed by a third party…

Q: The Rule against Perpetuities is a common law restriction against creating interests that would vest…

A: Section 14 of the ‘The Transfer of Property Act, 1882’ (TPA) is rightly called ‘Rule against…

Q: Arbitration is a judicial process in which parties submit grievance to an arbitrator who makes a…

A: Arbitration is an agreement in which parties agrees to resolve the dispute by a settlement.

Q: Accounting uses a double-entry system. Explain what this sentence means?

A: Business Accounting: Accounting refers to the process of recording analyzing and interpreting…

Q: Members of the board have the following fiduciary duties: the duty of care and the duty of loyalty.…

A: The duties of care and loyalty, which are the basic rules contained in the code of conduct, holding…

Q: How would an auditor communicate  known there are violations of the law and the auditor's…

A: Audit is the process in which auditor independently examined the financial information of any type…

Q: Assess the circumstances in which an S election versus C may be involuntarily terminated.

A: An S corporation (S corp) and a C corporation (C corp) are two distinct corporate structures with…

Q: he communications between CPAs and their clients are privileged under federal law. True or False

A: Auditing means the inspection of financial accounts of the company to determine if the records are…

Q: What are the key features of the objection and appeal process against the Commissioner’s decision?

A: When making an objection, the following procedure should be followed: The Income Tax Act's Sections…

Q: Discuss creation of principal and agency relationship. What is vicarious liability?

A: At the point when an individual connects with another to follow up for his sake it makes a connec…

Q: today, most federal regulations are exercises of what authority according to the commerce clause of…

A: Clause 3 of U.S .Constitution authorizes power to  congress to regulate the commerce with several…

Q: The communications between CPAs and their clientse are privileged underfederal law. True or False?

A: CPA and client communication is always very important as it contain very useful information…

Q: s cannot contravene, much less overrid

A: The answer has been mentioned below.

Q: satisfied over time if: Group of answer choices The customer simultaneously receives and consumes…

A: A performance obligation refers to a promise to provide a different or unique good or service. it…