Explain the concept of due professional care and how it might be used in a court case
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
The standard of due professional care plays a role in litigation a...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Question Posted:
Students also viewed these Auditing questions
-
How did Dave evaluate whether or not his idea for magnetic poetry was successful?
-
Explain the concept of independent events.
-
How might a SIPOC map be used in a process improvement process?
-
The following selected financial information was obtained from the 2012 financial reports of Robotranics, Inc. and Technology, Limited: Assume that total assets, total liabilities, and total...
-
If the depth of cut is 0.35 in., what is the metal removal rate in Problem 2?
-
180 day t-bill is trading at a discount of 5% and has a face value of $10,000. What is the rate of return you will earn on the investment if held to maturity?
-
What is a preference share and why might a company favour this form of finance?
-
The MoMi Corporations cash flow from operations before interest and taxes was $2 million in the year just ended, and it expects that this will grow by 5% per year forever. To make this happen, the...
-
Kelly Company uses the gross method and a perpetual inventory system. Assuming the following entries, compute the amount that Kelly Company received on June 19. June 9 Sold goods costing $7,200 to...
-
Daniel B. Butler and Freida C. Butler, husband and wife, file a joint return. The Butlers live at 625 Oak Street in Corbin, KY 40701. Dan's Social Security number is 111-11-1112, and Freida's is...
-
What are the three major categories of audit standards? What are the purposes served by each category of the standards?
-
What are the major procedures an audit firm can implement to help ensure that audits are conducted in accordance with due professional care?
-
Use your intuition to determine whether the variation between the indicated quantities is direct or inverse. The width of the lawn mower and the time it takes to mow the lawn.
-
Give Introduction to Humanities Use your own words with quotation marks in this discussion.
-
Is the function {(8,4), (1, 1), (6, 6), (7, 8), (3, 5)) one-to-one? Select Is the function {(4, 1), (8, 4), (2, 3), (7, 7), (3, 1)} one-to-one? Select
-
Define social capital (define in your words based on and citing the text) and describe how social capital is acquired and leveraged within social networks and the organization?
-
Distinguish between nominal and real interest rates.Why are nominal interest rates often higher in third world countries?Also, define the effective interest rate.Provide three examples.
-
1-bromobutane will undergo reactions when heated, as shown by reactions A and B. CH3CH2CH2CH2Br A B CH3CH2CH2CH2OH CH3CH2CH=CH2
-
Co Q requires your assistance to complete its deferred tax and tax expense calculation for the year ended 31 December 20x2. The following schedules are provided to you below: (a) Tax computation for...
-
State whether each statement is true or false. If false, give a reason. {purple, green, yellow} = {green, pink, yellow}
-
Write out the first five terms (beginning with \(n=1\) ) of the sequences given in Problems 3-10. \(\left\{\left(\frac{1}{3}ight)^{n-1}ight\}\) \(1, \frac{1}{3}, \frac{1}{9}, \frac{1}{27},...
-
Why would an auditor need to use an outside specialist when performing an audit? Identify specific accounts or assertions where a specialist might be needed.
-
What factors should the auditor consider when evaluating the professional qualifications of a specialist?
-
What is a related-party transaction? Provide examples of transactions that would be considered related-party transactions.
-
A corporate bond has 1 7 years to maturity, a face value of $ 1 , 0 0 0 , a coupon rate of 5 . 5 % and pays coupon twice a year. The annual market interest rate for similar bonds is 3 % . Part 1 What...
-
Martin D . Martian Inc. is considering the purchase of a new argyle sock knitting machine to replace a less automated one. The new machine will cost $ 2 5 0 , 0 0 0 plus $ 3 0 , 0 0 0 for shipping...
-
If the sample size increases while keeping the confidence level constant, what happens to the width of the confidence interval?
Study smarter with the SolutionInn App