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Why can't auditors invest in companies that they audit?
The main reason an auditor cannot invest in companies they audit is of course that there is a conflict of interest. An simple example of this would be an auditor, auditing Apple Inc's accounts, the auditor would have prior knowledge on the companies profit, which would not be public knowledge until the results are made public. Based on Apple's performance an auditor who have information that could be advantage regarding as another example the possible up or down side of the companies stock price. There are numbers other examples such as an auditor conducting due diligence on a merger and acquisition. But the main reason is a conflict of interest
Why is accounts payable aging report needed for an audit?
I think you mean an aged Accounts RECEIVABLE report.If you are familiar with auditing, the auditor needs to perform a risk assessment and satisfy certain assertions with regard to accounts. One assertion for Accounts Receivable (A/R) is Valuation & Allocation, which basically asks the question, "Is the account valued correctly?"The auditor must perform tests and gather audit evidence to satisfy this assertion, one procedure includes examining a company's aged A/R report, which list the company's customers that owe money to the company. The report states which balances have been owing for different lengths of time, and normally an estimate is made to determine what values of A/R is uncollectible.If the company has not made an appropriate adjustment to account for these uncollectible amounts, normally the auditor will suggest that an entry is made to do so, or else the account is not valued correctly. If management refuses the entry, the auditor would have to decide how their audit opinion would be affected.
How do you build a database in visual foxpro?
On File choose New, a window will appear and ask you for New Project or Database. Choose Database and click New File. It will then ask you to give a database name. After your Database is made, you can now add tables.
How many times per day can collection agencies call?
as many times as they wish. if it's late at night a complaint can be made to the police
How did the term auditor originate?
The explanation given to me when I was starting out to learn the financial auditing trade was as follows: The word is derived from the other meaning of "auditor", meaning one who hears, and is thus related to "auditory". In the middle ages under the feudal system tenants owed rents to their lord and lords owed taxes to the king. Then, as now, this was not popular and on rent/tax day the payer would turn up and offer excuses. You can imagine them claiming "Half my sheep and all the lambs died in the winter snows" or "the cow didn't get pregnant so I have no milk." Remember that hardly anyone outside the church could read or write in those days. Since the king and many lords were not familiar with local conditions they would appoint a trusted local as "auditor" to listen to these tales of woe and either confirm them "Yes, he did lose half his sheep" or "No, he is eating butter on his bread every day". I have spasmodically made efforts to obtain confirmation of this derivation without success. However, it makes sense and I have not found any other suggestions.
What made you choose to apply housekeeping?
for easy identification of hazards in the workplace
How much does an auditor make?
Removed answer as the person who made the original response read "author" and not "auditor" and made a reference to J.K. Rowling. I'm currently interviewing for an internal employee auditor in the Midwest and soon hope to post some kind of an answer. Thanks!
Who is in charge of approving all payments made by the state?
Auditor
Who is responsible for approving all payments made by the state?
auditor
His person is in charge of approving all payments made by the state?
a: auditor
Can you write a sentence using the word domiciled?
When the tax auditor asked where James was domiciled, James knew that the auditor wanted to know where he made his home, where he lived.
What made you choose to apply to Hotel houseman?
to make sure all guests rooms are properly clean. that all rooms are hazards free.
What made you choose to apply to Sales executive?
This is a question on an application for a job. The question is asking YOU why you are applying for the job and thus it is ONLY YOU that can answer it. Quite honestly, if you can not appreciate this then you are probably unemployable.
Why can't auditors invest in companies that they audit?
The main reason an auditor cannot invest in companies they audit is of course that there is a conflict of interest. An simple example of this would be an auditor, auditing Apple Inc's accounts, the auditor would have prior knowledge on the companies profit, which would not be public knowledge until the results are made public. Based on Apple's performance an auditor who have information that could be advantage regarding as another example the possible up or down side of the companies stock price. There are numbers other examples such as an auditor conducting due diligence on a merger and acquisition. But the main reason is a conflict of interest
Which venue would the UK choose if they won eurovision?
That decision would only be made after it is won. It is impossible to know. Lots of places would apply to host it and the organisers would have to choose one. There are many places that would be suitable, too many to list.
What are the main duties of the Secretary of State the State Auditor and Treasurer?
The secretary of state is appointed by the governor and is in charge of public records of the state. This means the secretary of state supervises elections and puts the state seal on all official papers signed by the governor. The state auditor is in charge of approving all payments made by the state. The auditor also makes sure spending is done according to the state constitution. The treasurer is the state's banker. The treasurer oversees the payouts of the auditor and serves as the chief collector of
How night switch can be made or what is the procedure to make a night switch?
how a night switch can b made
