explain what is meant by overtrading and identify how to determine the symptoms of overtrading

Q: What are the benefits and Flaws of Payback Screening?

A: The payback period alludes to what extent it takes for a speculator to hit breakeven to recoup the…

Q: Explain what is involved in "social pre- conditions for take-off."

A: The second stage of Rostow's Theory of Social Change is the social prerequisites for take-off.

Q: Differentiate between an “unqualified report” with an “adverse report”

A: An audit report is a formal document prepared by an independent auditor or auditing firm after…

Q: True or False: A latent fingerprint is first treated withPhysical Developer followed by ninhydrin.…

A: The question is Ture or False.

Q: Why is it important to complement intuition with systematic study?

A: Organizational behaviour is the study of understanding how people behave within groups. The…

Q: Discuss the differences between the attest function and assurance services.

A: Auditing is a gathering of information and evaluation of evidence as to report on the degree of…

Q: Discuss stress management and the methods to overcome stress.

A: Stress management is the process of changing the life style in which there is stress and preventing…

Q: Why is there a need to re-evaluate impairments due to trigger events?

A: When-ever there are any types of assets which are non-tangible assets as well as tangible assets…

Q: What must occur if a Significant Deficiency is identified?

A: Definition:   Internal control: Internal control is a process which ensures continuous reliability…

Q: what are the conditions for classical immunization to be not effective?

A: Classical Immunization:- Classical immunization can be characterized as the formation of a fixed-pay…

Q: Discuss the differences between a control deficiency, a significant deficiency, a material weakness,…

A: Control deficiency: A control deficiency is a flaw in the functioning or design of a control system…

Q: Describe the analytical model for ethical decisions.

A: It is a process of assessing and picking among choices in a way steady with moral standards. In…

Q: Explain errors of principle and give two examples with measures to rectifythem.

A: An error of principle is an accounting mistake in which an entry is recorded in the incorrect…

Q: Use examples to discuss the differences between adverse selection issues and moral hazard problems.

A: The objective of this question is to understand the differences between adverse selection and moral…

Q: explain the relationship between hedging and measuring exposure.

A: Hedging is basically a type of risk management strategy through risk can be reduced significantly…

Q: Which of the following is the maximum misstatement that can exist in an account before it is…

A: MisstatementThe difference between the required amounts in the presentation or disclosure and the…

Q: Recognize the difference between a medical issue and its symptom. Give an illustration of what I…

A: Identifying the Issue: Finding errors and omissions in accounting records is a process known as…

Q: Explain the difference between the two types of subsequent events.

A: Subsequent events refers to events which occur after the end of reporting period but before…

Q: For hedging purpose, a client is of the opinion that the delta normal method is the most appropriate…

A: Delta normal Method:- This method is used for the portfolio's that are linearly dependent on the…

Q: Define the concept of going concern?

A: Going concern Concept: The basic principle of this concept is that business is assumed to exist for…

Q: Identify the process of Recovery Audit Contractors and discuss its impact on healthcare…

A: Recovery Audit Contractors The main obligation of Recovery Audit Contractors to identified the fault…

Q: How does the use of scenarios differ from sensitivity analysis?

A: Sensitivity analysis and scenario analysis are the assessment techniques that are used in investment…

Q: Define control risk and detection risk. What is the difference between control risk and detection…

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: How do I know if I need to convert an APR to an EPR or not?

A: The APR stands for the annual percentage rate. It is the rate of return earned on any investment. It…

Q: How to make a proper T chart?

A: The left side of any account is debit and the right side of any account is credit side.

Q: Discuss various classes of error and state in each case the effect they might have on the trial…

A: There are four types of errors in preparation of trial balance, i.e., (i) Errors of Omission, (ii)…

Q: t is “inquiry” and “observation” procedures? Give the strengths and weaknesses of these tests?

A: This method is often used in conjunction with other, more reliable method. For example, an auditor…

Q: Give an example of a preventive control.

A:

Q: What is the difference between a normal procedure and an extended procedure?

A:

Q: Differentiate between the techniques of vouching and verification.

A: The main objective of verification shows how assets and liabilities are valued properly. To…

Q: How do you know to select the correct incoterm?

A: Meaning of incoterm:Incoterm or Inter Commercial Terms are nothing but set of pre-defined rules and…

Q: What is lapping?  How can it be detected by an auditor and how can it be prevented?

A: Lapping is an accounting fraud where cash stolen or cash misappropriation is concealed by altering…

Q: What exactly is impairment? Could you provide an example?

A: THE ANSWER:

Q: What is immunized?

A: Immunization is concept which states that the change in interest rates will not affect the value of…