a covered member's spouse is employed by an audited entity. based on this, the covered member's independence is

Answers

Answer 1
Answer:

If a covered member's spouse is employed by an audited entity, then the covered member's independence may be compromised.

The covered member should disclose this relationship and evaluate the extent of their involvement with the audited entity to determine if it impairs their objectivity and independence. In this case, the covered member may have a potential conflict of interest or bias due to their spouse's employment with the audited entity. It is possible that the covered member may need to recuse themselves from certain aspects of the audit to maintain independence. Overall, the covered member should follow the guidelines set forth by their professional standards and code of ethics.  As a result, this can impair the covered member's independence, potentially affecting the objectivity and integrity of the audit.

#SPJ11


Related Questions

The common stock of Auto Deliveries sells for $28.16 a share. The stock is expected to pay $1.35 per share next year when the annual dividend is distributed. The firm has established a pattern of increasing its dividends by 3 percent annually and expects to continue doing so. What is the market rate of return on this stock
Though the ________ method of setting an advertising budget is simple to use and helps management think about the relationships among promotion spending, selling price, and profit per unit, it wrongly views sales as the cause of promotion rather than the result.1. percentage-of-sales2. competitive-parity3. bottom-up4. objective-task5. push-pull
Distinguish between the features and benefits of getting a student loan and getting a grant or a scholarship.Categories:- Student Loan- Grant or ScholarshipTiles:- Borrowed money that needs to be repaid- Given based on financial need- Given based on academic achievement and financial need- Part of credit history
interview any local business owner and request him/her to identity any business problem that they are experiencing
What is the advantage of having only one inbox?

Should Maria rent or buy? Maria, age 21, plans to work full time while completing her college degree in a nearby city. I would think she should rent but I don't know...

Answers

It depends, if she wants a PHD or a long term class there, a good idea is to temporary buy a house.  But, if she is only finishing a short class for a few months or a few years, a better idea would be to rent.
I would say rent too because its not certain she will stay there or have the same job after completing college since you have better qualifications when you get a college degree

Which of the following is NOT a reason a seller would rate a transaction as valuable?Select one:
a. The transaction makes a seller prestigious among the competition
b. The transaction allows a seller to take pride in its product
c. The transaction allows a customer to pay the cheapest price for the product
d. The transaction motivates or educates the public

Answers

its would be  d        because it motavites or edcates in publix they dont do that              

meyers, inc. is an american company that manufactures and distributes coffee products in the u.s. because of the popularity of its products, meyers inc. wants to enter new global markets. as a result, the firm decided to develop an international distribution network as soon as possible. the most efficient distribution arrangement in terms of cost and time for meyers, inc. would be to use __________.

Answers

The correct answer for the question that is being presented above is this one: "A strategic channel alliance." The most efficient distribution arrangement in terms of cost and time for meyers, inc. would be to use a strategic channel alliance.

Here are the following choices:
A. A strategic channel alliance
B. A dual distribution agreement
C. Direct marketing
D. Multichannel distribution
E. Cooperative distribution

The phrase baby boomers refers to americans who?

Answers

 Individuals who were born during the years "immediately" following World War II.

Baby boomers are people born from 1946-1965. It refers to the people born after WW2

The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share?a. $40
b. $50
c. $500
d. $400
With _______ insurance, the insured agrees to pay a specific premium each year until death.
a. whole-life
b. endowment life
c. limited-payment
d. half life

Answers

The right answer for the question that is being asked and shown above is that: "c. $500." The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. The par value of each share is c. $500.

The right answer for the question that is being asked and shown above is that: "c. limited-payment." With limited-payment insurance, the insured agrees to pay a specific premium each year until death.

The '% of total sales from products introduced in the last 12 months' is a metric used to monitor.....a. Demand flexibilityb. Customer Servicec. Product developmentd. Internal efficiencyPlease let me know the correct option only, I do not need an explanation.

Answers

The ‘% of total sales from products introduced in the last 12 months’ is a metric used to monitor product development. The correct option is c.

This metric helps to track the success of newly launched products in terms of the proportion of sales it contributes to the total sales in a given time period. This can be a helpful tool for assessing the efficacy of product development, providing insights into how well the company is adapting to changes in consumer demand. Additionally, this metric can be used to determine the level of innovation within the company, and how well it is responding to customer needs.

A company may utilize this metric to evaluate the strength of its product development strategies by measuring the revenue that arises from products introduced in the past 12 months. This metric will provide insight into whether or not the product development department is delivering the desired outcomes by producing new and profitable products.

Furthermore, this metric helps businesses in their product portfolio planning, identifying areas of opportunity, and developing marketing strategies to target specific customer groups. By understanding the percentage of total sales generated by new products, companies may determine the amount of revenue they may generate from new product lines and, as a result, the expected return on investment.

Thus, the percentage of total sales from products introduced in the last 12 months is a critical metric utilized by businesses to monitor their product development and assess the effectiveness of their new product development strategies.

For more such questions on Product development.

brainly.com/question/16529144#

#SPJ11