Chapter 5 Homework

 2. For your second relationship, identify the independent and dependent variables and describe the attributes of each.

1.An extensive network of specialized cells that carry information to and from all parts of the body is called the nervous system.

Appendix A.2 also lists several factors that could provide opportunities for management/employees to commit fraud. One factor that could lead to fraud is if, “There is ineffective monitoring of management as a result of: domination of management by a single person or small group without compensating controls.” The auditors should have taken notice of the lack of controls and segregation of duties with respect to Phar-Mor’s

1. Why does the Indian classical tradition dominate the musical image of South Asia in the west?

With different industry definitions and viewpoints, fraud can be a tough issue for audit committee members to grasp for oversight purposes. The legal obligations of audit committee members have intensified because their standard duty of care and loyalty to the entity has increased in light of management fraud activities.

_______ is an understanding of how cultural differences across and within nations can affect the way in

"When a person 's diet lacks the chemical, his or her body experiences abnormal functioning."

(After noting that electricity passing through a conductor produces a glowing red or white heat, Edison imagined using this light for pratical uses. )

In this chapter, as in many other chapters, he intersperses short sentences into his narrative. In fact, some of his paragraphs in this chapter are only 1 sentence long. What kind of information is conveyed in these short paragraphs?

All goods purchased pass through a receiving department under the direction of the chief purchasing agent. The duties of the receiving department are to unpack, count, and inspect the goods. The quantity received is compared with the quantity shown on the receiving department’s copy of the purchase order. If there is no discrepancy, the purchase order is stamped “OK—Receiving Dept.” and forwarded to the accounts payable section of the accounting

a. Familiarize yourself with the internal control system for acquisitions and cash disbursements by studying the information in Figure 10-12 and Figure 10-13.

Fraud will always be an issue but it has been more prevalence in the past before there were any specific guidelines for business entities and accountants to adhere and conform to.

Trace items returned to the receiving report, taking note of quantity and date received (S‑4).

b) What is the firm’s forecasted average daily sales for the first three months of operations? For the entire half-year?

In response to management’s request, a thorough evaluation of internal control over disbursements for manufacturing plant purchases of parts and supplies is being planned. As a preliminary step in planning the engagement, each plant manger has been requested to provide a written description of his or her plant’s procedures for processing disbursement vouchers for parts and supplies. Presented below are some excerpts from one of the written descriptions.