A.
Introduction:Auditor’s independence means audit is conducted by the auditor in an unbiased manner and is in accordance with the recognized standards and rules.
To explain: The unethical behaviour of Ms. S.
B.
Introduction: Auditor’s independence means audit is conducted by the auditor in an unbiased manner and is in accordance with the recognized standards and rules.
To discuss:Comparison between the ideas of independence in fact and independence in appearance.
C.
Introduction: Auditor’s independence means audit is conducted by the auditor in an unbiased manner and is in accordance with the recognized standards and rules.
To explain: The punishment given to Ms. S is valid.
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Chapter 1 Solutions
Auditing: A Risk Based-Approach (MindTap Course List)
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- Provide answer general accountingarrow_forwardOn January 1, 2021, Nohara Inc, had cash and share capital of Yen 60,000,000. At that date, the company had no other asset, liability, or equity balances. On January 2, 2021, it purchased for cash Yen 20,000,000 of equity securities that it classified as non-trading. It received cash dividends of Yen 4,500,000 during the year on these securities. In addition, it has an unrealized holding gain on these securities of Yen 6,500,000 net of tax. Determine the following amounts for 2021: a) Net income. b) Comprehensive income. c) Other Comprehensive Income, and d) Accumulated other comprehensive income (end of 2021).arrow_forwardCORRECT ANSWER✅arrow_forward
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