Which of the following statements is false regarding related parties? a. Management should have controls in place
Question:
Which of the following statements is false regarding related parties?
a. Management should have controls in place for identifying related parties.
b. Related party transactions do not have to be disclosed if they are conducted at “arm’s length.”
c. A subsidiary company is considered a related party.
d. The presence of related parties is considered a fraud risk factor.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
b Related party tr...View the full answer
Answered By
PATRICK MACHARIA
Having three years of tutoring experience and a Masters degree in statistics can be a great asset in helping students learn and excel in this subject. My experience as a tutor has likely given you a deep understanding of the learning process and how to effectively communicate with students. My Masters degree in statistics has provided me with a solid foundation in the subject matter, making you an expert in this field.
As a tutor, i am likely skilled in assessing the needs of individual students and tailoring your approach to their unique learning style. I may use a variety of teaching techniques, such as visual aids, real-world examples, or hands-on exercises, to help the students understand key concepts in statistics. Additionally, i may be well-versed in the use of statistical software, data analysis, and interpretation of results, which are essential skills for students studying statistics.
My Masters degree in statistics provides me with a deep understanding of the theoretical principles underlying the subject. This knowledge can help me to explain complex concepts and theories to the students in a clear and concise manner.
0 Reviews
10+ Question Solved
Related Book For 
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
Question Posted:
