1)Hello brother, please help me. Answer all the questions. I will not forget your favor. Please write only question number and answer code.
Audit&Assurance1
Question 29 Not yet answered Marked out of 1 P Flag question In DEW Company, the Board of Directors are very constant and serious in monitoring its management team to ensure that shareholders will get a fair return on their investments and moreover the board instructed the management to be very open about its financial results and operations. This is an application of which principle and importance of corporate governance? a. Disclosure and Transparency and Independence ob. None of these OC. Involvement of Stakeholders and Fairness od. Rights of Shareholders, Honesty in reporting and Transparency Question 27 Not yet answered Marked out of 1 P Flag question Laila is the accountant of HGM Company and she convinced Mariane the company cashier that cash credit collections made in the last week of the month will be shared by the two of them and will be recorded in the books as bad debts. They were able to do it because of the weak accounting system without firewalls and secured tools and with the added help of a friend who works in IT department. Which internal control limitation is described in this given scenario? O a Management Override and Breakdown o b. Deficiency in Internal Control Design Oc. Lapse of Judgment and Collusion d. Collusion and Breakdown o Question 22 Not yet answered Marked out of 1 P Flag question Ahmed, auditor of KMG Audit Firm, is assigned to audit Jazeera Company for the period January 1, 2019 to December 31, 2019. Jazeera Companys chief accountant is a well known accountant and member of ACCA and has a long experience in the accounting profession. This information is not known by KMG Audit Firm. Ahmed accepted to the assignment because he believes it will be an easy audit for him because the chief accountant is very experienced. Which fundamental principle of professional ethics is threatened in this situation? a. Confidentiality and Objectivity b. Objectivity and Due Care c. Due Care and Professional Behavior d. Professional Behavior and Objectivity Time left 2:53:16 Question 30 Not yet answered Marked out of 1 P Flag question Which of the following statements is FALSE? a. The audit client is represented by the CEO and other stakeholder as deemed appropriate by the audit client in the exit meeting ob. The objectives and scope of the audit will be discussed in the entrance meeting with the top management of the auditee OC. It is important for the auditor and the auditee to discuss the estimated timing and resource requirements prior to the fiedwork stage of the audit O d. None of these statements is FALSE Time left 2:56:22 Question 10 Not yet answered Marked out of 1 P Flag question Reconciliation of bank accounts is an example of which Test of Controls? O a. Inquiries O b. Inspection O C. Re-performance O d. Testing Next page Previous activity Link to Online Class Sun, Mon,Wed, 12 pm) > Jump to... Time left 2:55:35 Question 17 Not yet answered Marked out of 1 P Flag question Who should prepare the corrective action plan? O a. Auditor O b. Both the auditee and the auditor O c. Auditee O d. Neither the auditee or the auditor
