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- 5.What is tax planning 6.What types of services do public accountants provide 7.What are the three major areas of accountingHow is tax accounting different from financial accounting?17. Which of the following is an example of information intermediary? Select one: a. Internal managers b. Tax authority c. Auditors. d. Commercial banks
- Under what responsibility would investigating tax fraud be? tax accounting, Financial Accounting, or managerial accountingWhat is a current issue in accounting, auditing, or tax that interesting to discuss in lengthy detailsWhat is the primary objective of assurance services? To provide expert advice and recommendations for improving business processes. To assist in the preparation and filing of tax returns. O To evaluate and provide an opinion on the reliability of information. O To ensure compliance with legal and regulatory requirements.
- Assume that Rosanne Madden, CPA, is using 5% of net incomebefore taxes, current assets, or current liabilities as her major guidelines for evaluatingmateriality. What qualitative factors should she also consider in deciding whethermisstatements may be material?Which of the following users of accounting verifies accounting information to check the Tax compliance by the companies? a. Tax authority b. Regulatory agencies c. Management d. CreditorsWhat type of organization primarily offers tax compliance auditing and consulting service A. Corporation B. Public accounting firms C. Government entities D. Universities
- Under what responsibility would enforcing tax laws go under ?tax accounting, Financial Accounting or managerial accounting.1. If there is a conflict between a BIR Ruling and a Revenue Memorandum Ruling, which will prevail? 2.Which tax system impacts more on the rich people, and why does it impacts them more?How does payments for tax and licenses affect accounting equation?