The management of Nickle Company asks you, as the company accountant, to explain (a) The concept of
Question:
The management of Nickle Company asks you, as the company accountant, to explain
(a) The concept of reasonable assurance in internal control
(b) The importance of the human factor in internal control.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
a The concept of reasonable assurance rests on the premise that ...View the full answer
Answered By
John Aketch
I am a dedicated person with high degree of professionalism, particularly in academic writing. My desire is to is to make students excel in their academic endeavor.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Cost Accounting questions
-
The concept of reasonable assurance applies to internal control, but Maria Salzo, the chief compliance officer of the ABC Company, says that she does not care about reasonable assurance. She wants...
-
You have just been appointed as the new management accountant to manage the transition of the existing Royal Adelaide Hospital to the proposed new site. The hospital has a number of separate...
-
You are a management accountant working for a company called BHP, which manufactures iron ore. BHP's investment to progress the development of ground-breaking technology to reduce carbon emissions...
-
A quality inspector selects a sample of 12 items at random from a collection of 60 items, of which 18 have excellent quality, 25 have good quality. 12 have poor quality, and 5 are defective. (a) What...
-
Distinguish raw data, treated data, and results.
-
Prove that 11 n 4n is divisible by 7 for all natural numbers n.
-
Is it a good idea for a board to use application forms as a recruitment method?
-
The following items present a sample of business activities involving Dry Cleaner Corporation (DCC) for the year ended December 31. DCC provides cleaning services for individual customers and for...
-
Realice el registro de la empresa Primera SA los siguientes hechos econmicos del mes de abril de 2021 en el Libro Diario: 1. Compra de mercancas por 38000 a crdito 2. Venta de mercaderas por 18,000...
-
Classify the following as cross-section or time-series data. a. Food bill of a family for each month of 2015 b. Number of accidents each year in Dallas from 2000 to 2015 c. Number of supermarkets in...
-
Liz Kelso is reviewing the principle of segregation of duties. What are the two common applications of this principle?
-
Riverside Fertilizer Co. owns the following assets at the balance sheet date. Cash in bank savings account ....... $ 8,000 Cash on hand ............. . 850 Cash refund due from the IRS ....... 1,000...
-
Use a CAS and the inequalities in (5) from Exercise 83 to determine the value of within an error less than 10 4 . Data From Exercise 83 (5) 00 H=1 -5 to
-
What is the definition of a regression analysis, and why would a researcher be interested in using this type of analysis? Share at least three specific real-world business examples where a regression...
-
Torres Scooters, Inc. is the wholesale distributor of scooters. The following data is available in the annual budgeting process. Budgeted Sales (Unit) 520 Selling price per unit $2,150 Cost per unit...
-
Suppose that one truck can complete the job in ???? trips and the other truck can complete the job in 1 2 0 trips. Write an . equation to represent the total number of trips, ???? , reguired if the...
-
Why Cultivating Power is the Secret to Success video critique the following statement made by Abraham Lincoln: "Nearly all men can stand adversity, but if you want to test a man's character, give him...
-
A rocket is launched with a speed of 9.00 x 102 m/s vertically out from the surface of a spherical planet with a mass of 1.00 x 1025 kg and a radius of 7.00 x 107 m. What is the maximum distance from...
-
Compare the ACA passed in 2010 with the Massachusetts health plan adopted in 2006 (use the Internet to obtain more details than we have provided in this chapter). Be sure to note the similarities and...
-
Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement years. If they can earn 8 percent annually on their funds, how much do they need to save annually?
-
Find out what contracts are considered formal contracts in your jurisdiction.
-
Your examination of the records of Southlake Co. shows the company collected $85,500 cash from customers and paid $48,400 cash for operating costs during 2017. If Southlake followed the accrual basis...
-
Reyes Rides is owned by Jason Reyes. The company has an August 31 fiscal year end and prepares adjustments on an annual basis. The following is an alphabetical list of its accounts at August 31,...
-
The Highland Cove Resort has a May 31 fiscal year end and prepares adjusting entries on a monthly basis. The following trial balance was prepared before recording the May 31 month-end adjustments:...
-
What is the allocation amount for the Denver hotel if the allocation is made on the basis of property size
-
On Dec 3, Sterling orders and receives 6 workstations and a server from Dell on account. The workstations cost $800 each and the server costs $2000. Payment terms with Dell net 30. On Dec 5, Sterling...
-
What did you find most interesting, unexpected, disappointing about freelance work
Study smarter with the SolutionInn App