Explain the role of a SAS 70 report in reviewing internal controls
SAS 70 report is the means by which an outsourcing vendor can obtain a single audit report that may be used by its clients' auditors and thus preclude the need for each client firm auditor to conduct its own audit of the vendor organization's internal controls.
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When the difference in the location of two populations is to be compared based on observations from two independent samples, and the variable is measured on an ordinal scale, the ________ can be used
A) Kolmogorov-Smirnov one-sample test B) runs test C) binomial test D) Mann-Whitney U test
Small business owners have a number of retirement plans available to them. One type of plan is limited to employers with 100 or fewer eligible employees
Under this type of plan, small employers are exempt from most of the nondiscrimination and administrative rules that apply to qualified plans. Such plans are called A) Keogh plans. B) SIMPLE retirement plans. C) cash balance plans. D) profit sharing plans.