What is negative assurance? When is negative assurance permitted?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
A negative assurance is a statement such as the following noth...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
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Auditing questions
-
1. Negative assurance should be expressed when an accountant is requested to report on the I. Results of applying agreed-upon procedures to an account within unaudited financial statements. II....
-
Accountants are permitted to express negative assurance in which of the following reports? a. Standard unmodified audit report on financial statements. b. Compilation report on unaudited financial...
-
A. 46 Negative Assurance in Review Reports. One portion of the report on a review services engagement is the following: Based on my review, I am not aware of any material modifications that should...
-
Mark Hurd has just assumed the top job at H-P. He has asked you as a staff VP to draw up a course of action to get the ailing PC division up to competitive parity with Dell. If you need to make some...
-
(a) By graphing the function f(x) = (cos 2x - cos x) / x2 and zooming in toward the point where the graph crosses the -axis, estimate the value of limx0 f(x). (b) Check your answer in part (a) by...
-
Find the potential (x, y) of an electrostatic field E = a (yi + xj), where a is a constant, i and j are the unit vectors of the x and y axes.
-
The accounting records for ADR, Inc., reflected the following amounts at the end of August 2010: Prepare the ADR, Inc., classified balance sheet at August 31,2010. Use the report format. Cash......
-
A factory manufactures jelly. The jars of jelly are packed six to a box, and the boxes are sold to grocery stores. The following types of cost were incurred: Jars Sugar Fruit Pectin (thickener used...
-
QUESTION 1 What is the yield-to-maturity of a bond with a coupon rate of 9.6%, par value of $3000, 6 years until maturity, and a value of $987.97 if coupons are paid annually with the next one due in...
-
Owen and Sonja Cornell are married. They are the parents of two children: Kirsten (born on July 1, 2000) and Ingrid (born on May 17, 2009). Ingrid does not have any income. Kirsten (SIN 805 232 329)...
-
What is the most important distinction between an auditors opinion on financial statements and other PA communications?
-
Think about the standard unmodified introductory and scope paragraphs. What do they identify as the objects of the audit? What is meant by this sentence, We conducted our audit in accordance with...
-
Solve Equation (7.5) for pi to show that Equation (7.6) is true. Equation 7.5 ln(i / 1 i) = 0 + 1xi Equation 7.6 i = e0 + 1xi / 1 + e0 + 1xi
-
Morris Company has a daily payroll of $300 and employees are paid at the end of each week for work done that week (five-day work week). December 31 falls on a Tuesday and the week's wages will be...
-
On December 1 , 2 0 2 2 , Placer Corporation acquired all of the assets and liabilities of Sonata Company. The acquisition generated goodwill of $ 6 0 , 0 0 0 , 0 0 0 . At the date of acquisition,...
-
How long can a country like North Korea still be able to survive. They have to make a majority of their products on their own and only their own people to sell it too. Will they still be able to keep...
-
Sales totaled $1,098,900 for the year, variable selling and administrative expenses total $115,440, and fixed selling and administrative expenses totaled $176,256. There was r beginning inventory....
-
On January 1, 20Y1 Oread Electronics issued $3 million in 5-year bonds for $2,862,613. The bonds pay 2% interest annually on December 31. The market rate of interest for bonds of comparable risk was...
-
The U.S. government has given Royal Dutch Shell permission to drill for oil and natural gas in the Arctic Ocean. Environmentalists say it is the wrong decision. Are the oil and gas reserves public...
-
The sales department of P. Gillen Manufacturing Company has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1 . . . . . . . . . . . . . . ....
-
A nonresidential business building is placed in service by a calendar-year taxpayer on March 3 for $300,000. a. What is the MACRS-GDS property class? b. Calculate the depreciation deduction for years...
-
If sales and income were overstated by recording a false cash sale at the end of the year, what dangling debit might give the scheme away?
-
Describe three types of manipulations that could produce materially misleading financial statements.
-
How could you tell whether the amount on a cheque has been increased after it was paid by a bank?
-
You are the Business Analyst on the myCHC project and you want to begin this initiative with the tasks listed under the Business Analysis Planning and Monitoring Knowledge area. Please explain the...
-
How do various credit scoring models, like FICO and VantageScore, impact the approval process for mortgage loans, and what is the significance of credit risk in determining interest rates and other...
-
1. Conduct consumer and market research based on which construct the House of Quality (QFD) for a Suitcase. i. Consider the development of Suitcase design using House of Quality (QFD) template ....
Study smarter with the SolutionInn App