Appropriate competence and capabilities to perform the audit

Assignment Help Financial Accounting

Reference no: EM13793197

Which of the following does not directly relate to an auditor's responsibility for having appropriate competence and capabilities to perform the audit?

A) Participating in continuing professional education

B) Gaining experience through hands-on practice

C) Obtaining reliable documentary evidence

D) Attending on-the-job training

Reference no: EM13793197

Questions Cloud

Contribution margin per unit-break-even point in dollars : Larissa Company has a unit selling price of $250, variable costs per unit of $170, and fixed costs of $140,000.

Journal entry to record accrued salaries would include : According to a summary of the payroll of Scotland Company, $450,000 was subject to the 7.0% social security tax and $500,000 was subject to the 1.5% Medicare tax. Federal income tax withheld was $98,000. Also, $15,000 was subject to state (4.2%) and ..

Call option with an exercise price : A put option and a call option with an exercise price of $85 and three months to expiration sell for $2.40 and $5.09, respectively. If the risk-free rate is 4.8 percent per year, compounded continuously, what is the current stock price?

Record the journal entries for the transactions : On January 5, 2014, Phil's Corporation received a charter granting the right to issue 5,000 shares of $100 par value, 8% cumulative and nonparticipation preferred stock, and 50,000 shares of $10 par value common stock. Issued 20,000 shares of common ..

Appropriate competence and capabilities to perform the audit : Which of the following does not directly relate to an auditor's responsibility for having appropriate competence and capabilities to perform the audit?

Establishing generally accepted auditing standards : Which of the following is not true with respect to the responsibilities for establishing generally accepted auditing standards?

Using cost volume-profit formula : Arrow Products typically earns a contribution margin ratio of 25 percent and has current fixed cost of $80,000. Start a new ad campaign that is expected to increase sales revenue by 5 percent. License a new computerized ordering system that is expect..

What was the firms operating cash flow or ocf : The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $3.3 million, and the 2015 balance sheet showed long-term debt of $3.4 million. The 2015 income statement showed an interest expense of $155,000. What was the firm’s 20..

What about character makes them distinctive and memorable : What about them makes them distinctive and memorable? Next, describe their relationship to the game. Do they have interests and a life outside of Scrabble?

User Account

All Pages