2) A proper manual payment certification includeswhose signature? [List the types of certification.][Remediation Accessed :N]The CertifyingOfficerThe DisbursingOfficerThe Payment ReviewOfficerAll ofthese

A proper manual payment certification includes the Certifying officer signature.

Answered: 2) A proper manual payment…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Which of the following are not the safeguards to offset the threats To Fundamental Principles? a) Educational, training and experience requirements for entry into the profession b) Continuing professional development requirements c) Corporate non - governance regulations d) Professional standards e) Professional or regulatory monitoring and disciplinary procedures f) Internal review by a legally empowered third party of the reports, returns, communications or information produced by a member. Only a) and b) Only c) and f) Only c) Only b) and c)
6 Explain ethical standards and consumer rights and responsibilities - Explain what are the ethical standards that cover• Privacy, confidentiality and security of customer information• Disclosure of material facts, conflict of interest and referrals• Price guide recommendationsIn your report be aware we are not looking for the legislation that governs these behaviours but rather the ethical principles and considerations you should consider when dealing with those issues.
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The following are examples of documentation typically obtained byauditors:1. Duplicate sales invoices2. Subsidiary accounts receivable records3. Vendors’ invoices4. General ledgers5. Title insurance policies for real estate6. Notes receivable7. Bank statements8. Cancelled payroll checks9. Cancelled notes payable10. Payroll time cards11. Purchase requisitions12. Articles of incorporation13. Receiving reports (documents prepared when merchandise is received)14. Minutes of the board of directors15. Signed W-4s (Employee’s Withholding Exemption Certificates)16. Remittance advices17. Signed lease agreements18. Duplicate copies of bills of ladinga. Classify each of the preceding items according to type of documentation: (1) internalor (2) external.b. Explain why external evidence is more reliable than internal evidence.
Which of the following is NOT an input of the Contract Administrationprocess?A. Procurement management planB. Work Performance InformationC. Contract Management PlanD. Selected Sellers You are having lunch with one of your colleagues. He tells you in confidencethat he lied about having a PMP certification, and never actually passed theexam. What is the BEST way to handle this situation?A. Report the person to his managerB. Report the person to PMIC. Ask him to tell the truth to his managerD. Do nothing because you were told this in confidence Your team has recommended a change to the scope verification process.What’s the first thing you should do?A. Analyze the change versus the Project Management plan to see what its impact willbe.B. Implement the changeC. Write up a change requestD. Tell your team that the process has already been decided and they should follow it.
Independent auditing can best be described as(1) a branch of accounting.(2) a discipline that attests to the results of accounting and other functional operationsand data.(3) a professional activity that measures and communicates financial and business data.(4) a regulatory function that prevents the issuance of improper financial information.
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Which of the following is NOT true regarding agency costs and agency problems? Group of answer choices A)The cost of video cameras installed in stores to limit shirking by managers is a direct agency corporation B)A number of features of a modern economy moderate the potential impact of agency costs. C)A store manager purchases a corporate jet without authorization. This is an example of a direct agency cost. D)The potential for agency problems are larger in a corporation than in a sole proprietorship.
AUDITING ERP DATABASESYou are an independent auditor attending an engagementinterview with the client. The client’s organizationhas recently implemented a data warehouse.Management is concerned that the audit tests thatyou perform will disrupt operations and suggeststhat instead of running tests against the live operationaldatabase, you draw the data for your analyticalreviews and substantive tests of details from the datawarehouse. Management points out that operationaldata are copied weekly into the warehouse and everythingyou need is contained there. This will enableyou to perform your tests without disrupting routineoperations. You agree to give this some thought andget back to the client with your answer. RequiredDraft a memo to the client outlining your responseto the client’s proposal. Mention any concerns you might have.
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2) A proper manual payment certification includes whose signature? [List the types of certification.] [Remediation Accessed :N] The Certifying Officer The Disbursing Officer The Payment Review Officer All of these