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The assumption that assumes a company will continue in operation long enough to carry out its existing objectives is the?
Wiki User
∙ 15y ago
time period assumption
Wiki User
∙ 15y ago
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What is number of years purchase in goodwill calculation?
it is the time till the annuity pays back. or it is the time till the brand name of existing setup is needed to continue business
What is an audit program?
AUDIT PROGRAM COMPONENTSI. Audit Objective Development of the Audit Objectivea) Departmental objectives: Why was the department created?b) Control requirements: What controls are in place in the department to ensure its objectives are met?c) Audit Objective: Why are we auditing this department? Should be a combination of departmental objectives and control requirements.To ensure….To determine…II. Audit ScopeWhat is the Audit Scopea) Establishes parameters or boundaries for the audit b) Identifies:· Area to be audited (department or function)· Timeframe· Sample size (volume or dollars)III. Audit Program StepsGuidelines for Preparing Audit Programsa) Review audit program, if any, from prior audit. Determine what was covered, how it was covered, in what depth and with what results. b) Perform a preliminary survey to determine objectives of the operations, existing systems of internal control and apparent risks.c) Review internal audit literature which addresses the operation to be reviewed and may provide guidance to conducting the audit.d) The objectives of the operation under review should be carefully stated and agreed to by the client.e) Programs should be tailor-made to the audit assignment unless compelling reasons dictate otherwise.f) Work steps should include positive and clear instructions. They should not be stated in the form of questions.g) If possible, the audit program should indicate the relative priority of the work steps. Thus, the more important parts of the program will be completed in the allotted time.h) Audit programs should be flexible and permit the use of initiative and sound judgment in deviating from prescribed procedures. Audit supervisors should be informed promptly of major deviations.i) Programs should not be cluttered with material from sources readily available to the staff. Incorporate by reference, where feasible.j) Unnecessary information should be avoided. Include only what is needed to perform the audit work. Excessive detail wastes the time of those who prepare and read the programs.k) Audit programs should bear evidence of supervisory approval before they are carried out. Significant changes should also be approved in advance.
How do you create new password on your existing address when you have forgotten old password?
You dont!
An equity issue sold to the firms existing stockholders is called?
A general cash offer
What does the balance in the Accumulated Depreciation account represents?
it represents the undepreciated cost of existing equipment.
What is the objectives of foreign banks?
these banks are existing to provide financial assistance to poor NRIs
What are some examples of existing steady hand games?
operation that's it
How do you calculate the documentary stamp taxes on an assumed mortgage?
Calculation Of Doc Stamps on Assumption of Mortgage: .0035 x balance of existing mortgage (assumption)= doc stamps on new note. *Note: You always have to round up to WHOLE $100. For example : Existing Mortgage is $ 70,150.00 , You round it up to $70,200.00. Now, multiply the assumption by .0035 $70,200.00 x .0035= $245.00
What are the objectives of advertising organization?
Hi, The objectives of Advertising Agencies is to educate the customer about the new or existing product. Launch the new product and help the company to reach more customer.
The method of operation used to replace existing text in document with new text?
none
What is the method of operation used to replace existing text in document with new text?
overtype mode
What is a retention team?
team that supports existing customers/clients for them to continue their services with the company
Does evolution continue in all existing species?
Of course. Everyday people and animals are changing. And adapting to their environments.
Can you continue to sell existing stock until exhausted after you ended a contract with suppplier to be their distributor?
no, i will source for another supplier to continue supply goods for me. i will not wait to exhaust last stock.
Are changes that you make to an existing document are permanently saved even if you don't perform a Save operation?
no, but windows does perform autosave at times.
In order for species to continue existing it must do what?
In order for a species to continue existing, it must reproduce and produce offspring. This ensures that the genetic material and traits of the species are passed on to the next generation. Additionally, the species must adapt and survive in its environment by finding food, shelter, and avoiding predators or threats.
What are the principal objectives of Research?
The objectives of social research are to uncover new information about society and cultural norms. Social research often involves informational surveys and observation.
