i. Discuss whether or not a paragraph is required in the written representation for each of the above matters

Q: uestions below

A: Compound interest is used in case of lump-sum money accumulates in the future if interest is charged…

Q: Which of the following is not a required disclosure under PAS 1?

A: PAS 1 refers to the Philippine Accounting Standards as developed by the PFRS (The Philippine…

Q: List and explain two important criteria that must be satisfied in order for information to be…

A: Relevant information:   Decision making process requires an understanding of a grasp of illegal…

Q: define W-3: explain the purpose, and who uses the form.

A:

Q: Describe about the full disclosure principle. Also tell the different ways in which information is…

A: Full disclosure principle: According to the principle of full disclosure, all the events occurred in…

Q: define an' Other Matter paragraph and explain, providing examples, the use of such a paragraph.

A: For purposes of Generally Accepted Auditing Standards (GAAS), the following terms have the meaning…

Q: detail "duditing End What statement Değine duuliting and abat the salement stagts in where…

A: All the transactions will be recorded in the journal book in a chronological manner. It is the first…

Q: 2. Identify the relevance of each of the figures given in the exercise in terms of making the…

A: A special order refers to the special one-time order made by a customer where the management has to…

Q: Review the full disclosure principle and describe how it is implemented

A: While preparing the financial statements of company, some genera rules & guidelines have to be…

Q: How are FASB preliminary views and FASB exposure drafts related to FASB “statements”?

A: Financial accounting standards board (FASB): The FASB is an independent, designated, and non-profit…

Q: Statement 1: present additional items separately on the basis of an

A: Financial statements are the reports prepared for the purpose of depicting the financial health of…

Q: Briefly discuss the main provisions of the SOX, and then explain Section 404 in detail.

A: SOX stands for Sarbanes-Oxley Act and it established protocols related to the assessment of internal…

Q: Define Full-disclosure principle.

A: Accounting:   It refers to the process of recording the transactions of the business in a systematic…

Q: Explain the difference between substantive and procedural due process.

A: Definition: Managerial accounting: Managerial accounting is the process of identifying, measuring,…

Q: define an Emphasis of Matter paragraph and explain, providing examples, the use of such paragraph.

A: Emphasis of matter paragraph: A paragraph in the report of the auditor concerning the financial…

Q: In your own words, briefly describe the Sarbanes-Oxley Act and its purpose.

A: The Sarbanes-Oxley Act of 2002 seems to be a law approved by the United States Congress on July 30,…

Q: what are used as evidence and the purpose of each type of document

A: Types of documents and purpose of the document as evidence.   1.Physical examination: A physical…

Q: Which sentence in the passage contains a word of phrase that signals a cause and effect relationship

A: 1. Cause and Effect relationship - It is the relation between two phenomena in which one phenomena…

Q: 1 State whether or not the contract should be accepted and support your conclusion with appropriate…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: Identify any two entity forms, and briefly discuss about their legal liability.

A: The answer is stated below:

Q: Question: What is a pre-emptive right? Instructions for answering this question: The answer to this…

A: A right given to shareholders to retain the same percentage of ownership they currently have if new…

Q: 1) define an emphasis of matter paragraph and explain , providing examples, the use of such a…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: termine ACA and TCSA of the entity? Provide example to explain your answer.​

A: ACA and TCSA-: The capital profit (made in the CGT incident L3) is comparable to the difference…

Q: Compare and contrast a condition precedent and condition subsequent.  Provide an example of each.

A: Condition precedent is an event that must occur before there is a duty to perform that contact on…

Q: Briefiy explain (in one or two sentences) what the meaning is of the calculated AS/SFR ask

A: Step 1: A cross exchange rate is the rate of exchange between two currencies that are inferred by…

Q: What major types of items are reported in the retainedearnings statement?

A:

Q: Describe the obligations of postretirement.

A:

Q: What two conditions must valid entities meet?

A: Entity:   Entity in the context of database management implies anything regarding which data is…

Q: What is TDS on commission, what is stated under section 194 H?

A: The income statement of the company will be prepared, and maintained by the management which will…

Q: Differentiate between letters, memo and report?

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Where is the reconciliation of Beginning PBO to ending PBO found in the codification (give topic,…

A: Here discuss about the accounting codification related with the accounting standard for the…

Q: What is its Cumulative Bulletin citation? Is it still a valid Reveune Ruling?

A: Will Be Explained:

Q: Define civil law

A: Introduction: Civil law is a form of rules that govern usual private substances, distinct from laws…

Q: For what purpose Form 2553 is required?

A: Form 2553   By completing IRS Form 2553, Election by a Small Business Corporation, businesses…

Q: Discuss the contract according to its enforceability?

A: In basic terms, a contract implies when two gatherings put into composing an understanding that…

Q: Please provide the introductory part and answer for question D.

A: Additional paid-up capital refers to money that investors paid above and beyond the par value price…

Q: Under what conditions should a provision be recorded?

A: Provision:   A provision is an account that records a liability of an organization. The liability is…

Q: As stipulated in the Conceptual Framework 2018, materiality is therefore an entity-specific aspect…

A: The Materiality concept implies that the transactions that are important for financial decisions are…

Q: Identify and analyze the challenges you may face in reconciling the concept Bill of Lading and…

A: SOLUTION- Document of title:   Document of title refers to an instrument in writing that acts as…

Q: Examining the classifications of obligations either as secured or unsecured, most relate to the…

A: Auditor: An auditor is a person or a group of people who is responsible for conducting an audit of…

Q: Describe the Key Provisions of the Sarbanes-Oxley Act.

A: Due to a lot of financial scandals which occurred in the early 2000s particularly Enron Scandal,…

Q: Describe in detail the general requirements of IFRS

A: The International Accounting Standards Board (IASB) felt the need to publish IFRS for a creation of…