Рубрика: Bookkeeping
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What is the double declining balance method of depreciation?
The composite method is applied to a collection of assets that are not similar and have different service lives. For example, computers and printers are not similar, but both are part of the office equipment. Depreciation on all assets is determined by using the straight-line-depreciation method. Cost generally is the amount paid for the asset,…
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AI in Model Risk Management: A Guide for Financial Services
Candidates should then review their list and pick the five risks and responses that they feel they can expand on the most when writing up their answer. Describe the audit risks and explain the auditor’s response to each risk in planning the audit of XYZ Co. The auditor first assesses the inherent risk, which is…