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Objective 2 1) The accounting profession is self-regulated. 2) The SOX legislation basically requires management of privately held companies must assess and report on the effectiveness of internal controls for financial reporting using a recognized framework. 3) SOX emphasizes a strong system of internal control as a way of avoiding Enron-sized accounting.

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47) What information does the following XBRL tag provide? <us-gaap:InventoryNet contextRef="Jan012014" unitRef="USD" decimals="6">391400000000</us-gaap:InventoryNet> 48) What information does the following XBRL tag provide? <us-gaap:GoodWill contextRef="Jul012013" unitRef="USD" decimals="2">4956000</us-gaap:GoodWill> 49) List and define the XBRL essentials. .

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42) What information does the following XBRL tag provide? <ifrs-gp:AssetsHeldSale contextRef="Current_AsOf" unitRef="U-Euros"decimals="2">20000</ifrs-gp:AssetsHeldSale> Answer:  43) What information does the following XBRL tag provide? <ifrs-gp:Inventories contextRef="Current_AsOf" unitRef="U-Euros"decimals="2">5000000</ifrs-gp:Inventories> 44) What information does the following XBRL tag provide? <ifrs-gp:OtherOperatingExpenses contextRef="Dec312014" unitRef="USD" decimals="3">6920000</ifrs-gp:OtherOperatingExpenses> 45) What information does the following XBRL tag provide? <us-gaap:PrepaidExpenseCurrent contextRef="Dec312013" unitRef="USD" decimals="4">12984000000</us-gaap:PrepaidExpenseCurrent> 46) What information does the following XBRL.

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Chapter Extension 10A 1) The ________ of internal auditors establishes trust and thus provides the basis for reliance on their judgment. 2) Internal auditors exhibit the highest level of professional ________ in gathering, evaluating, and communicating information about the activity or process being examined. Match the internal auditors code of ethics principle to.

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11) Which guiding principle of integrated reporting attempts to improve transparency of reporting on key economic, social, and environmental issues? A) Connectivity of Information B) Responsiveness and Stakeholder Inclusiveness C) Strategic Focus D) Conciseness, Reliability, and Materiality 12) The two primary benefits of integrated reporting are A) Increased production and improved profit B) Increased good will and.

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Objective 1 1) Cybersecurity combines people, processes, and technology to continually monitor vulnerabilities and respond proactively to secure the system. 2) Personal data, such as home address and credit card number, are stored on hotel card keys. 3) ________ developed the 10-domain Common Body of Knowledge (CBK) for IT security and controls. 4).

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5) List and define the information sensitivity classifications for the private sector. 6) List and define information sensitivity classification for governmental sector. 7) Provide example of how security and controls measures can be included in the planning, design, installation, and deployment phases of the SDLC. 8) List and describe three frameworks that provide.

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Objective 3 1) Internal control is designed to provide reasonable assurance regarding the achievement of objectives in effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations. 2) The internal control category control environment includes identifying, analyzing, and managing risks affecting the ability to report financial.

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Objective 7 1) ________ controls ensure that reports and messages reach intended recipients. 2) Operations security refers to A) Security for access to the enterprise system, including computers, networks, routers, and databases B) Security for telecommunications, networks, and the Internet C) The physical security of information technology components, such as hardware and software D) Activities.

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21) Which sustainability reporting framework is the cornerstone of the G3 guidelines? A) International Federation of Accountants (IFAC) Sustainability Framework B) EMAS European Union C) ISO 14000 Environmental Management D) Global Reporting Initiative (GRI) 22) In order for a model to be accepted throughout an organization and provide a common language for communicating and understanding.

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Objective 4 1) Increasingly the expectation is that the auditor and the IT professional learn more about the other's field. 2) Internal controls for the accounting system are incomplete without IT controls. 3) Application controls ensure completeness and accuracy of transaction processing, authorization, and validity. 4) Input controls ensure data is processed properly. 5).

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Match the privacy principle to the correct definition. A) The entity defines, documents, communicates, and assigns accountability for its privacy policies and procedures. B) The entity provides information about its privacy policies and procedures and identifies the purposes for which personal information is collected, used, retained, and disclosed. C) The entity limits the.

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Match the linkbase to the appropriate definition. A) Defines the basic validation rules B) Defines the labels used in the document C) Defines how the elements are presented D) Defines different kinds of relationships between elements E) Defines the relationships between the elements and the external regulations or standards 19) Reference link 20) Calculation link 21) Presentation link 22).

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Objective 1 1) Motive and opportunity without means still results in fraud. 2) Corruption involves theft of assets for personal gain. 3) Fraudulent financial reporting includes misstating financial statements to meet earnings targets. 4) Not even the strongest system of controls can eliminate all risk of organizations being defrauded by employees who are sufficiently.

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21) Which legislation requires organizations that handle credit and debit card data to meet cybersecurity requirements to safeguard data?              A) Computer Fraud and Abuse Act B) Federal Information Security Management Act of 2002 (FISMA) C) Economic Espionage Act of 1996 D) Payment Card Industries Data Security Standards (PCI-DDS) 22) It is the first day.

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11) The success of a framework or model is often based upon not perfection, but ________. 12) In order to be effective, the sustainability report must provide information about the organization's sustainability performance in a relatively straightforward and understandable manner. In business, this is described as the ________. 13) The ________.

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Objective 5 1) In integrated reporting, thinking does not include considering long-term success. 2) Integrating reporting combines the financial report and sustainability performance into one report. 3) An integrated report does not show how business decisions and performance are connected. 4) An integrated report provides insights into an organization's relationship with its key stakeholders. 5).

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Objective 5 1) The reporting framework for Service Organization Control (SOC) consists of five SOC reports. 2) Service organizations are external organizations that perform services to the company being audited. 3) ________ reports are issued by the service organization to report on its controls relevant to a company's internal control over financial reporting. 4).

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Match the legislation to the description. A) This legislation requires organizations that handle credit and debit card data to meet cybersecurity requirements to safeguard the data. B) Frank-Dodd Wall Street Reform and Consumer Protection Act C) This legislation requires each federal agency to develop, document, and implement an agency-wide information security program. D) This.

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11) In the COSO Internal Control-Integrated Framework, control activities do NOT include A) Independent reconciliations of assets and accounting records B) Physical controls C) Segregation of duties D) Management controls 12) Which COSO Internal Control-Integrated Framework essential component of an effective internal control system includes the accounting system for identifying, recording, processing, and reporting transactions.

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11) Which of the following is NOT part of the audit committee's responsibilities? A) The organization's compliance with legal and regulatory requirements B) The integrity of the organization's financial statements and reports C) The organization's policies regarding ethical conduct D) The organization's ability to process data efficiently and effectively 12) Which general IT control includes.

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12) What is a microcomputer? A) A computer with moderate computing power B) A personal computer or laptop C) A smart phone D) A powerful, high-speed computer used for complex numerical calculations 13) Which of the following network hardware are typically personal computers and laptops connected to the network? A) Workstation computers B) Server computers C) Routing devices D).

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