answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: What are the general circumstances under which confidentiality on the part of a client may affect audit planning decisions?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What are some general client Confidentiality concerns that may properly affect audit planning decisions?

Client confidentiality laws are strict to allow for maximum privacy. Auditors are required to look at a significant amount of personal client information. Some basic concerns would be the number of auditors hired to look at the information, the level of understanding and respect each auditor has for privacy laws, and the system needed to insure that auditors only see the amount of information they need and nothing more than that.


A fiscal policy is designed to?

Government spending and taxation decisions designed to control inflation, reduce unemployment, improve general welfare of citizens, and encourage economic growth.


How does business transaction relate to accounting process?

Simply in general terms, the Accounting process is all about Money. And transactions are some kind of statements about transfering money. And accouting deals with these statements to make a final decisions. That's why the transactions are related to accouting processs


How an activity-based capital budget differs from a conventional capital budget and describe the impact of activity based costing on capital-budgeting decisions?

Activity based budgeting is a technique that focuses on costs of activities or cost drivers necessary for production and sales. Such an approach facilitates continuous improvement.Conventional capital budgetingConventional: Based on or in accordance with general agreementCapital budgeting is the planning process used to determine whether an organization's long term investments such as new machinery, replacement machinery, new plants, new products, and research development projects are worth pursuing. It is budget for major capital, or investment, expenditures.


Nature of financial accounting?

The nature and purpose of accountingThe basic aim of accounting in a business entity is to provide financial information for making decisions on its activities. Managers of an economic entity at various levels require analyzed financial information for planning and programming, for controlling expenditure, for ascertaining the extent of profitability or otherwise of a department - even of each production item for undertaking new jobs, etc. Financial information in tabular forms and with graphs and charts are also required by the outsiders, namely, bankers, financial institutions, creditors, investors, government agencies and even by the labour unions and the general public who have some interest in the particular business concern.

Related questions

What are some general client Confidentiality concerns that may properly affect audit planning decisions?

Client confidentiality laws are strict to allow for maximum privacy. Auditors are required to look at a significant amount of personal client information. Some basic concerns would be the number of auditors hired to look at the information, the level of understanding and respect each auditor has for privacy laws, and the system needed to insure that auditors only see the amount of information they need and nothing more than that.


What is containment action planning with reference to process risk action planning testing decisions determining time scales and protecting the customer?

It is (part of) a general knowledge question in the NVQ unit 194. I too, am puzzled by its meaning.


When was General Secretariat for Development Planning created?

General Secretariat for Development Planning was created in 2006.


Which most pertains to general health information confidentiality?

Health Insurance Portability and Accountability Act


Do countries and individuals have to abide by decisions agreed on by the general assembly?

All Do countries and individuals have to abide by decisions agreed on by the general assembly


What pertains most to general health information confidentiality?

The HIPPA laws pertain to general health information confidentiality. These laws prohibit doctors and hospitals from releasing private health information to others with the exception of insurance companies and other payers or if there is a public health risk.


What was the generals job in the Civil War?

A General in the Civil War was the highest commander of the confederate or union armies, head of planning and expediting tactics and manuevers of the armies and making decisions regarding battles of the war.


What did the shogun do?

they made decisions on army movements and decisions. A shogun is a higher then general position.


What are the importance of confidentiality?

Confidentiality (in the context of personal information for example) is vital to protect vulnerable people and information from general viewing by people to whome the information has no bearing. An example would be a persons bank account.


Which General staff Sections is responsible for providing communication planning and resources?

planning section


What is a sentence with general in it?

Example sentence - The general theme of the discussions was apparently not applicable to the circumstances.


General who led the planning of Normandy invasion?

American General Dwight D. Eisenhower