Who is considered the client when auditing public companies?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Because the SarbanesOxley Act of 2002 explicitly shifts respons...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0133125689
15th edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Question Posted:
Students also viewed these Auditing questions
-
Who sets accounting standards for public and private companies in Canada?
-
When companies decide to shift from private to public financing by making an initial public offering for their stock, they are likely to face increased costs of investor communications. Given this...
-
Public Housing and Housing Subsidies: In exercise 2.14, you considered two different public housing programs in parts A(a) and (b) one where a family is simply offered a particular apartment for a...
-
Investor's Report Objectives: You will conduct financial statement analysis of two comparable companies and provide recommendations about the financial position about each for two investors. Select...
-
As part of a study of the psychobiological correlates of success in athletes, the following measurements (courtesy of W. Morgan) are obtained from members of the U.S. Olympic wrestling team. (a) Plot...
-
Obtain the voltage transfer function H v for the open circuit shown in Fig. 12-11. At what frequency, in hertz, does |H v |= 1/2 if (a) C 2 = 10 nF, (b) C 2 = 1 nF? V R = 5 kn www 1 = 0
-
Recognized limitations of financial statement analysis include each of the following except: a. companies in the same industry using different accounting methods. b. inflation. c. different levels of...
-
Outline the possible disadvantages of using a parallel translation technique? As an overseas student, Zaid Kilani chose to research downsizing in his home country in the Middle East. He was...
-
Acme Company's production budget for August is 19,500 units and includes the following component unit costs: direct materials, $8.00; direct labor, $12.00; variable overhead, $6.00. Budgeted fixed...
-
Huang Furniture Company showed the following adjusted account balances on September 30, 2020: Equipment...
-
The following questions concern persuasiveness of evidence. Choose the best response. a. Which of the following types of documentary evidence should the auditor consider to be the most reliable? (1)...
-
Table 13-3 illustrates variations in the emphasis on different types of audit tests. What are the benefits to the auditor of indemnifying the best mix of tests?
-
In the Taylor series (4.85) of Prob. 4.1, let the point x = a be called xn (that is, xn ¡ a) and let s ¡ x - a = x - xn, so x = xn + s. (a) Use this notation to write (4.85) as f(xn + s)...
-
A positive charge q = 2.60 C on a frictionless horizontal surface is attached to a spring of force constant k as in the figure shown below. When a charge of 42 = -8.350 C is placed 9.50 cm away from...
-
Suppose the economy has the following consumption pattern Sandwich Hotdog Cell phone Super car 2019 Price $7 $3 $200 $5,000 Quantity 500 400 100 3 2020 Price $10 $5 $250 $7,000 Quantity 200 400 100 2...
-
Explain the interplay between thermodynamics and statistical mechanics in describing the behavior of large ensembles of particles, focusing on the connection between macroscopic thermodynamic...
-
Calculate the details of working capital? current ratio = 3 . 5 liquid ratio = 2 . 5 stock turnover ratio = 6 time debtor collection period = 3 months gross profit ratio = 2 0 % net working capital...
-
8 A car is driving along at 13 m/s, and the rain is falling at 7 m/s straight down. What angle (in degrees) does the rain make with respect to the horizontal as observed by the driver?
-
Is adultery, fornication, or illicit cohabitation a crime in your state? If so, what are their elements?
-
Distinguish between the work performed by public accountants and the work performed by accountants in commerce and industry and in not-for-profit organisations.
-
The trial balance of Harper Service Center as of March 31, 2024, follows: Requirements 1. Open the accounts listed in the trial balance using the balances indicated. Use the T-account format. 2....
-
An auditor often tries to acquire background knowledge of the client's industry as an aid to audit work. How does the acquisition of this knowledge aid the auditor in distinguishing between obsolete...
-
Define what is meant by a related party. What are the auditor's responsibilities for related parties and related party transactions?
-
Which types of loans to executives are permitted by the Sarbanes- Oxley Act?
-
In Jamala's school, high school seniors may choose their Science and English classes. For Science, 40% of the students choose Geology. For English, 30% of Geology students choose Creative Writing....
-
1.Pharoah, Inc., management expects to pay no dividends for the next six years. It has projected a growth rate of 25 percent for the next seven years. After seven years, the firm will grow at a...
-
The following information appears in the records of Bock Corporation at year-end: Accounts Receivable $28,000 Retained Earnings $ ? Accounts Payable 12,000 Supplies 8,000 Cash 7,000 Equipment, net...
Study smarter with the SolutionInn App