When was the Muscat Clearance and Depository Company (MCDC) established and what are the most important functions it does?

Q: List internal control procedures related to e-commerce.

A: E-commerce: E-commerce is one form of business transactions made with the help of electronic…

Q: What's the related cost of implementing database system?

A: This question explains about  the related cost of implementing database system.

Q: s data independence? why is it important in a comparison of the application and centralised database…

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Q: What tools do auditors use to verify the ending balances in the various accounts in the acquisition…

A: Auditors are professionals who are responsible for examining and evaluating the financial records…

Q: As an auditor, how would you audit the following Internal Control Revenue

A: Answer: Auditor is the person who audits the financial statement to present independent opinion. The…

Q: As a form of internal control, what documents would you review prior to paying an invoice received…

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Q: According to IAASB what are the functions of an external audit?

A: IAASB is an independent body that sets the standards for auditing practices, quality control,…

Q: Which of the following assets require the strongest of internal controls?A. inventoryB. credit…

A: Internal control procedures are those techniques and procedures which are established for the…

Q: The most reliable evidence regarding the existence of newly acquired computer equipment isa. Inquiry…

A: For tangible objects, visible proof is significant. Physical inspection may demonstrate that real…

Q: How does the Sarbanes-Oxley Act relate to internal controls?

A: Sarbanes-Oxley act was formed in 2002. It was made to restrict the fraudulent financial reporting.…

Q: how does data analytics affect internal controls in an organization?

A: Internal controls are the measures an organization puts in place to ensure the integrity of…

Q: What is the purpose and used of audit confirmation materials?

A: Introduction:- Audit confirmation is the practice of receiving a direct answer from a third party in…

Q: What types of controls are in place to protect data (such as company information or customer…

A: There are many controls which can be put to protect the data as these are very confidential and they…

Q: Whose property are audit documentation (audit workpapers)? In what form must they be?

A: Auditing:                   It is a systematic verification of the books of accounts of an…

Q: What are the data collection procedures that accountants (people) employ, and how do they ensure…

A: solution the data collection procedures that accountants (people) employ are listed below…

Q: What are the different types of pending checks

A: The bank reconciliation statement is prepared to equalize the cash book and pass book balances.

Q: What should be included for the Auditor's address?

A: Auditor's address should be mentioned in the Auditor's report. The city and state where the auditor…

Q: What type of internal control is matching supporting documents before paying an invoice?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: What is an internal exchange transaction, and how is it reported?

A: Internal exchange transactions are those reciprocal exchange transactions that occur between funds…

Q: What type of internal control is preparing batch totals for check processing?

A: Internal controls: It refers to those rules and procedures that are implemented by an enterprise for…

Q: At which points in the revenue cycle are independent verification controls necessary?

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Q: An element of internal control is   a. risk assessment   b. controlling accounts   c. journals…

A: Introduction: Fraud: To deceive the others intentionally called as Fraud. There are several types of…

Q: What is the role of a Database Administrator?

A: Database:  A database can be defined as a collection of structured data which is stored in digital…

Q: do COSO Internal Controls prevention fraud?

A: Internal controls are the policies and procedures put in place to protect your company's assets,…

Q: What control system and subsidiary accounts should be included in Ermler & Trump’s manual accounting…

A: Control system and subsidiary accounts that should be included in Ermler & Trump’s manual…

Q: Which of the following statements is true?a. Journal vouchers detailing transaction activity flow…

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