Remoteness of information - Study guides, Class notes & Summaries

TestBank for Auditing A Practical Approach, 4th Canadian Edition 4th Edition, Kindle Edition by Robyn Moroney , Fiona Campbell , Jane Hamilton , Valerie Warren TEST BANK for Auditing A Practical Approach, 4th Canadian Edition Moroney, Campbell, Warren S - The Marketplace to Buy and Sell your Study Material 2 Distribution of this document is illegal extra peP ra yeg ae r? A+ CHAPTER 1 INTRODUCTION AND OVERVIEW OF AUDIT AND ASSURANCE CHAPTER LEARNING OBJECTIVES 1. Define an assu...

information risk correct answers the possibility that the information upon which the business risk decision was made was inaccurate causes: -remoteness of information -biases and motives of the provider -complexity -voluminous data cost of information risk is a factor in Cost of Capital; COC= risk free rate of return, economic risk premium, information risk premium higher information risk premium=high cost of capital remoteness of information correct answers can't get an insid...

Assurance Service correct answers -independent professional service that improves the quality of information for decision makers -Can be by CPAs or non-CPAs -Expresses a written or oral conclusion on reliability and relevance of information Committee of Sponsoring Organizations of the Treadway Commission (COSO) correct answers Committee that issues framework for auditing internal controls, called the "Internal Control-Integrated Framework" information asymmetry correct answers those w...

ACCT 5200 Exam 1 with Questions and Answers information risk ANSWER the possibility that the information upon which the business risk decision was made was inaccurate causes: -remoteness of information -biases and motives of the provider -complexity -voluminous data cost of information risk is a factor in Cost of Capital; COC= risk free rate of return, economic risk premium, information risk premium higher information risk premium=high cost of capital remoteness of informati...

Operational Audits correct answers concentrates on seeking aspects of operations in which wastes could be reduced by the introduction of controls Endogenous demand for audit correct answers Audit is demanded by the actors of the economy itself, not a regulatory body Exogenous demand for audit correct answers government legislation demands audit to be performed Internal values of audit to issuer correct answers better information for decision making, lower theft and fraud losses Exter...

HESI Leadership/Management Exam Questions and Answers 100% Pass Laws Governing Nursing - Correct Answer ️️ -Nurse Practice Acts Nurse Practice Acts - Correct Answer ️️ -provide the laws that control the practice of nursing in each state. Mandatory Nurse Practice Acts - Correct Answer ️️ -authorize that, under the law, only licensed professionals an practice nursing. Nurse's Responsibility in making assignments - Correct Answer ️️ -governed by Nurse Practice Acts. 1. Assi...

BLAW 212 Study Questions with Correct Answers What is a Tort - Answer-A civil wrong, other then a breach of contract or trust, that the court will give remedy Torts - Answer-Negligence Negligent Misstatement Nuisance Defamation Trespass What is Negligence - Answer-Obligation to take reasonable care not to harm other people and the liability you may have to compensate them for loss or damage you may cause Negligent Elements - Answer-Was there a duty of care Breach of duty of care...

Assurance Service is? correct answers An assurance service is an independent professional service to improve the quality of information for decision makers Ex: including services related to business performance measurement, health care performance, and information system reliability. Attestation service? correct answers attestation service is a form of assurance service in which the CPA firm issues a report about the reliability of an assertion that is the responsibility of another party ...

HESI Leadership/Management Exam Questions and Answers 100% Pass Laws Governing Nursing - Correct Answer ️️ -Nurse Practice Acts Nurse Practice Acts - Correct Answer ️️ -provide the laws that control the practice of nursing in each state. Mandatory Nurse Practice Acts - Correct Answer ️️ -authorize that, under the law, only licensed professionals an practice nursing. Nurse's Responsibility in making assignments - Correct Answer ️️ -governed by Nurse Practice Acts. 1. Assi...

Nature of Auditing Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria. Evidence is any information used by the auditor to determine whether the information being audited is stated in accordance with established criteria. Information Risk reflects the possibility that the information upon which a business decision was made was inaccurate. Auditing of financial informa...

What are types of unintentional torts? -:- negligence and malpractice unintentional tort -:- an act involving injury or damage to another resulting in civil liability instead or criminal liability Negligence -:- performing an act that reasonable and prudent person would NOT perform Malpractice -:- negligence by a professional personnel. Results in injury. four elements that are necessary to prove malpractice (if one is missing malpractice CANNOT be proved) -:- 1. Duty- obligati...