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Which of the following job responsibility may not be a in the career of an employee under
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- A. An internal auditor needs to be competent, capable and objective if their services are deemed adequate for the audit purpose. If an internal auditor does not fulfil the requirement for each of the above attributes, the risk of error or inaccuracy in work carried out is increased. Required: ii. Recommend THREE (3) audit procedures which can be performed to prevent external auditor's reliance on internal auditor's inadequate findings and conclusions.Limited benefit plans are designed to: O A. O B. O C. O D. provide additional insurance coverage for named diseases insure business owners only for all diseases protect employees for the loss of life insurance pay for unemployment ExpensesWhich of the following statements about employer-provided retirement plans is true? O All the statements are true. O Contributions to an employer-sponsored qualified retirement plan are deductible by the employer in the year of contribution but not included in employee income. O Defined contribution plans provide participants with a targeted retirement benefit, typically in the form of a pension. O Employees who save for retirement through an employer-sponsored qualified plan never include the earnings in their income.
- Which of the following does the CARES Act provide? OA. It increases the interest expense limitation from 30% to 50% for tax years beginning in 2019 and 2020. OB. It eliminates bonus depreciation for leasehold improvement property. O C. It disallows the deduction of excess business losses by noncorporate taxpayers. OD. It eliminates the employer portion of payroll taxes for 2 years.Create an expense report.Which characteristic below is not a part of managed care: Group of answer choices a. In most cases, employers and the managed care organizations agree on a fixed premium per enrollee that covers all health care services. b. The managed care organization assumes approximately half of the risk and the employer is responsible for the other half. c. Managed care organizations provide health care to the enrollees by entering into contracts with health care providers and provider organizations. d. Managed care organizations generally pay providers by hiring them full-time and paying them a salary; by paying a PMPM payment, or by applying a modified version of fee-for-service which we call discounting.
- State True or False:- The best opportunity for discussing career-related issues with an employee is during the annual or semi-annual appraisal.4. If a shareholder wanted to know how money flowed into and out of the company, which financial statement would the shareholder use? A. income statement B. statement of cash flows C. statement of retained earnings D. balance sheet 5. The debit side of an account A. is the left side of the account B. can be either side of the account depending on how the accountant set up the system C. is the right side of the account D. depends on whether the account is an asset, liability, or stockholders' equity 6. The process of initially recording a business transaction is called A. journalizing B. correcting C. balancing D. postingRecommend a suitable departmentalisation for Cathy’s accounting firm and provide reasons for recommendation.
- 45-Who among the following are secondarily responsible for prevention and detection of frauds? O a. All the options b. Nomination committee is secondarily responsible for prevention and detection of fraud O C. Auditor is secondarily responsible for prevention and detection of fraud O d. Management is secondarily responsible for prevention and detection of fraudThe Employee Retirement Income Security Act requires firms to provide a retirement plan for their employees.; True or FalseThey handle the invention, development, and production of the product or service. a. Manufacturer O b. Consignment O c. Distributors O d. Agents The following are avenues wherein candidates are sourced out as manpower of a business except: O a. employment agencies Ob. the applicant himself O C. manpower agencies O d. walk ins Job Description is the summary of what will the employee will do. Select one: O True O False