The Mexican one-year interest rate is 9 percent, while the U.S. one-year interest rate is 3 percent. Assume that interest rate parity exists. If a U.S. uses the forward rate to forecast the exchange rate of the peso in one year, the expected effective yield from investing in a one-year deposit in Mexico is:
a. 12 percent.
b. 9 percent

An auditor's evaluation of the reasonableness of a company's loan loss reserve would normally be made during which phase of the audit?

A) Gaining an understanding of the auditee's industry. B) Client acceptance. C) Consideration of internal control systems. D) Auditing business processes and related accounts.

Damage control is reacting to negative events caused by a company error, consumer grievances, or when unjustified or exaggerated negative press appears

Indicate whether the statement is true or false