Is it dishonest for an auditor to suggest improvements to a clients credit control system if he
Question:
Is it dishonest for an auditor to suggest improvements to a client’s credit control system if he is doing so to reduce the level of audit risk and not out of a desire to reduce the cost of bad debt for the company?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
No it is not dishonest for an auditor to suggest improvements to a clients credit control system eve...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
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Tia is discussing with Rory and Leigh the risks they identified and how this information will be used in the audit risk model. Tia comments, The audit risk model provides us with a guide for our...
-
iBee is a private corporation located in Punkeydoodles Corners, Ontario, that owns and maintains a large honeybee colony. Tom Doodles established the company as a small hobby business in 1967. Over...
-
Assume that Jimmy Cash has $2000 in his checking account at Folsom Bank and uses his checking account card to withdraw $200 of cash from the banks ATM machine. By what dollar amount did the M1 money...
-
In a process that manufactures bearings, 90% of the bearings meet a thickness specification. A shipment contains 500 bearings. A shipment is acceptable if at least 440 of the 500 bearings meet the...
-
For the given year, find the standard quotas for the New York City boroughs given in Table 17.5 in Problems 23-28. Assume there are eight council seats. Table 17. 5 1840 Year Total 1790 49 1800 81...
-
Identify and explain the general liability exposures facing a business
-
Fin man Company designated Jill Holland as petty cash custodian and established a petty cash fund of $200. The fund is reimbursed when the cash in the fund is at $15. Petty cash receipts indicate...
-
please do required 1-5, Thank you! Superior Markets, Inc., operates three stores in a large metropolitan area. A segmented absorption costing Income statement for the company for the last quarter is...
-
You are auditing the rental income of a car hire company. Suggest the types of inherent and control risk which would be encountered in this type of audit and describe the analytical review and...
-
How can accounting firms overcome the dangers associated with interrelated aspects of the audit being completed in isolation?
-
Write a paragraph summarizing the results in Figure 10.3 that is comparable to the paragraph in Chapter 9, Section 9.15 (Summary and Conclusions of Course Evaluation Study) describing the results of...
-
Harwood Company's quality cost report is to be based on the following data: 2021 2022 Depreciation of test equipment $94,000 $95,000 Audits of the effectiveness of the quality system $54,000 $51,000...
-
Cash contribution of 4,000 to the Accounting Society (a charity) Purchase of art object at an Accounting Society Charitable event for $1,200 (FMV $800) Donation of 3-year-old clothing (basis 800; FMV...
-
The government is issuing $100 million in 10 year debt and receives the following bids. $25 million is reserved for non-competitive tenders. At what yield will the non-competitive tenders be issued...
-
Carrie enjoyed observing wildlife in natural habitats. She wanted to be able to hide at a distance but observe wildlife close up in a variety of circumstances. She visited five different shops and...
-
The operating budget for a certain company shows a net income of $350,000. To achieve this, the company is targeting sales of $637,000, variable costs of $280,280, and fixed costs of $6,720. Compute...
-
Get the trading statistics for the three main U.S. stock exchanges. Compare the trading activity to that of Table.
-
From a medical tourist perspective, compare Shouldice with the traditional hospital in terms of the key factors of competition. Using Table 15-3, why would Shouldice attract patients from outside the...
-
Make-or-Buy Decision Somerset Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $57 per unit. The company, which is currently operating below full...
-
Journalize the adjusting entries on May 31 P3.2A (LO 2, 3, 4) Financial Statement Hank's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Hank's...
-
a question Points out of 10 Question 4 Not yet werd We R Clocks purchases 10,000 electronic timers per year from Quick Time, Inc. for $60 each. Quick Time pays $50 per timer to import the timers....
Study smarter with the SolutionInn App