Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask HR Management Expert

1) Describe an ex of an attestation engagement.

2) Describe a fraud scheme that could be used for information assets and describe the controls that can mitigate this fraud risk.

3) describe the links between business continuity, system availability, and disaster recovery.

The completeness assertion is crucial for accounts payable. A common financial statement misstatement involves companies moving current liabilities from accounts payable to long term liabilities or to some other account in order to improve their financial statement liquidity ratios. When a company begins to drown in their accounts payable balance, it diminishes the financial strength of their balance sheet. In addition, many companies have debt covenants in place attached to their long term and short term debt, and the covenants usually state that current liabilities must be kept below a certain amount. If the A/P has climbed above an acceptable amount, it gives management the motivation to move A/P to another area, or to postpone posting A/P transactions that should be included in the current financial statement, until the next period. When an auditor tests for the completeness assertion for accounts payable, the auditor is testing to verify that all A/P transactions which should be included are included in the financial statements, and that they are being carried at the proper amounts.

4) Accounts payable is usually the largest current liability in a balance sheet and a significant factor in evaluating an entity's short-term solvency. The audit of payables places greater emphasis on the completeness assertion. The reason for this is that if management were motivated to misrepresent payables, it would likely be to understate them in order to report a more favorable financial position. Correct?

If management is held too rigidly to delivering targeted earnings, it may cause the incentive to misstate the financial statement through the management of purchases cutoff or other steps that result in unrecorded liabilities.

HR Management, Management Studies

  • Category:- HR Management
  • Reference No.:- M927499

Have any Question? 


Related Questions in HR Management

Based on what you know by experience reading andor word-of-

Based on what you know by experience, reading and/or word-of- mouth, state your opinion on how one of the following organizations tries to increase efficiency, quality, and/or responsiveness to customers. How do you thin ...

From the goldsmith amp carter textbook select either the

From the Goldsmith & Carter textbook, select either the Porter Novelli (Chapter 12) or Southern Company (Chapter 13) case study for this assignment. Write a five to seven (5-7) page paper in which you: Evaluate the effec ...

Question 1most unions have opposed free trade agreements

Question 1 Most unions have opposed free trade agreements, such as NAFTA. On the other hand, most employer lobbying groups have supported such agreements. Is each side's viewpoint justified? Please explain using one refe ...

Select a health care organization for your individual work

Select a health care organization for your individual work assignments. This organization will be used throughout this course in your individual assignments.  Select legislation or regulation that directly affects an org ...

In your own words explain the importance of hrm to any

In your own words, explain the importance of HRM to any organization then determine a HRM function that interest you as a future career. Explain your rationale. Explore the Society of Human Resource Management website ht ...

Simply for discussion sake can you provide some examples of

Simply for discussion sake, can you provide some examples of how e-commerce has helped business thrive. Be specific with your response and try including specific examples, a relevant article, or personal experience. Also ...

Scenario to be referenced throughout the thread of this

Scenario to be referenced throughout the thread of this course, Strategic Human Capital and Management Problem-Based Learning (PBL) Scenario: Atlantis Global Corporation In the 21st-century global economy, talent managem ...

Decision making and unions please respond to the

"Decision Making and Unions" Please respond to the following: Propose a strategy human resource managers should adopt in order to ensure employees know they can voice their ethical concerns up the chain of command withou ...

Twenty years from now the typical large business will have

Twenty years from now, the typical large business will have half the levels of management and one-third the managers of its counterpart today. Work will be done by specialists brought together in task forces (teams) that ...

The human resources department has been tasked by the ceo

The Human Resources department has been tasked by the CEO to develop a training workshop on collective bargaining for upper management. Your department must analyze the obligations arising out of collective bargaining. D ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen