Indicate whether you agree or disagree with the following statements and explain your reasoning.   a) Paula Faconi has just completed a risk assessment and has identified key risk factors at Darwin Industries. When asked by one of her staff members “What’s next?”, she replies: “Now that we have identified the risks, its time to perform some planning in order to obtain sufficient appropriate audit evidence.” b) Roni Khali was assigned to the Inglis Glass Company audit. She was ensuring that when recognizing revenues, all transactions and events that should have been recorded have been recorded. She was testing the occurrence assertion.  c) Harvey Jarvis, the group partner was reviewing the work of Jacob Barnes on the Bazzle Gold account. Jacob asked Harvey for an explanation on how audit risk would affect his work. Harvey answered: “Audit risk affects the quantity and quality of evidence gathering.”  Marking scheme (3 parts @ 3 points each)

Indicate whether you agree or disagree with the following statements and explain your reasoning.  a) Svetlana Petrova was reviewing the risk profile of Gaz Prom Industries in order to determine detection risk. She concluded: “Both my inherent and control risks are low. I guess I should be willing to accept high detection risk.”  b) Boris Ivanov had performed an assessment of the accounts payable system at Magnitogirsk Iron and Steel Works Operations in the Urals. His focus was on the completeness assertion for accounts payable balances. Inherent risk and control risk were both high. He decided that because the overall risk assessment was high he would have to set his detection risk high.  c) Jana Novotna, the auditor in charge of the Mosenergo petroleum giant, was explaining to Valentin Titov the importance of the timing of substantive procedures: “Although we associate examinations of internal controls with interim work and substantive procedures with year-end work, we can perform substantive procedures before year end if there exists an effective control environment.”

On November 23, 2023, Victoria Ltd. purchased 20% of the 15,000 issued shares of Vancouver Ltd. for $32.50 per share. On December 20, 2023, these shares paid a taxable dividend of $2.25 per share, and on August 15, 2024, Victoria sells the shares for $29 per share. What is the amount of the capital loss on the Vancouver Ltd. shares for Victoria Ltd. for its taxation year ended August 31, 2024?

Name organ A, organ B, and organ C in the image below. Use the following format in the textbox below. A:  B: C:  

Which of the following actions during ventilation is passive, involving recoil of elastic chest components?

Metabolism and elimination of drugs in the fetus may be detected in

Timing of menopause may be influenced by which of the following?

A designation of large for gestational age describes an infant born

Which STRAW stage is associated with the greatest variability in menstrual cycle length and interval?

Therapeutic options for management of menopause include