To exercise due care, an accountant should
a. take continuing professional education classes.
b. report whether the financial statements are in accordance with gaap.
c. gather enough audit evidence to have complete assurance that there is enough support for the accountant's opinion on the financial statements.
d. conduct the engagement in accordance with gaas and ensure that the engagement is completed on a timely basis.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “To exercise due care, an accountant should a. take continuing professional education classes. b. report whether the financial statements ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is an example of deregulation ? A. The price of cable TV has risen to $40 a month in November 2013. B. Banks have lowered the interest rates to increase growth. C.
Answers (1)
Sam works as a tax preparer for a local accounting office. What kind of education would have prepared Sam best for his current position? high school diploma internship at a tax office bachelor's degree in accounting master's degree in law
Answers (2)
GDP does not include which of the following activities? A. Households spending to enhance the security of their neighborhood. B. couples remodeling their own homes (with their own money) C. businesses installing anti-pollution equipment D.
Answers (1)
The objectives of internal control are to a. provide reasonable assurance that assets are safeguarded and used for business purposes, business information is accurate, and laws and regulations are complied with b.
Answers (1)
Recently, the Polish General Corporation, well-known for manufacturing appliances and automobile parts, initiated a $13 billion project to produce automobiles. A great deal of learning on the part of management and employees was required.
Answers (1)
New Questions in Business
On January 1, 2021, a company issues $800,000 of 8% bonds, due in ten years, with interest payable semi annually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $856,850.
Answers (1)
Aces Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. Each racket was sold at a price of $90.
Answers (1)
In the resource-based model of above-average returns, a capability is: a. an input into a firm's production process. b. the foundation for a firm's mission. c.
Answers (1)
Choose the correct statementA. Total revenue from the sale of a good equals the price of the good multiplied by the quantity sold. B. A rise in price increases total revenue. C. A rise in the price decreases total revenue. D.
Answers (1)
Which describes the purpose of minimum-balance fees? O make sure customers keep sufficient funds in their account collect funds for withdrawals from a competitor's machine pay for the costs of having bank employees penalize customers for writing
Answers (1)