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Based on the Finical accounting theory( William R. Scott)Ch1-CH5 please explain The following questions 11 through 16 relate to the following information: State Current financial
Based on the Finical accounting theory( William R. Scott)Ch1-CH5
please explain
The following questions 11 through 16 relate to the following information: State Current financial statement evidence Good News Bad News High 0.80 0.20 Low 0.10 0.90 In each of the following scenarios, indicate the direction of change of the main diagonal, would the figures increase or decrease: If the company prepares a financial forecast for the first time O Increase Decrease Question 13 (1 point) Listen If the company fires the CFO and CEO for fraudulent behaviors Increase Decrease If the securities commission begins an investigation into the companies financial reporting practices Increase Decrease Question 16 (1 point) Listen If the Canadian Public Accountability Boa (CPAB) issues a report including significant unfavorable findings against the auditor for the company (ie. The audit file was not sufficient) Increase Decrease The following questions 11 through 16 relate to the following information: State Current financial statement evidence Good News Bad News High 0.80 0.20 Low 0.10 0.90 In each of the following scenarios, indicate the direction of change of the main diagonal, would the figures increase or decrease: If the company prepares a financial forecast for the first time O Increase Decrease Question 13 (1 point) Listen If the company fires the CFO and CEO for fraudulent behaviors Increase Decrease If the securities commission begins an investigation into the companies financial reporting practices Increase Decrease Question 16 (1 point) Listen If the Canadian Public Accountability Boa (CPAB) issues a report including significant unfavorable findings against the auditor for the company (ie. The audit file was not sufficient) Increase DecreaseStep by Step Solution
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