brendaesme

28.01.2020 • 

Business

An organization was in the process of establishing its new internal audit department. the controller had no previous experience with internal auditors. due to this lack of experience, the controller advised the applicants that they would be reporting to the external auditors. however, the new director of internal audit would have free access to the controller to report anything important. the controller would convey the director’s concerns to the board of directors.
which of the following is true?
a: the internal audit department will be independent because the director has direct access to the board of directors.
b: the internal audit department will not be independent because the director reports to the external auditors.
c: the internal audit department will not be independent because the controller has no experience with internal auditors.
d: the internal audit department will not be independent because the company did not specify that the
applicants must be certified internal auditors.

Ответ:

chaitanyac90

12.01.2021

Business

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Aston has given the information required to meet division profit objective. Increasing the profit objective is common goal of every manager. Here manager wanted to meet profit objective by minimising fixed cost which is not wrong motive. Whether the excess production can be sold in the market. If there is a chance to sell, more production can be made.

Absorption costing means that all of manufacturing costs are absorbed by units produced. It calculates every cost on no. of units produced but it does not mean to increase production only in order to match income objective or to reach this goal instead of fact that inventory remains at end, and sale of that increased production does not take place and income objective met because of the lower cost per unit.

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