Should public companies be allowed to publish any non-GAAP performancemetrics? Why or why not?

Q: Define information risk and explain how thefinancial statement auditing process helps toreduce this…

A: Information risk is the risk that the information disseminated by a company will be materially tend…

Q: what recent development in FP&A, if any, can significantly help companies deal with a black swan…

A: The answer for the theory question on the development in FP&A that helps companies in dealing…

Q: Describe a nonmanufacturing business that could benefit from the use of standards. Also, explain how…

A:

Q: Identify any differences between U.S. GAAP and International Financial Reporting Standards in the…

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Q: Difference between business risk and audit risk?

A: Risk is the chances that actual will differ from expected results.

Q: why there is material uncertainty in the company?

A: There are several problems which are faced by the companies for both internal sources and external…

Q: What is a post-audit, why do firms use them, and what problems can arise when they are used?

A: Post Audit: It is a technique that is used for the evaluation of performance by comparing the actual…

Q: What are disadvantages of external private audit?

A: External Audit refers to independent examination of financial statements of the organisations. These…

Q: What additional constraints and obligations do auditors face when doing nonaudit services for public…

A: Audit: The auditing process is the examination of financial statements for conformity.

Q: What business risks does Dell face that may threaten its ability to satisfy shareholder expectations

A: Shareholders are the persons who have ownership of the shares of any private or public concern.

Q: How might differences in presentation of comparative data under GAAP and IFRS affect adoption of…

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Q: Advantages/disadvantages of internal and external audit of the public sector.

A: INTERNAL AUDIT   Internal audit means the evaluation of operations, records and procedure of an…

Q: Discuss whether or not conventional accounting (IASB) framework undermines the presentation of…

A: Here discuss about the details of conventional accounting framework (IASB) which are whether to…

Q: Are the SMEs who follow IFRS for SMEs require external auditors for their financial statements ?

A: External auditors are certified public accountants who checks the company’s accounts and file their…

Q: Are non-IFRS financial data different from the IFRS financial information? How may RG230 be used to…

A: Introduction "Disclosing Non-IFRS financial information" is the subject of RG230.

Q: Define information risk and explain how the financial statement auditing process helps to reduce…

A: Information risk is the risk that the information disseminated by a company will be materially tend…

Q: Whether the act of overstating in revenue is considered and classified to be a significant risk.…

A: Revenue: Revenue is income earned by a firm selling its goods and services to other parties. The…

Q: What creates the demand for financial statement audit?

A: The primary and utmost objective of audit is to certify and provide reasonable assurance that…

Q: Standardize auditing procedures by identifying industry consensus (GAAS). What's the point of GAAS,…

A: The Question deals with standardize auditing procedures by identifying industry consensus (GAAS):

Q: hat is the authoorative status of the Conceptual Framework?   a. to provide the foundation for…

A: Answer: Concept: Conceptual framework deals with financial reporting.

Q: Operating segments that do not meet any of the quantitative thresholds A. Cannot be considered…

A: Operating segment is a segment or component which is engaged in business activities and incurs…

Q: What is the authoritative status of the Conceptual Framework? The Framework applies when FRSC…

A: The Conceptual Framework's main goals are to help users of financial reports comprehend the data in…

Q: project plan is a company's information security blueprint, but how does this occur?

A: step 1  A security blueprint can be defined as a comprehensive plan for managing an organization's…

Q: Which of the following statements about XBRL is not true? XBRL eliminates the need to reenter…

A: 1) Which of the following statements about XBRL is not true?  XBRL is compatible with the majority…

Q: Audit working paper classification varies among auditing firms.  TRUE OR FALSE? WHY?

A: Correct Answer is true

Q: Having an audit performed on the company's financial statements BEST illustrates which of the…

A: An audit performed for ensuring the quality of financial information.

Q: What are the implications of a change in accounting standards? For example, what kinds of changes to…

A: Financial Accounting Standard Board (FASB) and International Financial Reporting Standards (IFRS)…

Q: What other restrictions and requirements apply to auditors whenproviding nonaudit services to public…

A: Audit: Audit is the process of verification of the compliance of the financial statements.

Q: What can be done by a business to mitigate: Execution risk Technology risk Reputation risk…

A: Risk management  Risk management is the identification, evaluation, and prioritization of risks…

Q: How can we reduce this risk in financial reporting process? "Are redundant and out-of-date…

A: Financial reporting is a typical accounting approach that uses financial statements to convey a…

Q: Explain what is meant by adverse economic consequences of new or changed accounting standards.

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Q: Why is the audit of revenue recognition riskier for a new company

A: According to the GAAP, the companies should not claim any revenue until they have provided the…

Q: Why is hedging relevant for a company?

A: Hedging represents the strategy of risk management in order to offset the losses associated with the…

Q: What are the segment reporting rules under the FASB, and how do they differ from the IFRS? How are t

A: Segment reporting rules under the FASB Business segment reporting breaks out a company's financial…

Q: Describe a nonmanufacturing business that could benefit from the use of standards. Additionally,…

A: Standard is nothing but a parameter for any process which is used to compare actual results with…

Q: What is meant by fundamental analysis? What type of information is disclosed in fundamental analysis…

A: Fundamental analysis is the establishment of the fair market value of the company's stock. This is…

Q: Discuss the characteristics of the firms and sectors which have cut or fully withdrawn guidance on…

A: Please find the answer to the above question below:

Q: Why is there a need for a company to be transparent in informing its investors on what is happening…

A: Investors of the business are those people who invest money in the business by purchasing shares of…

Q: Why is pro forma earnings reporting coming under scrutiny? How can you mitigate the "bad press"…

A: Pro forma earnings reporting refers to those financial statements that have hypothetical amounts as…

Q: What does GAAP mean? Why should businesses adhere to GAAP when reporting to external stakeholders?

A: The accounting is a process to identify, classify and record the transactions of the business and to…

Q: Explain how SOX has affected audit firms.

A: Basically, SOX was enacted to build confidence in the financial markets and tried to eliminate…

Q: 1. How would you suggest the standard-setter or the regulator mitigate the potensial decrease in…

A: Here asked about the standard setter or the regulator mitigate the potential in the decrease in the…