The Gilbert Company chief financial officer has been tracking annual sales for each of the company's three divisions for the past 10 years
At a recent meeting, he pointed to the annual data and indicated that it clearly showed the seasonality associated with its business. Given the data, this statement may have been very appropriate. Indicate whether the statement is true or false
FALSE
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Discussions with the owner-manager of an entity under audit reveal to the auditor that the company is more concerned with minimizing its income tax payments than maximizing income. Based on this information, which management assertion will the auditor be most concerned about verifying with regard to sales revenue?
A) Existence and occurrence. B) Completeness. C) Rights and obligations. D) Valuation.
Measurable factors critical to the firm's success and long- and short-term goals are ________
A) key performance indicators B) digital dashboards C) staffing moderators D) HR scorecards