What is the best approach for compensating auto accident victims?

Q: Explain contributory negligence.

A: Auditing is a gathering of information and evaluation of evidence as to report on the degree of…

Q: For automobile insurance, Describe how risk can be managed. Evaluate the risks in society.…

A: Automobile insurance is a type of insurance that provides financial protection for damages or…

Q: Is disaster insurance unfair to insurance companies ? Explain your answer and provide an example.

A: Disaster Insurance The meaning of disaster insurance is is different from the life insurance which…

Q: How tools are used in insurance risk management

A: Risk Management Techniques  Techniques for coping with dangers are known as risk management…

Q: Why is continuing education required to maintain certification?

A: Auditing is the process by which assertions made by management about financial transactions of a…

Q: What considerations should an auditor take into account before taking a job? Explain.

A: Auditing involves an independent examination of financial records of the entity with a view to…

Q: What are your recommendations for Insurance companies ?

A: 1.lapsation benifit to all 2. Reasonable refundable value 3. Single expense ratio

Q: What type of knowledge, skills and abilities are required for a forensic accountant? Explain briefly

A: SOLUTION- FORENSIC ACCOUNTING SKILLS - IT ENABLE AN ACCOUNTANT TO GATHER EVIDENCE OF FRAUD AND OTHER…

Q: why should the client represantion letter be prepared foreach examination?

A: SOLUTION  REPRESENTATION LETTER  IS A LETTER WRITTEN FROM THE ASSOCIATION TO ITS  ACCOUNTANT…

Q: Why would an investigator interview the prime suspect last in the interview proces

A: Fraud investigation is an important area in accounting especially after big fraud scandals like that…

Q: Why is health insurance a necessity?

A: Health insurance is a type of insurance policy that coverage any medical expenses incurred owing to…

Q: ame a personal liability that someone might have and identify whether it's a current or long-term…

A: A person or organization's personal responsibility is the amount of money owed to them. Taxes,…

Q: scuss insurance costs and unreimbursed losses

A: Defining and discussing  the terms, Insurance Cost and unreimbursed losses, both the terms are used…

Q: What is the expenses for implementing hazard and other benefits to medical workers during the…

A: During the pandemic situation the business organisation will have less expenses for employees…

Q: Recognize the difference between a medical issue and its symptom. Give an illustration of what I…

A: Identifying the Issue: Finding errors and omissions in accounting records is a process known as…

Q: Have we made the payment structure of health care to complicated?

A: Health care providers are paid based on the quality of care they provide rather than…

Q: For hedging purpose, a client is of the opinion that the delta normal method is the most appropriate…

A: Delta normal Method:- This method is used for the portfolio's that are linearly dependent on the…

Q: Identify the process of Recovery Audit Contractors and discuss its impact on healthcare…

A: Recovery Audit Contractors The main obligation of Recovery Audit Contractors to identified the fault…

Q: Please summarize tthings that CPAs can do to limit their liability and prevent lawsuit

A: CPAs are certified public accountants. In other words they are licensed accounting professionals who…

Q: ce risk management tools?

A: Risk Management Techniques  Techniques for coping with dangers are known as risk management…

Q: What standards do Forensic Accountants follow and why?

A: The accounting professionals who use accounting knowledge and investigation skills for settlement of…

Q: What considerations should an auditor take into account before taking a new engagement? Explain.

A: Introduction: A financial audit is a systematic examination and evaluation of an organization's…

Q: How would you define what you do as a forensic accountant?

A: Forensic Accountant are the professionals which performs the accounting tasks by the art of research…

Q: How do auditors use technology to mitigate the challenge of the pandemic?

A: The pandemic disrupted many aspects of accounting. The impact was felt in the field of auditing as…

Q: Does government social security programs solve the adverse selection and moral hazard problems?

A: Government units impose and control social security plans in order to provide social benefits to…

Q: Can moral hazard in the market for insurance exist without adverse selection? Explain

A: Adverse selection refers to a situation in which sellers have information about a product's quality…

Q: What audit procedures can be used to verify officers’ compensation?

A: Audit procedures are those procedures or techniques which are followed through the auditors, in…

Q: What are some questions that a CPA should consider when resolving an ethical dilemma?

A: The objective of this question is to identify the key considerations a Certified Public Accountant…

Q: What are the rights provided by the general health insurance

A: Health insurance are very common now days due to increased risk of disease in  health insurance you…

Q: What is lapping?  How can it be detected by an auditor and how can it be prevented?

A: Lapping is an accounting fraud where cash stolen or cash misappropriation is concealed by altering…

Q: What is the appropriate level of care? What requirements do auditors have to live up to in terms of…

A: It is Answer of the appropriate level of care? What requirements do auditors have to live up to in…

Q: Risk is the uncertainty that matters because it affects people’s welfare. Briefly define and give…

A: Diversifiable Risk: Unsystematic Risk is also known as Diversifiable Risk and can be defined as a…

Q: Indicate whether each statement is true or false, and justify your answer.The results of any CEA…

A: Cost Effective Analysis is the analysis where comparison between the total cost with the expected…

Q: What is the difference between ordinary repairs and extraordinary repairs? How should each be…

A: Ordinary repairs are those repairs which are being done in normal course of business to maintain the…

Q: Which of the following can help to mitigate the cost of professional negligence? a. Obtaining…

A: Step 1   Professional negligence is a breach of the due diligence and care between professionals and…

Q: Discuss the impact risk exposures have on families and friends.

A: Risk exposure: While risk refers to the possibility that the actual outcome may be different from…

Q: which of the following is not a specific risk to individual for violations of AML Laws? Civil…

A: Anti-Money Laundering (AML) laws = AML laws are a set of regulations and measures implemented by…