Which of the following are accurate in describing TeamSTEPPS used in communication amongst healthcare professionals? Choose three (3) responses.
A man with 400 m of fencing wants to enclose a rectangular p…
A man with 400 m of fencing wants to enclose a rectangular plot and then divide it into two plots with a fence parallel to the width. Select the one and only correct statement from the options below. Let the width of the rectangular plot be labeled and the length of the rectangular plot be labeled .
An object is launched upward at 40 feet per second from a pl…
An object is launched upward at 40 feet per second from a platform that is 50 feet high. The model for the object’s height is
To provide for the greatest degree of independence in perfor…
To provide for the greatest degree of independence in performing internal audit activities, the internal audit function most likely should report to the
Short Essay. Consider the Audit Risk Model, AR = IR x CR x D…
Short Essay. Consider the Audit Risk Model, AR = IR x CR x DR. Define each component of the model. Which component(s) make up the risk of material misstatement? Which risks are the client risks, and which are auditor risks? If the risk of material misstatement was assessed as high, how would that impact the components of the model? In other words, describe how the components relate to each other.
Short Essay. Harborview Youth Outreach is a nonprofit organi…
Short Essay. Harborview Youth Outreach is a nonprofit organization funded largely by government grants that require expenses to stay within approved budget categories. Falling outside those limits can delay reimbursements and create cash-flow problems. James Carter is the accounting supervisor. He maintains the vendor master file, initiates electronic payments, and prepares grant expense reports. Due to staffing shortages, he also performs bank reconciliations. The executive director reviews only summary financial reports and focuses mainly on whether grant spending stays within budget. During the year, Harborview faced increased pressure to manage administrative costs to avoid grant reimbursement delays. At the same time, James experienced personal financial strain related to unexpected family expenses. To “help with cash flow,” James began processing payments to several small consulting vendors for “grant compliance support.” The expenses were coded to allowable grant categories and helped keep reported grant spending within budget. The invoice amounts were small and consistent with prior consulting costs. In reality, the vendors were fictitious, and the payments were deposited into bank accounts controlled by James. He believed the situation was temporary and planned to repay the organization once his personal finances improved. He also felt justified because the organization continued to receive grant funding and he believed no one was being harmed. The issue was discovered when a board member requested a detailed listing of consulting vendors used during the year. What type of fraud, misappropriation of assets or fraudulent financial reporting, is present here? Explain what led you to your determination. Describe all the possible motivations for James Carter to commit the fraud. List all the opportunities to commit the fraud you think are present. List all the rationalizations James Carter is making to commit the fraud.
An auditor learns that a client’s employee in control of inv…
An auditor learns that a client’s employee in control of inventory gets divorced and is responsible for paying a large amount of child support. All of the following for the audit of inventory likely are true except:
Which of the following presumptions does not relate to the a…
Which of the following presumptions does not relate to the appropriateness of audit evidence?
An independent auditor finds that Holdaway Corporation occup…
An independent auditor finds that Holdaway Corporation occupies office space, at no charge, in an office building owned by a shareholder. This finding likely indicates the existence of
Which of the following best describes the concept of audit r…
Which of the following best describes the concept of audit risk?