Which of the following is not an important consideration

Assignment Help Accounting Basics

Reference no: EM13132062

Which of the following is not an important consideration for senior management of an entity in fulfilling governance responsibilities?

a. Adequate understanding of financial reporting standards and their application
b. Ensure all entity employees accept responsibility for their role in internal controls over financial
reporting
c. Devote resources to hiring and retaining qualified individuals
d. Abdicate responsibility of monitoring financial reporting to the external auditors

Reference no: EM13132062

Questions Cloud

What is ka for this acid : When 0.040 mol of propionic acid, C2H5CO2H, is dissolved in 300 ml of water, the equilibrium concentration of H3O+ ions is measured to be 1.23 x 10-3 M.

Alkynes can be hydrated in the presence of acid : Alkynes can be hydrated in the presence of acid and HgSO4, by electrophilic addition of a molecule of water to the triple bond. The reaction proceeds by way of a carbocation intermediate

Pert diagram and set operations : Given the following table, make a PERT diagram, and determine the project time and the critical path. Provide a justification on how you obtain your project time and critical path.

Explain how sample size affects the mean and sd of sum : Using your answers to the earlier parts of this question, explain how the sample size affects the mean and SD of the sum of a collection of random variables. Limit your answer to 2-3 sentences.

Which of the following is not an important consideration : Which of the following is not an important consideration for senior management of an entity in fulfilling governance responsibilities?

What is the partial pressure of cl2 : At 373 K, Keq = 2.39 for the following reaction: SO2Cl2(g) = SO2(g) + Cl2(g) In an equilibrium mixture of the three gases, the partial pressures of SO2Cl2 and SO2 are 3.31 atm and 1.59 atm, respectively.

Reporting net income for the amount : Cindy reported net income of $40,000 during 2003 and paid dividends of $20,000. Penny should report net income for 2003 in the amount of:

Determining strong induction : Suppose that a store offers gift certificates in denominations of25 dollars and 40 dollars. Determine the possible total amounts you can form using these gift certificates.

What is the gain on repossession : The car was subsequently repossessed. When reacquired , the car was appraised to have a fair value of P300,000, What is the gain (loss ) on repossession? Under the installment method , how much is the realized gross profit to be recognized a th..

User Account

All Pages