subject
Business, 01.07.2019 23:30 030702princessjs

Tana thorne works in a public accounting firm and hopes to eventually be a partner. the management of allnet company invites thorne to prepare a bid to audit allnet’s financial statements. in discussing the audit fee, allnet’s management suggests a fee range in which the amount depends on the reported profit of allnet. the higher its profit, the higher will be the audit fee paid to thorne’s firm. • identify the parties potentially affected by this audit and the fee plan proposed. (15 points)
• summarize the ethical factors in this situation. (15 point)
• would you recommend thorne accept this audit fee arrangement? describe some ethical considerations guiding your recommendation. (20 points)

ansver
Answers: 2

Another question on Business

question
Business, 23.06.2019 01:20
Which of the following is true about presentation methods for providing training? audiovisual techniques are most effective when they are used alone. mobile technologies include training methods such as on-the-job training, simulations, business games and case studies, behavior modeling, interactive video, and web-based training that require the trainee to be actively involved in learning. the typical users for teleconferencing include employees who are part of a workforce that spends most of its time traveling, visiting customers or various company locations and has limited time available to spend in traditional training activities. webcasting involves classroom instructions that are provided online through live broadcasts. classroom instruction is no longer a popular training method because of new technologies such as interactive video and computer-assisted instruction.
Answers: 1
question
Business, 23.06.2019 01:30
Jodie lives in a developing nation where the local markets are underdeveloped in terms of domestic exposure. her country wants to boost these domestic industries in the face of heavy competition from foreign players in the market. which trade practice should jodie’s country adopt to shield its domestic industries from foreign players? jodie’s country should adopt to shield its domestic industries from foreign players. typing answer
Answers: 1
question
Business, 23.06.2019 01:50
The partnership of douglas, ryan, and ellen has dissolved and is in the process of liquidation. on july 1, 2016, just before the second cash distribution, the assets and equities of the partnership along with profit and loss sharing ratios were as follows: cash $30,000receivable - net $20,000inventories $25,000equipment - net $30,000total assets $80,000liabilities $12,000douglas, capital (20%) $28,000ryan, capital (50%) $24,000ellen, capital (30%) $16,000total liab./equity $80,000assume that the available cash is distributed immediately, except for a $2,000 contingency fund that is withheld pending complete liquidation of the partnership. how much cash should be paid to each of the partners? a. $3,200 douglas, $8,000 ryan, $4,800 ellenb. $5,600 douglas, $14,000 ryan, $8,400 ellenc. $16,000 douglas, $0 ryan, $0 ellend. $8,000 douglas, $0 ryan, $8,000 ellen
Answers: 1
question
Business, 23.06.2019 02:00
What percentage of hard rock's profit is derived from retail shop sales?
Answers: 1
You know the right answer?
Tana thorne works in a public accounting firm and hopes to eventually be a partner. the management o...
Questions
question
Mathematics, 05.12.2019 22:31
Questions on the website: 13722359