Explain how each is of potential benefit to the auditor

Assignment Help Accounting Basics
Reference no: EM13130011

Identify five other ways in which the Private Securities Act of 1995 will potentially change auditors' legal liability. Explain how each is of potential benefit to the auditor.

Reference no: EM13130011

Questions Cloud

Us nest growth rate due to births and deaths : Given the date below find the US Net Growth rate due to births and deaths (i.e neglect) in 1985, 1995, and 2007
How much oxygen is required : If 5.78 mol of ethane (C2H6) undergo combustion according to the unbalanced equation C2H6 + O2 = CO2 + H2O how much oxygen is required?
Why is a dollar today worth more than a dollar in the future : Why is a dollar today worth more than a dollar in the future.
Non-controlling interest : Under the economic unit concept, what amount should have been assigned to the non-controlling interest immediately after the combination? Show all of your work. Showing only the answer will result in zero points.
Explain how each is of potential benefit to the auditor : Identify five other ways in which the Private Securities Act of 1995 will potentially change auditors' legal liability. Explain how each is of potential benefit to the auditor.
What is the volume of the helium in the balloon : A balloon is partly inflated with 480 liters of helium at sea level where the atmospheric pressure is 996 mbar.The balloon ascends to a altitude of 3000 meters.
Define what is the the structures of products : What is the the structures of both products and how can you distinguished them using IR spectroscopy?
Prepare an amortization schedule that describes the pattern : Federated fabrications leased a tooling machine on January 1, 2011, for a three-year period ending December 31, 2013. The lease agreement specified annual payment of $36,000 beginning with the first payment at the inception of the lease, and each ..
Find probability randomly selected member of population : The population are shorter than 66 inches, what is the probability a randomly selected member of this population is between 66 and 76 inches tall?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much revenue should shaw recognize related

prepare the journal entry (if any) to record the sale on January 2, 2012 shaw prepares an income statement for the first quarter of 2012, ending on March 31, 2012. How much revenue should Shaw recognize related to its sale to ricard?

  Method to amortize bond premium of discount

On june 30, 2012, mackes company issued 5,000,000 face value of 13%, 20 year bonds at $5,376,150, a yield of 12%. Mackes uses the effective-interest method to amortize bond premium of discount. the bonds pay semiannual interest on june 30 and dece..

  What was hensons retained earnings

Henson Company began the year with retained earnings of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and paid dividends of $20,000. What was Henson's retained earnings at the end of the year?

  Starling coating and substitution

Starling Coating produces weatherproofing coatings that protect metal from oxidation. One of Starling's patented coatings, zurtan, is composed of two inputs, magna45 and zelon. While both inputs are required, they can be substituted for each other..

  Problem related to bank reconciliation

A check drawn by a depositor for $180 in payment of a liability was recorded in the journal as $810? This item would be included on the bank reconciliation as?

  How many brochures should be printed at a time

The Tiernan Gallery and Art Museum distributes to its visitors a printed guide to its collections. There are about 18000 visitors per year. Holding costs for the brochures are 20% and it costs $30 to place an order with the printer.

  Problem related to distribution deduction

During the year the trust makes a mandatory distribution to Julius and Steve of $50,000 each. The distribution deduction is:

  Percentage-of-completion method of revenue recognition

(TCO A) Blue Suede Construction Corp used the percentage-of-completion method of revenue recognition. They were contracted to build the new amphitheater for $800000. Additional information was provided:

  Prepare breaker coprs collection budget for first quarter

Management at Breaker Corp. Expects an accounts receivable collecion pattern of 80 percent in the month of sale. 15 percent in the month after sale, and 5 percent in the second month after sale. All sales are on credit and Brker Corp.

  Define how would that revenue be measure

Read Georgina Safe s article Change of mind gives gallery a $1m surprise in Financial Accounting in the News 16.2 and determine whether the gallery should treat the donation as revenue. Further, if the donation is treated as revenue, how would tha..

  Continued existence of countertrade

How do you describe the continued existence of counter trade? Under what scenarios may its popularity increase still further by the year 2015?

  Compute the break-even point in dollars

Read Company reported actual sales of $2,000,000, and fixed costs of $480,000. The contribution margin ratio is 30%.Compute the break-even point in dollars, the margin of safety in dollars and the margin of safety ratio.

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