Auditor:
An auditor is one who checks the books of accounts of the company and gives remark on it. By his professional qualification he provides service to the society. An auditor may be internal auditor or external auditor of the company. An auditor may be a person or firm appointed by the company to perform audit.
Ethics: Ethics are the moral value that a person has to follow in society. Ethics are the principles that provide the knowledge of what is right, and what is wrong. Ethics definition is not same to every person. An activity is right to one person but wrong in the eyes of other. Ethics depend on the human behavior and habits of the individual.
To identify: Ethics rules affecting auditor‘s choice of client.
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Chapter 1 Solutions
FINANCIAL & MANAGERIAL ACCOUNTING
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- What would be the effect on income from operations?arrow_forwardHello tutor answer these general accounting questionarrow_forwardAlam Store recorded the following: cash sales $52,000, credit sales $78,000, sales return $6,000, sales allowances $4,300, and early payment discount taken by customers $3,600. Calculate the net sales.arrow_forward
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