true or false, the person who provide a report on the extent to which a company's...

true or false, the person who provide a report on the extent to which a company's financial statement faily prsents it financial perfomance and financial position at any given point in time is the internal Auditor

Expert Solution

Answer: FALSE

Explanation:

It is the job of the external auditor to report on the fairness of the financial statements of a company. The internal auditor may also verify the reporting statements for its accuracy and fairness in the course of his job, if it is part of his assigned duties. But, the reporting on fairness is done by the external auditor.

jeff jeffy answered 2 years ago

TRUE or FALSE. Since education yields private returns, which are fully captured by the person who...

TRUE or FALSE. Since education yields private returns, which are fully captured by the person who makes the investment, the market will provide the optimal level of education and the government should not intervene. ii) TRUE or FALSE. Public goods can be provided privately. iii) TRUE or FALSE. There is a basic trade-off between efficiency and equity because an efficient outcome may not necessarily be fair. iv) TRUE or FALSE. The adverse selection phenomenon of market failure is about the...

QUESTION 37 Generally, the person who writes a check is called the Payor. True False QUESTION...

QUESTION 37 Generally, the person who writes a check is called the Payor. True False QUESTION 38 When a bank wrongfully dishonors a check, it is liable to the payee for damages. True False QUESTION 39 One has one year to report a forged indorsement to the bank, or the bank will be relieved of liability to the drawer. True False QUESTION 40 When a customer deposits a check into her checking account, her bank is called the depository and...

Hobby expenditures are deductible to the extent of hobby gross income. Is this true or false?

Please answer the following questions (True/False) 1.Standardization versus adaptation is the extent to which each marketing...

Please answer the following questions (True/False) 1.Standardization versus adaptation is the extent to which each marketing mix element is standardized or adapted in various country markets. 2. Music represents a "transculture" that cannot be identified with any particular nation since rhythm is a universal aspect of music. 3. Intranet is a private network that allows authorized company personnel or outsiders to share information electronically in a secure fashion. 4. The discipline of marketing is universal and such marketing practices do...

Indicate whether True, False, or Uncertain. Then provide a brief statement indicating WHY true or false,...

Indicate whether True, False, or Uncertain. Then provide a brief statement indicating WHY true or false, or if the statement is ambiguous, what would need to be altered to the statement to make it clearly true or false. a) Publicly provided insurance may crowd out the purchases of those who would pay for private insurance. b) The existence of moral hazard provides an argument for both market failure and government failure in insurance markets. c) If there were no free-riding,...

Decide which of the following statements are true and which are false. True False Real gas molecules...

Decide which of the following statements are true and which are false. True False Real gas molecules behave most ideally at low temperature and high pressure. True False At constant temperature, the lighter the gas molecules, the smaller the average kinetic energy. True False At constant temperature, the lighter the gas molecules, the smaller the average velocity. True False In order for two separate 1.0 L samples of O2(g) and H2(g) to have the same average velocity, the O2(g) sample must be at a...

Answer True or False for each of the following. If your answer is FALSE, provide an...

Answer True or False for each of the following. If your answer is FALSE, provide an example that proves your point. If your answer is true, explain. Given a typical set of numerical data with an ODD number of values. 1. The mean is always one of the data values. 2. The median is always one of the data values 3. The mode is always one of the data values. 4. The range measures the variability of the given data...

1. Determine each of the following is true or false? If false, provide a counterexample. (a)...

1. Determine each of the following is true or false? If false, provide a counterexample. (a) Let X be a continuous random variable which has the pdf fX. Then, for each x, 0 ≤ fX(x) ≤ 1. (b) Any two independent random variables have ρXY = 0. (c) Let X and Y be random variables such that E[XY ] = E[X]E[Y ]. Then, X and Y are independent. 2. Ann plays a game with Bob. Ann draws a number X1...

Indicate the best answer and then explain (if true why it is true; if false provide...

Indicate the best answer and then explain (if true why it is true; if false provide a counter-example). [True, False or Uncertain] Part of the recent “Great Recession” was terribly high inflation rates approaching 10%.

1. Wagering losses are only allowed to be deducted to the extent of wagering winnings. True/False...

1. Wagering losses are only allowed to be deducted to the extent of wagering winnings. True/False 2. After 2017 miscellaneous itemized deductions are still generally deductible to the extent they exceed 2% of adjusted gross income. True/False 3. Cash contributions to public charities are deductible up to 60% of adjusted gross income. True/False

Question