The process of evaluating a firm's________________ is to determine its effect on a society. A. operating procedures B. code of conduct C. Policies compliance D. All of the above

The process of evaluating a firm's________________ is to determine its effect on a  society.
A. operating procedures
B. code of conduct
C. Policies compliance
D. All of the above
by

1 Answer

Answer :

B. code of conduct
by

Related questions

After studying and evaluating a client's existing internal control, an auditor has concluded that the policies and procedures are well-designed and functioning as intended. Under these circumstances, the auditor would most likely a. Perform further control tests to the extent outlined in the audit program. b. Determine the control policies and procedures that should prevent or detect errors and fraud. c. Set detection risk at a higher level than would be set under conditions of weak internal control. d. Set detection risk at a lower level than would be set under conditions of weak internal control.

Description : After studying and evaluating a client's existing internal control, an auditor has concluded that the policies and procedures are well-designed and functioning as intended. Under these circumstances, the ... risk at a lower level than would be set under conditions of weak internal control.

Last Answer : Set detection risk at a higher level than would be set under conditions of weak internal control.

The firm should obtain written confirmation of compliance with its policies and procedures on independence from all firm personnel required to be independent by the Code of Ethics at least: a. Annually b. Every 3 years c. Every 2 years d. Every 5 years

Description : The firm should obtain written confirmation of compliance with its policies and procedures on independence from all firm personnel required to be independent by the Code of Ethics at least: a. Annually b. Every 3 years c. Every 2 years d. Every 5 years

Last Answer : Annually

At the beginning of the current audit engagement, the auditor should perform key preplanning activities which include all of the following except: a. Performing procedures regarding client acceptance or continuance. b. Evaluating compliance with ethical requirements. c. Establishing an understanding of the terms of the engagement. d. Considering internal contro

Description : At the beginning of the current audit engagement, the auditor should perform key preplanning activities which include all of the following except: a. Performing procedures regarding client acceptance ... c. Establishing an understanding of the terms of the engagement. d. Considering internal contro

Last Answer : Considering internal contro

An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity's operating activities in relation to specified objectives is a(n): a. External audit b. Compliance audit c. Operational audit d. Financial statement audit

Description : An audit that involves obtaining and evaluating evidence about the efficiency and effectiveness of an entity's operating activities in relation to specified objectives is a(n): a. External audit b. Compliance audit c. Operational audit d. Financial statement audit

Last Answer : Operational audit

Choose one of the following which would describe best the phrase "generally accepted auditing standards": a. They identify the policies and procedures for the conduct of the audit. b. They define the nature and extent of the auditor's responsibilities. c. They provide guidance to the auditor with respect to planning the audit and writing the audit report. d. They set forth a measure a measure of the quality of the performance of audit procedures.

Description : Choose one of the following which would describe best the phrase "generally accepted auditing standards": a. They identify the policies and procedures for the conduct of the audit. b. They define the ... d. They set forth a measure a measure of the quality of the performance of audit procedures.

Last Answer : They set forth a measure a measure of the quality of the performance of audit procedures.

An audit which is undertaken in order to determine whether the auditee is following specific procedures or rules set down by some higher authority is classified as a(n) a. Audit of financial statements. b. Compliance audit. c. Operational audit. d. Production audit

Description : An audit which is undertaken in order to determine whether the auditee is following specific procedures or rules set down by some higher authority is classified as a(n) a. Audit of financial statements. b. Compliance audit. c. Operational audit. d. Production audit

Last Answer : Compliance audit

An auditor should consider materiality when I. Determining the nature, timing, and extent of audit procedures. II. Evaluating the effect of misstatements. a. I only b. II only c. Both I and II d. Neither I nor II

Description : An auditor should consider materiality when I. Determining the nature, timing, and extent of audit procedures. II. Evaluating the effect of misstatements. a. I only b. II only c. Both I and II d. Neither I nor II

Last Answer : Both I and II

Which of the following should be the first step in designing a marketing channel? A. Exploring international opportunities B. Evaluating intermediaries C. Identifying what consumers want from the channel D. Identifying channel objectives

Description : Which of the following should be the first step in designing a marketing channel? A. Exploring international opportunities B. Evaluating intermediaries C. Identifying what consumers want from the channel D. Identifying channel objectives

Last Answer : C. Identifying what consumers want from the channel

Is the Polyproc Accounting Policies and Procedures compatable with all operating systems?

Description : Is the Polyproc Accounting Policies and Procedures compatable with all operating systems?

Last Answer : Polyproc Accounting Policies and Procedure will work on windows 200, nt, xp or vista.

Which of the following is/are correct about the “Operational Risk” as used in the field of banking? A. Risk of loss due to inadequate or failed internal process B. Risk of loss due to natural calamities C. Loss occurred due to non-compliance of legal procedures D. All of the Above E. None of the Above

Description : Which of the following is/are correct about the Operational Risk as used in the field of banking? A. Risk of loss due to inadequate or failed internal process B. Risk of loss due to natural ... Loss occurred due to non-compliance of legal procedures D. All of the Above E. None of the Above

Last Answer : A. Risk of loss due to inadequate or failed internal process Explanation: The Basel Committee defines the operational risk as the ―risk of loss resulting from inadequate or failed internal processes, people and systems or from external events‖.

Which of the following auditor concerns most likely could be so serious that the auditor concludes that a financial statement audit cannot be conducted? a. The entity has no formal written code of conduct b. The integrity of the entity’s management is suspect c. Procedures requiring segregation of duties are subject to management override d. Management fails to modify prescribed controls for changes in conditions

Description : Which of the following auditor concerns most likely could be so serious that the auditor concludes that a financial statement audit cannot be conducted? a. The entity has no formal written ... subject to management override d. Management fails to modify prescribed controls for changes in conditions

Last Answer : The integrity of the entity’s management is suspect

The Code of Ethics contains both general ethical principles that are aspirational in character and also a: a. List of violations that would cause the automatic suspension of the CPA’s license. b. Description of the CPA’s procedures for responding to an inquiry from trial board. c. Set of specific, mandatory rules describing levels of conduct the CPA must observe. d. List of specific crimes that would be considered as acts discreditable to the profession.

Description : The Code of Ethics contains both general ethical principles that are aspirational in character and also a: a. List of violations that would cause the automatic suspension of the CPA's license. b ... observe. d. List of specific crimes that would be considered as acts discreditable to the profession.

Last Answer : Set of specific, mandatory rules describing levels of conduct the CPA must observe

Which of these are safeguards for upholding high ethical standards? A. Having written orders to do something B. Companies’ internal codes, policies and education C. Corporate governance regulations D. b and c

Description : Which of these are safeguards for upholding high ethical standards? A. Having written orders to do something B. Companies’ internal codes, policies and education C. Corporate governance regulations D. b and c

Last Answer : D. b and c

Which of these are safeguards for upholding high ethical standards? A. Having written orders to do something B. Companies’ internal codes, policies and education C. Corporate governance regulations D. B and C

Description : Which of these are safeguards for upholding high ethical standards? A. Having written orders to do something B. Companies’ internal codes, policies and education C. Corporate governance regulations D. B and C

Last Answer : D. B and C

Inquiries directed towards those charged with governance may most likely a. Relate to their activities concerning the design, and effectiveness of the entity's internal control and whether management has satisfactorily responded to any findings from these activities. b. Help the auditor understand the environment in which the financial statements are prepared. c. Relate to changes in the entity's marketing strategies, sales trends, or contractual arrangements with its customers. d. Help the auditor in evaluating the appropriateness of the selection and application of certain accounting policies

Description : Inquiries directed towards those charged with governance may most likely a. Relate to their activities concerning the design, and effectiveness of the entity's internal control and ... the auditor in evaluating the appropriateness of the selection and application of certain accounting policies

Last Answer : Help the auditor understand the environment in which the financial statements are prepared.

An organization’s appropriate tone at the top promoting ethical conduct is an example of: A. Ethics sensitivity. B. Ethics incentives. C. Ethical behavior. D. Consequentialist.

Description : An organization’s appropriate tone at the top promoting ethical conduct is an example of: A. Ethics sensitivity. B. Ethics incentives. C. Ethical behavior. D. Consequentialist.

Last Answer : C. Ethical behavior.

Which of the following is an example of an area where business ethics apply? A. Conduct of international operations B. Nowhere C. In the personal life of staff D. None of the above

Description : Which of the following is an example of an area where business ethics apply? A. Conduct of international operations B. Nowhere C. In the personal life of staff D. None of the above

Last Answer : A. Conduct of international operations

Which of the following does the term Corporate Social Responsibility relate to? A. Environmental practice B. Ethical conduct C. Human rights and employee relations D. Community investment E. All of the above F. None of the above

Description : Which of the following does the term Corporate Social Responsibility relate to? A. Environmental practice B. Ethical conduct C. Human rights and employee relations D. Community investment E. All of the above F. None of the above

Last Answer : E. All of the above

An organization’s appropriate tone at the top promoting ethical conduct is an example of: A. Ethics sensitivity. B. Ethics incentives. C. Ethical behavior. D. Consequentialist

Description : An organization’s appropriate tone at the top promoting ethical conduct is an example of: A. Ethics sensitivity. B. Ethics incentives. C. Ethical behavior. D. Consequentialist

Last Answer : C. Ethical behavior.

Ellen decided to conduct an experiment in her mall's car park to see if shoppers would respond to a lower parking price to park in some of the under-utilized sections of the car park. Which of the following types of market research Ellen is using? A. Exploratory B. Causal C. Descriptive D. Investigative E. Behavioral

Description : Ellen decided to conduct an experiment in her mall's car park to see if shoppers would respond to a lower parking price to park in some of the under-utilized sections of the car park. Which of ... research Ellen is using? A. Exploratory B. Causal C. Descriptive D. Investigative E. Behavioral

Last Answer : B. Causal

Where a contract has to be inferred from the conduct of parties, it is called A. Express contract. B. Implied contract. C. Tacit contract. D. Unlawful contract

Description : Where a contract has to be inferred from the conduct of parties, it is called A. Express contract. B. Implied contract. C. Tacit contract. D. Unlawful contract

Last Answer : B. Implied contract.

What are some factors that I should take into consideration when evaluating and purchasing term assurance policies?

Description : What are some factors that I should take into consideration when evaluating and purchasing term assurance policies?

Last Answer : There are several factors you should take into account before purchasing term assurance policies. These include: comparing rates, reading the fine print and assessing the customer service of the provider.

An audit which determines whether organizational policies are being followed and whether external mandates are being met is referred to as a. A financial audit b. A compliance audit. c. An operational audit. d. None of the above

Description : An audit which determines whether organizational policies are being followed and whether external mandates are being met is referred to as a. A financial audit b. A compliance audit. c. An operational audit. d. None of the above

Last Answer : A compliance audit.

Which principles of ‘adequate procedures’ should be in place to prevent bribery according to the recent UK Bribery Act? A. Top level commitment B. Communication C. Write a document D. a and b

Description : Which principles of ‘adequate procedures’ should be in place to prevent bribery according to the recent UK Bribery Act? A. Top level commitment B. Communication C. Write a document D. a and b

Last Answer : D. a and b

Which principles of ‘adequate procedures’ should be in place to prevent bribery according to the recent UK Bribery Act? A. Top level commitment B. Communication C. Write a document D. A and B

Description : Which principles of ‘adequate procedures’ should be in place to prevent bribery according to the recent UK Bribery Act? A. Top level commitment B. Communication C. Write a document D. A and B

Last Answer : D. A and B

Which statement does not reflect the idea of ethical relativism: A. All opinions are equal; no one can say what is ethically right or wrong. B. One's culture, society, or personal feelings are the only criteria for deciding what is ethically right or wrong. C. Determining what is ethically right or wrong is a process of arguing from an appeal to values and principles that justify and legitimize an opinion. D. Philosophical ethics is simply a process of clarifying values, not a process of justifying them.

Description : Which statement does not reflect the idea of ethical relativism: A. All opinions are equal; no one can say what is ethically right or wrong. B. One's culture, society, or personal feelings are ... D. Philosophical ethics is simply a process of clarifying values, not a process of justifying them.

Last Answer : C. Determining what is ethically right or wrong is a process of arguing from an appeal to values and principles that justify and legitimize an opinion.

Which statement does not reflect the idea of ethical relativism: A. All opinions are equal; no one can say what is ethically right or wrong. B. One's culture, society, or personal feelings are the only criteria for deciding what is ethically right or wrong. C. Determining what is ethically right or wrong is a process of arguing from an appeal to values and principles that justify and legitimize an opinion. D. Philosophical ethics is simply a process of clarifying values, not a process of justifying them.

Description : Which statement does not reflect the idea of ethical relativism: A. All opinions are equal; no one can say what is ethically right or wrong. B. One's culture, society, or personal feelings are ... . D. Philosophical ethics is simply a process of clarifying values, not a process of justifying them.

Last Answer : C. Determining what is ethically right or wrong is a process of arguing from an appeal to values and principles that justify and legitimize an opinion.

The following procedures relate to Skills and Competence, except a. Identify criteria which will be considered in evaluating individual performance and expected proficiency. b. Provide procedures for maintaining the firm's standards of quality for the work performed. c. Establish qualifications and guidelines for evaluating potential hirees at each professional level. d. Provide, to the extent necessary, programs to fill the firm's needs for personnel with expertise in specialized and industries.

Description : The following procedures relate to Skills and Competence, except a. Identify criteria which will be considered in evaluating individual performance and expected proficiency. b. Provide procedures for ... to fill the firm's needs for personnel with expertise in specialized and industries.

Last Answer : Provide procedures for maintaining the firm's standards of quality for the work performed.

The main function of educational psychology is to provide prospective teacher with: Options: A) research procedures for evaluating current teaching procedure. B) Insight into the needs, problems and styles of behaviour of teacher. C) Insight into various aspects of modern teaching education. D) How to deal with students and everyday class situation.

Description : The main function of educational psychology is to provide prospective teacher with: Options: A) research procedures for evaluating current teaching procedure. B) Insight into the needs, problems and styles ... of modern teaching education. D) How to deal with students and everyday class situation.

Last Answer : D) How to deal with students and everyday class situation. 

Which of the following mostly describes the function of AASC? a. To monitor full compliance by auditors to PSAs. b. To assist the Board of Accountancy in conducting administrative proceedings on erring CPAs in audit practice. c. To promulgate auditing standards, practices and procedures that shall be generally accepted by the accounting profession in the Philippines. d. To undertake continuing research on both auditing and financial accounting in order to make them responsive to the needs of the public

Description : Which of the following mostly describes the function of AASC? a. To monitor full compliance by auditors to PSAs. b. To assist the Board of Accountancy in conducting administrative proceedings on ... both auditing and financial accounting in order to make them responsive to the needs of the public

Last Answer : To promulgate auditing standards, practices and procedures that shall be generally accepted by the accounting profession in the Philippines.

Which of the following best describes what is meant by generally accepted auditing standards? a. Pronouncements issued by the Auditing and Assurance Standards Council. b. Rules acknowledged by the accounting profession because of their universal compliance. c. Procedures to be used to gather evidence to support financial statements. d. Measures of the quality of the auditor's performance

Description : Which of the following best describes what is meant by generally accepted auditing standards? a. Pronouncements issued by the Auditing and Assurance Standards Council. b. Rules acknowledged by the ... evidence to support financial statements. d. Measures of the quality of the auditor's performance

Last Answer : Measures of the quality of the auditor's performance

Engagements frequently performed by professional accountants that are not assurance engagements include the following except a. Compilation b. Agreed-upon procedures. c. Compliance audit d. Management consulting

Description : Engagements frequently performed by professional accountants that are not assurance engagements include the following except a. Compilation b. Agreed-upon procedures. c. Compliance audit d. Management consulting

Last Answer : Compliance audit

Non-assurance engagements include all of the following except a. Compliance audit. b. Management consulting. c. Agreed-upon procedures. d. Preparation of tax returns where no conclusion is expressed.

Description : Non-assurance engagements include all of the following except a. Compliance audit. b. Management consulting. c. Agreed-upon procedures. d. Preparation of tax returns where no conclusion is expressed.

Last Answer : Compliance audit.

The review of unaudited financial statements consists of: a. Inquiry of management and analytical procedures. b. Inquiry of management and documentation of internal controls. c. Analytical procedures and compliance with laws and regulations. d. Internal control evaluation and management representation.

Description : The review of unaudited financial statements consists of: a. Inquiry of management and analytical procedures. b. Inquiry of management and documentation of internal controls. c. Analytical ... and compliance with laws and regulations. d. Internal control evaluation and management representation.

Last Answer : Inquiry of management and analytical procedures

The testing attempts to violate those procedures, which should test the adequacy of the security procedures. A. Disaster testing B. Functional testing C. Regression testing D. Compliance testing

Description : The testing attempts to violate those procedures, which should test the adequacy of the security procedures. A. Disaster testing B. Functional testing C. Regression testing D. Compliance testing

Last Answer : D. Compliance testing

An audit of financial statements is conducted to determine if the a. Organization is operating efficiently and effectively b. Client's internal control is functioning as intended. c. Auditee is following specific procedures or rules set down by some higher authority d. Overall financial statements are stated in accordance with an identified financial reporting framework

Description : An audit of financial statements is conducted to determine if the a. Organization is operating efficiently and effectively b. Client's internal control is functioning as intended. c. ... d. Overall financial statements are stated in accordance with an identified financial reporting framework

Last Answer : Overall financial statements are stated in accordance with an identified financial reporting framework

Assertion (A): Sustainable development critical to well-being of human society. Reason (R): Environmentally sound policies do not harm the environment or deplete the natural resources. Choose the correct code: (A) Both (A) and (R) are correct and (R) is the correct explanation of (A). (B) Both (A) and (R) are correct, but (R) is not the correct explanation of (A). (C) (A) is true and (R) is true (D) (A) is false and (R) is true

Description : Assertion (A): Sustainable development critical to well-being of human society. Reason (R): Environmentally sound policies do not harm the environment or deplete the natural resources. Choose the correct code: (A) Both (A) and ( ... C) (A) is true and (R) is true (D) (A) is false and (R) is true

Last Answer : (B) Both (A) and (R) are correct, but (R) is not the correct explanation of (A).

According to the Code of Ethics, thecharacteristics distinguishing theaccountancy profession include thefollowing except:a. To meet public interestrequirement.b. Adherence by its members to a commoncode of values and conduct establishedby its administering body.c. Acceptance of a duty to society as awhole. d. Mastery of a particular intellectual skill,acquired by training and education

Description : According to the Code of Ethics, thecharacteristics distinguishing the accountancy profession include the following except: a. To meet public interest requirement. b. Adherence by its members to a common ... a whole. d. Mastery of a particular intellectual skill, acquired by training and education

Last Answer : To meet public interest requirement

A profession is distinguished by certain characteristics including: a. Mastery of a particular intellectual skill, acquired by training and education. b. Adherence by its members to a common code of values and conduct established by its administrating body, including maintaining an outlook which is essentially objective. c. Acceptance of a duty to society as a whole. d. All of these.

Description : A profession is distinguished by certain characteristics including: a. Mastery of a particular intellectual skill, acquired by training and education. b. Adherence by its members to a common code of values and conduct ... objective. c. Acceptance of a duty to society as a whole. d. All of these.

Last Answer : All of these.

The code of conduct of the Vedic society was laid out in which text? -Do You Know?

Description : The code of conduct of the Vedic society was laid out in which text? -Do You Know?

Last Answer : answer:

The code of conduct of the Vedic society was laid out in which text?

Description : The code of conduct of the Vedic society was laid out in which text?

Last Answer : Smritis

The Code of Professional Ethics states, in part, that a CPA should maintain integrity and objectivity. Objectivity refers to the CPA's ability to a. Determine accounting practices that were consistently applied. b. Maintain an impartial attitude on all matters which come under his review. c. Determine the materiality of items. d. Insist on all matters regarding audit procedures.

Description : The Code of Professional Ethics states, in part, that a CPA should maintain integrity and objectivity. Objectivity refers to the CPA's ability to a. Determine accounting practices that were consistently ... . c. Determine the materiality of items. d. Insist on all matters regarding audit procedures.

Last Answer : Maintain an impartial attitude on all matters which come under his review.

The Code of Professional Ethics states, in part, that a CPA should maintain integrity and objectivity. Objectivity refers to the CPA's ability to a. Insist on all matters regarding audit procedures. b. Determine the materiality of items. c. Determine accounting practices that were consistently applied. d. Maintain an impartial attitude on all matters which come under his review

Description : The Code of Professional Ethics states, in part, that a CPA should maintain integrity and objectivity. Objectivity refers to the CPA's ability to a. Insist on all matters regarding audit ... were consistently applied. d. Maintain an impartial attitude on all matters which come under his review

Last Answer : Maintain an impartial attitude on all matters which come under his review

Observance of Government’s policies defined in ____of CCS Conduct rules a) Sec 3-A b) Sec 3-B c) Sec 3-C d) Sec 3-D

Description : Observance of Government’s policies defined in ____of CCS Conduct rules a) Sec 3-A b) Sec 3-B c) Sec 3-C d) Sec 3-D

Last Answer : b) Sec 3-B

In sec 3-A of CCS Conduct rules explained a) Observance o Government’s policies b) Prohibition of sexual harassment of working women c) Promptness and Courtesy d) All the above

Description : In sec 3-A of CCS Conduct rules explained a) Observance o Government’s policies b) Prohibition of sexual harassment of working women c) Promptness and Courtesy d) All the above

Last Answer : c) Promptness and Courtesy

The fundamental purpose for the existence of any organization is described by its A. policies B. mission C. procedures D. strategy

Description : The fundamental purpose for the existence of any organization is described by its A. policies B. mission C. procedures D. strategy

Last Answer : mission

The fundamental purpose for the existence of any organization is described by its A. policies B. mission C. procedures D. strategy

Description : The fundamental purpose for the existence of any organization is described by its A. policies B. mission C. procedures D. strategy

Last Answer : mission

…………is application of knowledge which redefine the boundaries of global business A. Cultural Values B. Society C. Technology D. Economy

Description : …………is application of knowledge which redefine the boundaries of global business A. Cultural Values B. Society C. Technology D. Economy

Last Answer : C. Technology

The goal of corporate governance and business ethics education is to: A. Teach students their professional accountability and to uphold their personal B. Integrity to society. C. Change the way in which ethics is taught to students. D. Create more ethics standards by which corporate professionals must operate. E. Increase the workload for accounting students

Description : The goal of corporate governance and business ethics education is to: A. Teach students their professional accountability and to uphold their personal B. Integrity to society. C. Change ... standards by which corporate professionals must operate. E. Increase the workload for accounting students

Last Answer : C. Change the way in which ethics is taught to students.