Explain in detail the meaning of Assessment of materiality in auditing. Identify and briefly describe the two primary sources of shareholder's equity. a. Why are deposits a more important source of funds for small banks than for large banks? b. Why are deposits considered to be a more stable...
Explain the demand for auditing from an agency theory perspective. Going concern assumption is one of the key assumptions to financial reports. What is going concern assumption? Explain the significance of financial planning. Explain the management bonus hypothesis and the debt hypothesis of Positive ...
@inproceedings{tan2018distill, title={Distill-and-compare: auditing black-box models using transparent model distillation}, author={Tan, Sarah and Caruana, Rich and Hooker, Giles and Lou, Yin}, booktitle={Proceedings of the 2018 AAAI/ACM Conference on AI, Ethics, and Society}, pages={303--...
@inproceedings{tan2018distill, title={Distill-and-compare: auditing black-box models using transparent model distillation}, author={Tan, Sarah and Caruana, Rich and Hooker, Giles and Lou, Yin}, booktitle={Proceedings of the 2018 AAAI/ACM Conference on AI, Ethics, and Society}, pages={303--...
Explain why auditors must put more emphasis on the completeness and obligation assertion when auditing payables and contrast this with the audit of asset accounts. Why don't auditors prepare financial statements, as well as audit them? A. It would take away a job from the controller of the c...
Also, explain why the financial statements must be audited by an external party. What are the internal control roles of management and the auditor? Explain your answer. List and describe three goals of an organization's internal audit function....
Explain auditing procedures, especially their purpose. What are an auditor's responsibilities under auditing standards to detect management fraud? Explain the importance of an audit committee to the reliability of the financial statements and the audit function. Describ...
Constructive receipt implies that income received during a calendar year should be included in a given tax year even if the recipient has not taken... Learn more about this topic: The Federal Tax System: Filing Taxes & Auditing from
Explain why external auditors are no longer permitted to do significant consulting for a firm that they are auditing.Audit:The audit is performed with a view of providing a report to the shareholders and other users, in which the auditor expresses the...
auditing machine learning models: the effect of the reference data on the explanation calculation. We discuss that many model explanations depend directly or indirectly on the choice of the referenced data distribution. We showcase examples where small changes in the distribution lead to drastic ...