in order to reduce the risk that the aggregate of undetected misstatements in the group financial statements of a nonissuer exceeds the materiality for the group financial statements as a whole, an auditor should establish a

Answers

Answer 1

The this situation the auditor should establish a component materiality that is lower than the materiality for the group financial statements.

Financial statements:

Financial statement refers are the written records that convey the business activities and the financial performance of a company

Given,

in order to reduce the risk that the aggregate of undetected misstatements in the group financial statements of a non issuer exceeds the materiality for the group financial statements as a whole

Here we need to find an auditor should establish what type of financials statements.

While we consider the given situation, we have identified that the undetected misstatements in the group financial statements of a non issuer exceeds the materiality for the group financial statements.

So, the  auditor should establish a component materiality that is lower than the materiality for the group financial statements.

To know more about Financial statements here.

https://brainly.com/question/14951563

#SPJ4


Related Questions

Pricing approaches that consider the production and marketing costs and then add enough to cover direct expenses, overhead, and profit are known as ______ approaches.

Answers

Answer:

The answer is Cost- oriented

suburbanization within more developed countries is due to a. expanding urban territory. b. increasing employment opportunities. c. desire to change lifestyle. d. regional development. e. global investment.

Answers

Suburbanization within more developed countries is due to the desire to change lifestyle.

Suburbanization:

Suburbanization is the terms refers the growth and spatial reorganization of contemporary city. And the growth out of the compact city is the result of the flow of population, dwelling places, and commercial and industrial activities to new low-density settlements.

Given,

Here we need to find the reason for the suburbanization within more developed countries.

According to the definition of the suburbanization, the reason for the the suburbanization in the developed countries is the desire to change the lifestyle of the person.

To know more about Suburbanization here.

https://brainly.com/question/11034428

#SPJ4

what is appealing about the perfectly competitive equilibrium solution is selected answer: incorrect. all of the above answers: correcta. it identifies the point that is both socially efficient and socially fair b. it identifies the price at which the producer pays the entire production cost c. it identifies the point at the buyer pays the entire production cost

Answers

All of the above is appealing about the perfectly competitive equilibrium solution.

What is an equilibrium with perfect competition?

When there is perfect competition, the market will be in an equilibrium when supply and demand are equal. At this moment, a firm's pricing will be established. Demand will have an impact on equilibrium in the short term.

Price equivalent to AVC results in a loss for the company. Because it needs to cover at least its AVC in the short run in order to manufacture, the company will close if the price drops even little below AVC. A firm is therefore in equilibrium in all of the aforementioned circumstances in the short run under perfect competition.

To know more about perfect competition, refer:

https://brainly.com/question/18459447

#SPJ4

what are the roles of the states as economic globalization continues to grow? what makes these economies vulnerable?

Answers

Globalization additionally creates a sense of interdependence among nations, which should create an imbalance of power amongst countries of specific economic strengths.

The role of the nation-state in a world world is mostly a regulatory one as the chief factor in global interdependence.

What is the role of globalization in monetary development?

In general, globalization decreases the fee of manufacturing. This means that organizations can provide goods at a decrease rate to consumers. The common fee of goods is a key component that contributes to increases in the standard of living. Consumers additionally have access to a wider variety of goods

Elements of monetary globalization

The growth in cross-border economic things to do takes five fundamental forms: (1) global trade; (2) overseas direct investment; (3) capital market flows; (4) migration (movement of labor); and (5) diffusion of technological know-how (Stiglitz, 2003).

Learn more about economic globalization here:

https://brainly.com/question/25499191#SPJ4

tracy is covered by a group dental insurance plan at work. at her latest check-up, the dentist notes that she needed crowns on two teeth. under her plan, if the cost of dental work will exceed $500, the dentist submits the treatment plan to the insurer to calculate what the plan will cover and what the employee will pay. this provision is known as a

Answers

Tracy is covered by a group dental insurance plan at work.  Under her plan, if the cost of dental work will exceed $500, the dentist submits the treatment plan. This provision is known as a predetermination of benefits.

A predetermination of benefits is an estimate in writing from your dental insurer of the sum your dental plan will pay for a particular treatment based on data supplied by your dentist.

The predetermination technique used by SDC is beneficial to the patient as well as the treating dentist. Predeterminations help you, the patient, understand your financial obligations and guarantee that the planned service is covered by the dental plan.

Predeterminations can speed up claim payment because documentation criteria are met before treatment starts. A dentist must submit a predetermination if the planned treatment plan costs more than $400 or includes periodontal therapy.

To know more about benefits:

https://brainly.com/question/29354759

#SPJ4

beginning in january, a person plans to deposit $100 at the end of each month into an account earning 9% compounded monthly. each year taxes must be paid on the interest earned during that year. find the interest earned during each year for the first 3 years.

Answers

The first year's interest was $33.56, the second year's interest was $109.64, and the third year's interest was 190.41$

What does it mean to earn interest?

The amount of interest earned from investments that pay the owner a regular series of required payments is known as interest earned. Investments in an interest-bearing bank account or certificate of deposit, for instance, can yield interest.

How is the annual interest earned multiplied?

Divide earnings before taxes and interest by the total interest due on debt to arrive at the TIE formula.

How is earned time interest explained?

The ability of a company to meet its debt obligations on a regular basis is measured by the Times Interest Earned (TIE) ratio. Divide a company's EBIT by its annual interest expense to arrive at this ratio.

Learn more about interest here:

https://brainly.com/question/1173061

#SPJ4

salespeople from acme corp. are searching for potential customers from company sales records, trade shows, commercial databases, newspaper announcements, public records, telephone directories, trade association directories, and many other sources. this is best described as

Answers

Salespeople from acme corp. are searching for potential customers from company sales records, trade shows, commercial databases, newspaper announcements, public records, telephone directories, trade association directories, and many other sources. this is best described as prospecting.

An illustration of a salesman is someone who sells buses. A salesperson or salesman. A person who's employed to vend products or services. A person employed to vend goods or services. All salesmen can be grouped into one of three orders The Commodity salesman. The Price salesman. The Solution Value Salesperson.

A salesman is someone who sells a product or service, and his or her main idea is making deals. The salesman may or may not actually be passionate about the product or service. He or she's utmost interested in earning a plutocrat.

Learn more about Salespeople here: https://brainly.com/question/28341769

#SPJ4

what is an interactive process of addressable communication that uses one or more advertising medium to affect, at any location, a measurable sale, lead, retail purchase or charitable donation, with this activity analyzed on a database for the development of ongoing mutually beneficial relationships between marketers and customers, prospects, or donors?

Answers

direct marketing DMA is an interactive process of addressable communication that uses one or more advertising mediums to affect, at any location, a measurable sale, lead, retail purchase, or charitable donation, with this activity, analyzed on a database for the development of ongoing mutually beneficial relationships between marketers and customers, prospects, or donors.

Direct advertising and marketing is the shape of speaking a suggestion, where companies speak at once to a pre-decided consumer and supply a way for a direct response. among practitioners, it's also known as direct response advertising. In contrast, advertising is of a mass-message nature.

response channels include toll-loose cellphone numbers, reply playing cards, reply bureaucracy to be despatched in an envelope, websites, and electronic mail addresses.

the superiority of direct marketing and the unwelcome nature of some communications has led to policies and laws inclusive of the CAN-spam Act, requiring that purchasers inside America be allowed to decide out. Direct advertising, the usage of catalogs, became practiced in 15th-century Europe. The writer Aldus Manutius of Venice revealed a listing of the books he offered for sale. In 1667, the English gardener, William Lucas, posted a seed catalog, which he mailed to his clients to tell them of his fees. Catalogs spread to colonial the USA, wherein Benjamin Franklin is believed to have been the first cataloguer in British the united states. In 1744, he produced a list of medical and educational books.

To learn more about direct marketing visit here:

brainly.com/question/14008832

#SPJ4

my son is saving his allowance and chore money to buy a new bicycle. which function of money is he utilizing? group of answer choices medium of exchange. unit of account. store of value. standard of deferred payment.

Answers

Medium of exchange of money is he utilizing.

Money is any item that is typically usual as a fee for goods and offerings and reimbursement of debts in a given socio-monetary context. the principle features of cash are distinguished as a medium of change; a unit of account; a store of cost; and, every so often, a preferred deferred fee.

The 4 unique types of money as classified by using economists are commercial money, fiduciary cash, fiat cash, and commodity money. cash whose fee comes from a commodity of which it's far made is referred to as commodity cash.

Learn more about money here: https://brainly.com/question/329739

#SPJ4

the tendency of existing firms to be slow to respond to changes in the industry environment due to their large size, established routines, or prior strategic commitments to existing suppliers and customers is known as

Answers

Incumbent inertia is the tendency of existing firms to be slow to respond to changes in the industry environment due to their large size and established routines with existing suppliers and customers.

Incumbent inertia, defined as the failure to implement internal change in the face of significant external change, causes incumbents to fail in markets where they once held a competitive advantage. It is possible for an incumbent to become inert if they wait until the market is fully developed or if they are undecided about the best course of action. The literature does not mention this second explanation as a reason for incumbent inertia.

By allocating resources effectively and acquiring capabilities that enable them to outperform rivals, businesses can gain a competitive edge (Day, 1994), but as the competitive environment changes, firms may lose their ability to compete.

Learn to know more about Suppliers on

https://brainly.com/question/26500183

#SPJ4

 

Other Questions
giving Brainly show work the author develops the example of shared laughter to support his assertion that group of answer choices humans are emotionally connected to each other. humans cannot control their laughing and yawning reflexes. stable relationships depend on sharing happy emotions. chimpanzees and humans are almost identical in their behaviors. Brianna reads the following paragraph from a short story.As Cole watched Feiyan receive her first-place trophy for winning the chess tournament, he couldnt help but beam proudly. He didnt defeat Feiyan this time; she had defeated him in a hard-fought, complicated game. He had trained her well over myriad afternoons in their after-school chess club. And now he looked forward to the challenge that would await him in next years tournament.Which detail in the text supports the theme that happiness can be found in another persons success? an investor put 50% of her money in stock a and 50% in stock b. stock a has a beta of 0.9 and stock b has a beta of 1.3. if the risk-free rate is 1% and the market risk premium is 5%, what is the expected portfolio return? on one of the earth worms that we tested, we used a pulse height higher than the mgf threshold and lower than the lgf threshold. should we observe an action potential from lgf? A rectangular ground is 121/4m long and 41/2 m broad. Find the perimeter and area of the ground. on a particular stretch of highway, the state police know that the average speed is 62 mph with a standard deviation of 5 mph. on a busy holiday weekend, the police are concerned that people travel too fast. so they randomly monitor speeds of a sample of 50 cars and record an average speed of 66 mph. let's assume, for the moment, that people travel at the same speed on holiday weekends as they typically do on other days. calculate the mean and standard deviation of the sampling distribution of sample means for samples of size n Your friend Alex has won a scholarship tostudy abroad. (Congratulations!) Alex hasonly 8 weeks to earn enough money to buy aplane ticket, and he wants to work at anamusement park over the summer to achievethis goal.Tech intershipSchedule- Part Time (20hours/week)Wage-11.50/hourAmusement park attendantSchedule- full time (40hours/week)Wage - 9/hour+ 100 bonus8 weeks to buy airplane ticket $2200Please help with the table Rafael has saved up $650 to buy a new laptop. The laptop he wants is in stores for $749.99 but is on sale for 25% off. After the discount is removed, a tax rate of 5.75% is added on. After Rafael buys the laptop, how much money will he have left over? Remember to round to the nearest hundredth as you go because this is money. the customer table contains a foreign key, rep num, that must match the primary key of the rep table. what type of update(s) to the customer table would violate the foreign key constraint? peter taylor, a cfa charterholder and a food industry analyst for a large investment firm, has been invited by sweet pineapple co. to visit the firm's processing plants in hawaii. the standard concerning independence and objectivity recommends that taylor: what features of the United States health care industry makes it somewhat unique from other industries? Please help me when this question it would mean a lot Im alll most out of time The root greg means group. What does the word congregate mean?to exit in a loud fashionto assemble in large numbersto design or manufacture goodsto repeat many times the predominately french style that flourished in the early twentieth century and presents the listener with subtle timbres and somewhat abstract melody and harmony is known as . A triangle has sided with lengths of 20 miles, 25 miles, and 30 miles. Is it a right triangle ? In the fourth verse of "go down, moses," what theme is the speaker conveying with the descriptions of what the lord says? the idea that moses is bold and speaks powerful words the idea that the lord struck down all the first-born son's of egypt because pharaoh would not let the israelites go the idea that enslavement is a loathsome burden and is unjust the idea that enslavement is not just unjust, but is so offensive to the lord that he will enact judgement if the enslaver's do not release the people they enslave Elon is paid by the hour. He earned $50 for a 4 hour workday. How muchdoes he earn in one hour? viral symmetry that is both icosahedral and helical and possibly other symmetry is collectively referred to as what does linda villarosa identify as being part of the reason for poor outcomes for black birthing people?