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: What Is Forensic Accounting?

A: Forensic Accounting i an integral part of Accounting.Its basically kind of Hindsighting in a legal…

Q: What recommendations will you give to prevent fraud?

A: Fraud is an unethical activity performed against an organization's policy in order to take personal…

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: Distinguish between normal and abnormal losses and explain.

A: Definition:Normal Loss: Loss due to the inherent nature of processes and raw materials.Abnormal…

Q: The following are the statements of financial position (balance sheet) of Prominent Sdn Bhd as at 30…

A: A cash flow statement is one of the important primary financial statements that is prepared in order…

Q: Contrast the liability issues and disclosure of errors. Does disclosure minimize the risk? Does the…

A: A liability is an obligation which a person makes or owes to another party in the business. It could…

Q: Why is there a cost associated with reinvestedearnings?

A: There is some adaptability in the measure of funds that will be created from new reinvested earnings…

Q: Which one of the following options best describes the Egg Shell Skull Rule? Select one: a. The…

A: The question is multiple choice question and is related to tort law system. It is a legal doctrine…

Q: What standards do Forensic Accountants follow and why?

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

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: Should standards be used to identify whom to blame for problems?

A: Standards are set to identify whether the actual activity is performed efficiently. The variances…

Q: On February 22, Triangle Corporation acquired 2,700 shares of the 95,000 outstanding common stock of…

A: Accounting for investment is the process of journalising the transactions occurred due to…

Q: Describe moral hazard.

A: Moral hazard refers to circumstances in which an individual chooses to apply little or no effort, or…

Q: Should standards be used to identify who to blame for problems?

A: Standards are set to identify whether the actual activity is performed efficiently. The variances…

Q: Is there a conceptual difference between an error and negligence from a reasonable care perspective?…

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Q: what is a validity check?

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Q: What is immunized?

A: Immunization is concept which states that the change in interest rates will not affect the value of…

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: Sterilized Intervention Explain the difference between sterilized and nonsterilized intervention.

A: Sterilization Intervention involves two different steps performed to keep the monetary base intact.…

Q: In what situation should you MAKE?

A: Make or Buy: Make or Buy decision are normal condition arises in front of management due to…

Q: What is the relevance of eyewitness in coming up with a sound historical account?

A: Accounting: Accounting can be defined as a process under which all the business transaction having…

Q: What do you think is the appropriate penalty?

A: Given: The appropriate penalty is explained as below,

Q: Describe Due Professional Care

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