What is a responsible party? Why is it necessary for the accountant to identify one?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
A responsible party is the person at the client who is accountabl...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
Why is it necessary for the accountant to define the objectives of financial reporting for the enterprise for which he or she is preparing financial statements?
-
Why is it necessary for managers and other decision makers to understand how accounting information is developed and reported? Shouldnt it just be managements job to manage and the accountants job to...
-
Why was it necessary for The Isle of Capri Casinos to develop a data warehouse?
-
A restaurant records the following data over a month for its food: Opening inventory: $31,000 Purchases: $88,000 Closing Inventory: $28,000 Transfers in: $800 Transfers out: $200 Employee meals:...
-
Wilma trades a fully depreciated computer used in her business for a new computer with a selling price of $3,200. Wilma pays only $2,500 for the computer because she receives a $200 discount as a...
-
Draw the product of the reaction of nicotinic acid with a. Catalytic sulfuric acid and excess methanol b. LiAlH4, then H3O1 c. H2 (excess) with Pt
-
Explain the meaning and importance of supply chain management (SCM).
-
Georgia Shacks produces small outdoor buildings. The company began operations in 2010, producing 2,000 buildings and selling 1,500. A variable costing income statement for 2010 follows. During the...
-
Suppose you are training a decision tree classifier. As the size of tree grows (the x-axis in the plot shows the number of tree nodes), the classification accuracy curves of training and test data...
-
Construct a bear money spread using the October 165 and 170 calls. Hold the position until the options expire. Determine the profits and graph the results. Identify the breakeven stock price at...
-
What is attestation? Provide some examples of attestation engagements.
-
What are the differences among an examination, a review, and agreed- upon procedures?
-
"A truly random series will likely have a very small number of runs." Is this statement true or false? Explain your choice.
-
Extend the class GraphType in this chapter to include a DeleteEdge operation, which deletes a given edge. 1. Write the declaration of this function. Include adequate comments. 2. Using the adjacency...
-
What are the three ways that two classes can relate to one another?
-
Explain how paths and branches relate to code coverage in testing. Can we attempt 100% path coverage?
-
Draw the adjacency matrix for ZooGraph. Store the vertices in alphabetical order. ZooGraph V(ZooGraph) E(ZooGraph) = (V, E) = {dog, cat, animal, vertebrate, oyster, shellfish, invertebrate, crab,...
-
True or False? A full binary tree has all the leaf nodes on the same level, and every nonleaf node has one or two children.
-
The ingredients for making 1 dozen cupcakes are: If you have only 5 eggs but plenty of all of the other ingredients: (a) How many cupcakes can you make? (b) How many cups of sugar do you need to make...
-
How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...
-
In this chapter, we discussed long-term bonds as if there were only one type, coupon bonds. In fact, investors can also purchase long-term discount bonds. A discount bond is sold at a low price, and...
-
Which of the following is the least important consideration for a governmental auditor who needs to be objective when auditing and reporting on an agencys achievement of program goals? a. Measure the...
-
Compliance auditing performed under the Single Audit Act of 1984 in accordance with GAGAS is necessary for an auditors a. Report on the auditees internal control, including reportable conditions and...
-
Which two of the following characterize the work of fraud examiners? a. Analysis of control weaknesses for determination of acceptable fraud risk. b. Analysis of control strengths as a basis for...
-
Given the formal form representation below: Contribute Charles Don't Bob Bob Contribute Don't Contribute Don't Contribute 5,5,5 3,6,3 Contribute 3,3,6 1,4,4 Don't 6,3,3 4,4,1 Don't 4,1,4 2,2,2
-
2. What is the potential asymmetry in the effect of interest rates on Investment? 3. Describe whether the following changes cause AD to shift to the right, to the left or to not shift all. (Draw a...
-
1.For an open economy with high capital mobility and fixed exchange rates, explain why an expansionary fiscal policy would be more successful in stimulating the economy, and why an expansionary...
Study smarter with the SolutionInn App