Related to purchases, what are important concerns addressed by controls? What are the control concerns that are
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
1 Purchases are for goods and services actually needed by the company 2 ...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Auditing and Assurance Services Understanding the Integrated Audit
ISBN: 978-0471726340
1st edition
Authors: Karen L. Hooks
Question Posted:
Students also viewed these Auditing questions
-
What are a control risk assessment questionnaire and a controls matrix? How are these documents used by the auditor?
-
What controls are most important when a company develops or changes computer software?
-
What concerns does the auditor have over access controls and their impact on data security? What impact would a problem with access controls have on the auditors conclusions in an ICFR audit of a...
-
Why program planning is important in public health leadership?
-
While roaming a parallel universe, you discover the hypothetical element Z. You obtain a representative sample of the element and discover that it is made up of two isotopes, Z-47 and Z-51. To help...
-
You can purchase apparel at a discount store, specialty store, category specialist, off-price retailer, department store, or Internet-only store. From which of these types of stores do you shop?...
-
7 Each year, managers at Bausch and Lomb evaluate the many advertising media alternatives available to them as they develop their advertising program for contact lenses. What advantages and...
-
Calculate the rate of cooling (kW) required to bring 300 kg/mm of carbon monoxide from 450C to 50C, performing the calculation (a) Using Table B.2 and (b) Using Table B.8. Considering how much...
-
Cardinal Company is considering a five-year project that would require a $2,755,000 investment in equipment with a useful life of five years and no salvage value. The company's discount rate is 14%....
-
1. A local newsagent makes deliveries to 55% of all the houses in a certain small town. The newsagent delivers two types of items - daily newspapers and weekly periodicals (newspapers or magazines);...
-
What is an imprest petty cash fund, and how does it work?
-
How do auditors and managements concerns differ regarding purchase discounts?
-
Which of these is not one of the types of business messaging identified in the chapter? a. Direct messaging or private messaging b. Workgroup messaging c. Text messaging d. Customer support forums
-
A company which manufactures microwaves advertises that 90% of their microwaves are flawless, requiring no adjustments. Their quality control department tests this percentage on a regular basis. On...
-
A new retail store is being planned for a site that contains 40 ft of soft clay (c 0.075 ft2/day, y = 100 pcf). The clay layer is overlain by 15 ft of sand (y = 112 pcf) and is underlain by dense...
-
Perez Bags (PB) is a designer of high-quality backpacks and purses. Each design is made in small batches. Each spring, PB comes out with new designs for the backpack and for the purse. The company...
-
Find a recent (within the last 12 months) article or economic blog related to price fixing, provide an executive summary of the information. Include an APA reference and/or link. How does the fact...
-
A rectangular block of a material with a modulus of rigidity G=90 ksi is bonded to two rigid horizontal plates. The lower plate is fixed, while the upper plate is subjected to a horizontal force P....
-
If set \(A=\{\) silver, gold, bronze \(\}\) and set \(B=\{\) silver, gold \(\}\), find the number of elements in \(A\) or \(B\). Determine the cardinality of the union of set \(A\) and set \(B\).
-
Archangel Corporation prepared the following variance report. Instructions Fill in the appropriate amounts or letters for the question marks in the report. ARCHANGEL CORPORATION Variance...
-
What is a decomposer? What organisms function as decomposers in most communities?
-
For each of the following brief scenarios, assume that you are the CPA reporting on the clients financial statements. Using the form included with this problem, describe the reporting circumstance...
-
For each of the following brief scenarios, assume that you are reporting on a clients current year financial statements. Reply as to the type or types of opinion possible in the circumstance. S...
-
Your firm audits Metropolitan Power Supply (MPS). The issue under consideration is the treatment in the companys financial statements of $700 million in capitalized construction costs relating to...
-
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
-
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
-
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.
Study smarter with the SolutionInn App