It is the accounting standard setting body in the Philippines at the present time.1. Accounting Standards Councilc. Philippine Accounting Standards Board. Auditing and Assurance Standards Council d. Financial Reporting Standards Council
1. It is the accounting standard setting body in the Philippines at the present time.1. Accounting Standards Councilc. Philippine Accounting Standards Board. Auditing and Assurance Standards Council d. Financial Reporting Standards Council
THERE are three standards-setting and interpretation organizations in the Philippines that recommend the standards, rules and interpretative pronouncements on accountancy and auditing. These three organizations are: a) the Financial Reporting Standards Council; b) the Auditing and Assurance Standards Council; and c) the Philippine Interpretations Committee. These three are mandated under the Accountancy Law and the implementing rules to recommend to the Board of Accountancy the standards and interpretations, for BOA approval. As of 2018, the Chairmen of the councils are Roberto G. Manabat for the AASC, David L. Balangue for the FRSC and Wilson P. Tan for the PIC.
2. Which of the following is not represented in the Auditing and Assurance Standards Council? A. Board of Accountancy B. Bangko Sentral ng Pilipinas C. Bureau of Internal Revenue D. Securities and Exchange Commission
Answer:
A. po (im not sure po sorry)
3. Auditing and assurance specialized industries
Explanation:
wht is the question pooo??
4. True or False _1.Financial audit is the independent verification and examination that assures fairness of presentation of financial information.
Answer:
i dont nkow
Explanation:
Financial audit is the independent verification and examination that assures fairness of presentation of financial information.
5. Which of the following are represented in the financial reporting standards council?
Answer:
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and Stewardship Codes. The FRC seeks to promote transparency and integrity in business by aiming its work at investors and others who rely on company reports, audits and high-quality risk management.
Explanation:
sana makatulong :D
6. how can you assure that you are following the enterprise standard in making soups
Answer:
by following the structions or doing it right
Explanation:
They are concentrated in flavor, add richness, smoothness, and enhance any dish. Stock or bouillon in French is the plain unclarified broth obtained from simmering meat and vegetables in water. It is used instead of plain water for cooking certain dishes, and for making soups and sauces.
hope it helps ☺️
7. Auditing and assurance concepts and applications 1 cabrera
I don't know, im so sorry
8. identify the Composition of the financial reporting standard council(frsc)
Answer:
The FRSC consists of who a Chairman and members are appointed by the BOA and include representatives from the Board of Accountancy (BOA), Securities and Exchange Commission (SEC), Bangko Sentral ng Pilipinas (BSP), Financial Executives Institute of the Philippines (FINEX), Commission on Audit (COA) and Philippine ...
9. The principal reason for developing a written audit program is to help assure that the
Answer:
An audit program, also called an audit plan, is an action plan that documents what procedures an auditor will follow to validate that an organization is in conformance with compliance regulations.
Explanation:
☁Hope it Helps
10. In the auditing environment failure to meet auditing standards is often
In the auditing environment, failure to meet auditing standards is often: conclusive evidence of negligence. A common way for a CPA firm to demonstrate its lack of duty to perform is by use of a(n): audit contract, or engagement letter.
11. Which of the following is responsible for developing and maintaining a quality assurance and improvement program that covers all aspects of the internal audit activity and continuously monitors its effectiveness?
Answer:
The chief audit executive
-must develop and maintain a quality assurance and improvement program that covers all aspects of the internal audit activity.
Explanation:
hope it helps!
12. An auditor need not abide by an auditing standard if the auditor believes that
Answer:
thanks for the update and for the record is clean and discreet here is the link to the video of the day and for the record is clean and discreet here is the link
13. Which of the following is mandatory if the auditor is to comply with generally accepted auditing standards?
Answer:
Which of the following is mandatory if the auditor is to comply with generally acceptedauditing standards?
Possession by the auditor of adequate technical training
Explanation:
Brainliest pls thx
14. Auditing and assurance: specialized industries book philippines
Answer:
This course is designed to orient the students in the application of the audit standards techniques and procedures in the risk-based audit process in specialized industries.
15. Audit, assurance and related services suggested answer certified finance and accounting professional examination winter 2020 auditor expresses an adverse opinion
Answer:
is covid19 created to reduce world population. are humans for extinction?
what will happen to the world if we can not stop the virus from mutating and infecting humans?
who is behind corona virus? why is corona virus. called a conspiracy virus?
why some people who contract the coronavirus "never know" they're infected?
16. The interpretation related to quality assurance given by the standards is that
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External assessments can provide senior management and the board with independent assurance about the quality of the internal audit activity.
The interpretation related to quality assurance given by the standards is that external assessments can provide senior management and the board with independent assurance about the quality of the internal audit activity.#CarryOnLearning
#GoodLuckToYou!
17. The Accounting Standards Council defines accounting as?
Explanation:
Definition of Accounting
According to the Accounting Standards Council accounting is a service activity. Its function is to provide quantitative information, primarily financial in nature, about economic entities, that is intended to be useful in making economic decisions.
18. The auditor should consider the nature, extent, and timing of the work to be performed and should prepare a written audit program for every audit. which audit standard is most closely related to this requirement
a writer of a book, article, or report.
"he is the author of several books on the subject
19. Which of the following best describes relationships among auditing, attest, and assurance services?
Answer:
Auditing is a type of assurance serviceExplanation:
hope it helps
20. Auditing and assurance principles bercasio, escala solution manual
Answer:
If the exhaust gas is colorless, the vehicle's engine has no problem. It indicates that the engine works normally to burn oil. Colorless or slightly light blue colored gas represents that the engine is normal. White-colored exhaust gas emitted indicates that the engine is not properly ignited due to low temperature.
Explanation:
21. A member of the it department transfers to the internal audit department. a few months after transferring, the new auditor volunteers to assist in an assurance engagement for the it department. according to the standards, how should the chief audit executive respond
Answer:
#Carry On Learning
#Hope it helps
22. how can you assure that you are following the enterprise standard in making soups
Answer:
Preview Understanding causes and effects can help clarify ... problems that could happen when preparing white stock, and how to prevent ... chopped vegetables that is used in a stock to add ... types of sauce ingredients in the second-tier boxes. ... These sauces are all made by combining a liquid with a thickening agent.
Explanation:
23. Auditing and assurance concepts and applications 1 test bank
Answer:
You're coolStep-by-step explanation:
And one-million cool,Thanks and Merry Christmas24. Auditing and assurance services escala pdf
Answer:
what is that question
Step-by-step explanation:
It is not a question
25. Quality control for a cpa firm as referred to in auditing standards applies to
Answer:
Auditing and accounting and review services
Explanation:
Yan lang po alam ko hehe sorry kung mali basta mag tulongan kita po promise paki brainliests po salamat
26. Auditing standard setting body created by the board of accountancy is known as
Answer:Financial Reporting Standards Council (FRSC).
Step-by-step explanation:
NO NEED TO EXPLAIN ITS ALREADY CORRECT..
27. Which of the following is a general standard of generally accepted attestation standards but not a fundamental auditing principle?
Answer:
due care
Step-by-step explanation:
correct if I'm wrong
28. Which of the following underlies the application of generally accepted auditing standards?
Answer:
Which of the following underlies the application of generally accepted auditing standards, particularly the standards for obtaining sufficient appropriate audit evidence?
The elements of materiality and audit risk.29. B. The following are examples of quality assurance (QA) and quality control (QC) activities. Group them according to these two groups.Hint: There are exactly four activities in each group.Quality Control ActivitiesQuality Assurance ActivitiesActivities:✓ Walkthrough✓ Testing✓ Inspection/Checkpoint View✓ Quality audit✓ Defining Process✓ Tool identification andselection✓ Training of QualityStandards andProcesses
Answer:
Quality Control Activities
Walkthrough
Testing
Inspection
Checkpoint review
Quality Assurance Activities
Quality Audit
Defining Process
Tool Identification and selection
Training of Quality Standards and Processes
Explanation:
Hope it helps
30. What level of assurance is provided by the auditor in an audit engagement?
Answer:
In an audit engagement, the auditor provides a high, but not absolute, level of assurance that the information subject to audit is free of material misstatement. This is expressed positively in the audit report as reasonable assurance. 17
