Answer:
Management
Explanation:
Sometimes in the course of discharging his duties, an auditor might discover a case of non-compliance with laws and regulations. In such situations, he is expected to report the issue to the governing body or management of the organization who in turn notify parties outside the client's organization. This might imply reporting to the appropriate law enforcement agencies who now investigate the matter.
The auditor should ensure that he is keeping to the code of confidentiality before proceeding on such a case. The management is expected to review the report to determine if the action was indeed non-compliant with the laws before proceeding on the next call of action.
Answer:
The answer is:
Asset will be overstated
Net income will be overstated
Explanation:
Because of the incorrect capitalization(the process of converting or adding to a firm's asset):
1. Assets are overstated. Assets that shouldn't are added to the entire assets are added. So it's increasing the company's asset whereas it's not.
2. Net income are overstated. Because depreciation too will have to be charged for the asset that wasn't there, therefore, net asset will be overstated.
An instance where sellers should work to keep relationships with consumers is when they feel that the product
<span>The court should rule in favor of the company, given clearly outlined policies and a counseling session. Documentation and expectations were stated, and the behavior continued beyond the counseling session. Monitoring her behavior as indicated seemed within the company's discretion.</span>
Answer:
The required reserves increases by $6.250
Explanation:
Step 1. Given information.
Stella deposits $25.000
Required reserve 25%
Step 2. Formulas needed to solve the exercise.
Required reserves = deposits * reserve ratio
Excess reserves = deposits - required reserves
Step 3. Calculation.
Required reserves = 25.000 * 0.25 = $6.250
Excess reserves = 25.000 - 6.250 = $18.750
Step 4. Solution.
The required reserves are $6.250 and the excess reserves is $18.750
