Concepts is least related to risk of material misstatement

Assignment Help Financial Accounting
Reference no: EM13748592

Which of the following concepts is least related to the risk of material misstatement?

A. Control risk

B. Inherent risk

C. Detection risk

D. Materiality

Reference no: EM13748592

Questions Cloud

Conduct of the audit in accordance with PCAOB standards : Which of the following paragraphs references the conduct of the audit in accordance with PCAOB standards?
Policies and procedures are operating effectively : Which element of a system of quality control strives to provide the firm with reasonable assurance that its policies and procedures are operating effectively?
The highest level of assurance in an attestation engagement : What type of evidence would provide the highest level of assurance in an attestation engagement?
Firms to borrow at high rates and firms'' income statements : What contrasts are there between what is shown in cash flow statements and the need for firms to borrow at high rates and firms' income statements
Concepts is least related to risk of material misstatement : Which of the following concepts is least related to the risk of material misstatement?
Explain the trade-offs between contiguous : Explain the trade-offs between contiguous, noncontiguous linked, and noncontiguous indexed file allocation. In particular, note if each can be efficiently used for sequential and random access methods
Western manufacturing produces a single product : Western Manufacturing produces a single product. The original budget for April was based on expected production of 14,000 units; actual production for April was 13,300 units. The original budget and actual costs incurred for the manufacturing departm..
What was the northern colonists political structure : What was the Northern Colonists political structure?
Calculate the number of units to be produced : Osage Inc. has actual sales for May and June and forecast sales for July, August, September, and October as follows: Actual: May 5,900 units June 6,200 units Forecast: July 6,000 units August 6,800 units September 5,600 units October 3,700 units requ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Cross-sectional and time-series comparisons

The president of Solvent has asked the controller to prepare a report that summarises the financial aspects of the two potential investees for the last year and discuss and analyse the limitations of ratio analysis for both cross-sectional and time..

  Design a substantive audit procedure

Design a substantive audit procedure that provides reasonable assurance of detecting each misstatement - bonus earned by the president of the company has not been recorded.

  Why does an intra-entity sale of a depreciable asset

Why does an intra-entity sale of a depreciable asset (such as equipment or a building) require subsequent adjustments to depreciation expense within the consolidation process?

  What is the ratio of japanese gdp to us gdp

What is the ratio of Japanese GDP to U.S. GDP if we don't take into account the differences in relative prices and simply use the exchange rate to make the conversion?

  Calculate dol and then next year net income in dollar

If company expects next year's total sales could increase 12%, they want to know ho this change affects their profit. Calculate DOL and then next year's net income in dollar.

  What is sales level in dollars required to equal income

If the company spends the additional $10,000 for advertising in 2011, what is the sales level in dollars required to equal 2010 operating income?

  Compute the break-even point in total sales

A cost behavior analysis indicates that 75% of the cost of goods sold are variable, 42% of the selling expenses are variable, and 40% of the administrative expenses are variable.

  Summarize charges and proposed rebuttal or mitigation

Summarize charges and proposed rebuttal or mitigation of charges and lessons learned. Propose actions that can be taken by the management in the future to avoid future anti-trust actions.

  What monthly sales will have to be

Dorina Company produces and sells a single product. The product sells for $60 per unit and has a contribution margin ratio of 40%. The company's fixed expenses are 28800.

  Multiple choice questions related to basic accounts1which

multiple choice questions related to basic accounts.1.which of the following elements must exist for there to be a

  Dodgers statements for financial reporting purposes

Assuming Dodger's tax rate is 30 percent in all periods, and that the company uses the carryback provisions, what amount should appear in Dodger's statements for financial reporting purposes as a net loss in 2011?

  Determine brook streets ending inventory

Determine Brook Street's ending inventory, cost of goods sold, and gross profit for January 2009, assuming the company uses a perpetual inventory system and the following inventory costing methods: (1) FIFO, (2) LIFO, and (3) moving-average.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd