In manufacturing companies, there are several methods that can be used by companies to carry out their production. When a company contracts with another to produce products to its specifications, this mode of entry is called contracted manufacturing.
What is Contract Manufacturing?Contracted manufacturing is one method that can be used by a manufacturing company to create a product. This method is usually used by companies to reduce production costs and increase the efficiency of production activities. In this method, the company will provide detailed specifications of a product so that the company that is invited to work together can produce the quality desired by the parent company. We find this contracted manufacturing in many manufacturing companies, such as guitars, shoes, and clothes.
This question is incomplete, The complete question is as follows:
In manufacturing companies, there are several methods that can be used by companies to carry out their production. When a company contracts with another to produce products to its specifications, this mode of entry is called:
A. Licensing
B. Turnkey
C. Contracted manufacturing
D. Outsourcing
Hence, the correct option is (C).
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#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Jason, the newly appointed vice president of sales for Allied Lighting, had a tough decision to make. Mary, his regional sales director, had been consulting with him for the past two weeks on a large order that was to be installed in a new regional FEDEX shipping facility just outside Dallas, Texas. The order consisted of 900 LED lighting fixtures, each with a retail list price of $1,240. Mary was very excited about this order, as she knew that FEDEX had plans to construct at least twelve more such facilities in various cities across the U.S., and she believed that Allied’s lighting fixtures would be installed in all of those new facilities.
Jason was aware that the original order for the FEDEX facility in Dallas, Texas had been secured by Allied’s independent manufacturer’s representative in Memphis, Tennessee, where FEDEX’s corporate offices were located. However, Mary informed Jason that the facilities construction department at FEDEX’s corporate offices had just contacted the inside sales representatives at Allied and requested that Allied skip the "middle man" so that they could "buy direct" from Allied and receive better pricing on the lighting fixtures for the Dallas facility, as well as the other twelve facilities that they were planning to construct. To the surprise of Jason, Allied’s inside sales team approved the request from FEDEX and sent "direct wholesale pricing" (wholesale plus 5%) for the fixtures to FEDEX, eliminating Allied’s manufacturer’s representative in Memphis from the Dallas deal and potentially from the other twelve deals with FEDEX.
As Jason wondered how this had taken place without his approval, he worried that Allied may be in breach of its contractual obligations to Allied’s manufacturer’s representative in Memphis as a result of the action taken by his inside sales team. While none of Allied’s manufacturer’s representatives had "exclusive" contracts with Allied, Allied had informal agreements with its manufacturer’s reps that any orders they obtained for Allied products would be invoiced to the manufacturer’s rep at wholesale prices (retail price less 30%), and the manufacturer’s rep would then bill the customer the retail price for the products. However, Jason knew that selling directly to FEDEX would result in greater profits for Allied, and a deal like this would certainly help in reaching the annual sales and profits goals that he was responsible for. He also knew that not honoring the request of FEDEX to allow them to buy direct would likely result in Allied losing the FEDEX business.
1. Identify the choice options that Jason has in this situation? What are the potential ramifications of those choice options?
2. Based on the choice options you’ve identified, what would you recommend Jason do? Explain the reasons for your recommendation.
Jason, the newly appointed vice president of sales for Allied Lighting, is faced with a difficult decision regarding a large order for 900 LED lighting fixtures from FEDEX. The construction department at FEDEX has requested that they buy directly from Allied instead of going through the manufacturer's representative in Memphis.
While this would result in greater profits for Allied, it may also breach their contractual obligations to the manufacturer's representative and potentially jeopardize their relationship with them. Jason must weigh the potential ramifications of his decision and choose the best course of action.
Jason has several options in this situation. He could honor FEDEX's request and sell directly to them, potentially breaching Allied's contractual obligations to the manufacturer's representative and jeopardizing their relationship.
He could also refuse FEDEX's request and continue working with the manufacturer's representative, potentially losing the FEDEX business and falling short of his annual sales and profits goals.
Alternatively, Jason could try to negotiate a compromise with FEDEX that would allow them to buy directly from Allied without breaching their contractual obligations to the manufacturer's representative.
Based on the potential ramifications of the different options, it would be recommended that Jason negotiate a compromise with FEDEX that would allow them to buy directly from Allied without breaching their contractual obligations to the manufacturer's representative.
This would involve working with the manufacturer's representative to invoice them for the order at wholesale prices and then allowing them to bill FEDEX the retail price for the products.
While this may result in lower profits for Allied, it would allow them to maintain their relationship with the manufacturer's representative and potentially secure future business with them. It would also demonstrate Allied's commitment to ethical business practices and strengthen their reputation in the industry.
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Who plans, coordinates, and controls a project's progress, or a portion thereof? Group of answer choices Architect Civil engineer Project manager The funding bank
Answer:
Project manager
Explanation:
The project manager is a person who holds a manager position in an organization. His or her duty is to do the planning, coordinates, communicates with the team members, employees regarding the work and also controls the progress of the project. He or she should well aware of how much project is pending and how much it is completed
Hence, the correct option is third.
If the exchange rate for buying Japanese Yen is 12 Yens per Dollar, how many
Yens do you need to buy 200 Dollars for? show working please
Answer:
2,400 Yens
Explanation:
exchange rate for buying Japanese Yen is 12 Yens per Dollar
1 dollar : 12 Yens
how many Yens do you need to buy 200 Dollars for?
Let
x = number of Yens needed
200 dollars : x Yens
Equate the ratios to find x
1 dollar : 12 Yens = 200 dollars : x Yens
1/12 = 200/x
Cross product
1 * x = 12 * 200
x = 2,400
x = number of Yens needed = 2,400 Yens
Answer:
2400 yen
Explanation:
smort
The yield to maturity is:
a) the rate that equates the price of the bond with the discounted cash flows.
b) the expected rate to be earned if held to maturity.
c) the rate that is used to determine the market price of the bond.
d) equal to the current yield for bonds priced at par.
e) All of the above.
The yield to maturity is:
a) the rate that equates the price of the bond with the discounted cash flows.
b) the expected rate to be earned if held to maturity.
c) the rate that is used to determine the market price of the bond.
d) equal to the current yield for bonds priced at par.
The answer is (E) All of the above.
The yield to maturity is the rate that equates the price of a bond with the discounted cash flows, representing the expected rate to be earned if the bond is held until maturity. It is also used to determine the market price of the bond, considering its future cash flows. Additionally, when a bond is priced at par (its face value), the yield to maturity is equal to the current yield, which is the annual interest payment divided by the bond's current market price.
Option E is the correct answer.
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What makes an entrepreneur successful?.
Entrepreneurs find chances in both their personal and professional lives, whether they are working alone or in teams.
TRAITS OF SUCCESSFUL ENTREPRENEURS
An entrepreneur's capacity for curiosity enables them to continually look for fresh chances. Entrepreneurs inquire rather than accepting what they believe to be true. Entrepreneurs need to be curious and have a grasp on disciplined experimentation. An entrepreneur must conduct tests on each new opportunity to decide whether it is worthwhile to pursue. investigate many options while posing difficult questions. Since entrepreneurship is an iterative process, there are always fresh obstacles to overcome and chances to seize. Although it is practically impossible to be ready for every circumstance, effective company leaders must be flexible. An entrepreneur must make tough choices and stick to them if they want to succeed.
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Three years ago american insulation corporation issued 10 percent, $820,000, 10-year bonds for $780,000. debt issue costs were $4,000. american insulation exercised its call privilege and retired the bonds for $810,000. the corporation uses the straight-line method both to determine interest and to amortize debt issue costs.
Answer and Explanation:
The journal entry is shown below:
But before the following calculations are required
The Unamortized cost of the Issue is
= ($4,000 ÷ 10 years) × 7 years
= $2,800
Now
Discount on Bond is
= $820,000 - $780,000
= $40,000
And,
Unamortized Discount is
= ($40,000 ÷ 10 Years) × 7years
= $28,000
Now
Carrying Value of Bond after 3 Years is
= $820,000 - ($28,000 + $2,800)
= $789,200
And,
Loss on Early Retirement of Bond is
= $810,000 $-789,200
= $20,800
Now
Journal Entry is
Bond Payable $820,000 Dr.
Loss on Early Retirement of Bond $20,800
To Discount on Bond Payable $28,000
To Cost of Issue of Bond Payable $2,800
To Cash or Bank $810,000
(being the call on bond is recorded)
What is your major(potential) in college?
Franklin corporation issues $97,000, 8%, 5-year bonds on January 1, for $101,370. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is
Answer:
$3,006
Explanation:
Bond issue = $97,000
Interest rate = 8%
Bond value sold = $101,370
Time period 5 years
N.B The premium will have to be to be discounted from the interest expense because Franklin corporation sold the bond at a value higher than the face value i.e premium value.
Therefore;
Coupon = $97,000 × 8% × 1/2
= $3,880
Amortization of bond premium = ($101,370 - $97,000) /5 years period
= $4,370/5
= $874
Total interest expense
= $3,880 - $874
= $3,006
Drag the tiles to the correct boxes to complete the pairs.
Match the different resources to the scenarios where they are used.
natural resources
human resources
man-made resources
entrepreneurship
A power plant uses an Industrialdesign power generator to generate large-scale
electricity for the neighborhood.
A power plant uses coal to heat water and then converts it into steam, which
then turns the turbines.
>
A power plant is set up by a group of industrialists as they come together to
solve the power crisis in their nelghborhood.
A power plant employs local workers who work in shifts to keep the plant
running for most of the day.
Answer:
1. Man-made
2. natural resources
3. entrepreneurship
4. Human resources
Explanation:
Natural resources are those which are present in the environment and are limited in number.
The man-made resources are those where a power generator is used to initiate the electricity on large scale.The natural resources are those where the water is heated from coal and then converting it to steam for running the turbines.The entrepreneurship is represented when the industrialists come together to solve the power crisis of their own neighborhood.The human resources are those where the workers are working in shifts to keep their plants in running condition.Therefore, the given resources are matched with the scenarios in which they are used.
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What is the difference between a private limited company and a public limited company?
Answer:
A public limited company is a company listed on a recognized stock exchange and the stocks are traded publicly. Although, a private limited company is neither listed on the stock exchange nor they traded.
c: https://legaldocs.co.in
We _________ afford a new car this year.
should
might
may
can
Speciation has occurred in a species population once ________.
a) One species migrates to a different geographical location than another species
b) Environmental conditions select certain individuals from one species to survive and reproduce
c) Individuals in the population cannot produce fertile offspring with other individuals in the population
d) One set of genetic traits are favored over another set of genetic traits in the same species
Answer:
a) One species migrates to a different geographical location than another species.
Explanation:
Taxonomy can be defined as the process of naming, classification and description of living organisms such as plants and animals. The eight (8) biological classification (taxonomy) used for grouping and organizing organisms are; kingdom, domain, phylum, family, order, class, species and genus.
Hence, taxonomy helps scientist to have a good understanding and knowledge when studying various organisms.
In taxonomy, species refers to the basic unit of naming that includes members such as mammals and reptiles with the ability to reproduce with each other to birth new offsprings and exchange genetic informations. Some examples of species include Homosapiens, Vulpes, Elephas maximus, Pinus banksiana, Alces laces, Ursus americans, Canis lupus, etc.
Speciation is considered to have occurred in a species population once one species migrates to a different geographical location than another species.
Do the benefits of tax withholding outweigh the costs?Why or why not?
Answer:
:)
Explanation:
Yes, the benefits of tax withholding outweigh the costs.
Reason: tax withholding helps to make sure that everyone pays their fair share of taxes and that the government has the funds that it needs to provide services and maintain infrastructure.
On the other hand, it also means that the people have less money to spend on things like food and shelter.
So it is a compromise that we as the society have to agree upon. But it is a compromise that is worth it for the overall benefits that it brings.
How does marketing help your product or service
Answer:
Marketing informs your customers about the products or services you're offering them. Through marketing, the customers get to know about the value of the products, their usage and additional info that might be helpful to the customers. It creates brand awareness and makes the business stand out.
Explanation:
determine the reactions at the supports A and B for equilibrium of the beam
We can break the beam by methode of superposition. After methode of superposition, the beam will be RB1 = 700 N, and RB2 = 1800/7 N.
When the observable parameters, such as colour, temperature, pressure, concentration, etc. do not vary, the process is said to be in equilibrium. As "balancing" is the definition of the word "equilibrium," it follows that a chemical reaction represents a balance between the reactants and products involved in the reaction. In some physical processes, such as the melting of ice at 0°C, when both ice and water are present at equilibrium, the equilibrium state may also be observed. Physical equilibrium refers to the equilibrium that results from physical processes like the melting of solids, the dissolving of salt in water, etc., whereas chemical equilibrium refers to the equilibrium that results from chemical reactions.
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Budgets are created using expenses vs.
incoming revenue. What is another word for
revenue?
A. profit
B. sales
C. cost
Answer:
B. Sales
Are sales and revenue the same?The key difference between revenue and sales is that revenue refers to the total income a business entity generates from selling goods or providing services, as well as other income earned in the normal course of business. Sales, on the other hand, refers to the proceeds received by the company from selling goods or providing services. Although revenue and sales are sometimes conflated, there is a difference between the two. Revenue is the collective sum of money a business makes. Sales are the total compensation that a business receives from providing goods or services. Sales are a subset of revenue. In rare circumstances, revenue may be less than sales. Sales are when a customer pays a price for a company's products or services. Large businesses usually have additional revenue streams in addition to sales, including investments, services, interest, royalties, fees, and donations, to name a few. Although they may be easily distinguished in accounting terms, revenue and sales are often used interchangeably.
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Jordynne was the manager of Pets-R-Us, a pet store in Southern Valley Mall. Pets-R-Us had a one-year lease, and rent payments were $2,000.00 per month. Five months into the lease, Jordynne found a better site for the pet store. She notified Southern’s manager, vacated the mall, and moved her store to its new location. After two months, Southern was able to re-lease the premises to another retail store, but at a reduced rent of $1,800.00 per month. If Southern successfully sues Pets-R-Us, Southern will likely receive:_________
Southern is likely to receive $14,000 for damages
A lease such as the one between Jordynne and Southern represents a contract. Due to this, it is expected both parties met the conditions previously agreed. This means:
Jordynne should have stayed in the first site for a year.Southern cannot ask Jordynne to leave the site she rented.In this context, it was Jordynne the one that breached the contract, as a consequence Southern can sue her. In this case, it is expected Jordynne has to pay the rent for the months she was not in Southern Vally Mall.
$2,000 x 7 months (she left in the fifth month) = $14,000
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Concord Company applied FIFO to its inventory and got the following results for its ending inventory. The net realizable value at year-end was cameras $70, Blu-ray players $67, and iPods $77. Determine the amount of ending inventory at lower-of-cost-or-net realizable value. Ending inventory
The amount of ending inventory at lower-of-cost-or-net realizable value for Concord Company is as follows: cameras $70, Blu-ray players $67, and iPods $77.
Lower-of-cost-or-net realizable value (LCNRV) is a principle used in inventory valuation to ensure that inventory is not carried on the books at a value higher than its net realizable value. Net realizable value (NRV) is the estimated selling price of inventory less any estimated costs to complete, dispose, and sell the inventory.
In this case, Concord Company has applied the first-in, first-out (FIFO) method to its inventory. FIFO assumes that the first items purchased are the first ones sold, which means that the ending inventory consists of the most recent purchases.
To determine the ending inventory at LCNRV, we compare the cost of the inventory to its net realizable value for each item. If the net realizable value is lower than the cost, we use the net realizable value as the value for the ending inventory.
Based on the given information, the net realizable values at year-end were cameras $70, Blu-ray players $67, and iPods $77. Therefore, the ending inventory at LCNRV would be cameras $70, Blu-ray players $67, and iPods $77.
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Your company will need a business plan in order to do what? A. Increase revenue. B. Identify an opportunity. C. Pay taxes. D. Get funding. Please select the best answer from the choices provided
Answer:
Get Funding
Explanation:
Hope this helps :)
Answer:
D
Explanation:
Get Funding
Prepare adjusting journal entries for the year ended 31 December, 2020, for each of these separate situations. You can use the following chart of accounts: Accounts Receivable; Supplies; Prepaid Insurance; Equipment; Accumulated Depreciation-Equipment; Wages Payable; Unearned Revenue; Revenue;
Wages Expense; Supplies Expense; Insurance Expense; Depreciation Expense-Equipment. a. A company purchased equipment in January 2020. It is depreciated for $9,000 every year. b. The Prepaid Insurance account had a $4,000 debit $3,200 insurance expired. debit balance in the start of the year. An analysis of the company's insurance policies showed that c. The Office Supplies account had a $4,500 debit balance on January 1, 2020. The December 31, 2020, physical count showed $700 of supplies is available in hand.
d. An advance of $18,000 cash was received for service to be performed. At the end of the year, $7,800 worth service was performed. 3 marks e. Salaries expenses of $20,000 have been incurred but are not paid as of December 31, 2020.
These adjusting journal entries ensure that the financial statements accurately reflect the expenses, revenues, and asset values at the end of the year.
a. Adjusting journal entry for equipment depreciation:
Depreciation Expense-Equipment $9,000
Accumulated Depreciation-Equipment $9,000
b. Adjusting journal entry for expired insurance:
Insurance Expense $3,200
Prepaid Insurance $3,200
c. Adjusting journal entry for office supplies:
Supplies Expense $3,800
Supplies $3,800
d. Adjusting journal entry for unearned revenue:
Unearned Revenue $7,800
Revenue $7,800
e. Adjusting journal entry for accrued salaries expense:
Wages Expense $20,000
Wages Payable $20,000
These adjusting journal entries ensure that the financial statements accurately reflect the expenses, revenues, and asset values at the end of the year. They account for the depreciation of equipment, expiration of prepaid insurance, reduction in supplies, recognition of revenue from performed services, and the accrual of unpaid salaries expenses.
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what are some of the ways international business differs from doing business domestically?
International business differs from doing business domestically in several ways. Firstly, international business involves conducting trade and investment transactions between two or more countries, whereas domestic business refers to trade and investment transactions that take place within a country.
Secondly, international business involves dealing with different currencies and exchange rates, which increases the level of risk associated with doing business internationally. Finally, international business also involves dealing with different cultural, political, and legal systems, which can make it more difficult to do business effectively and efficiently. International business also requires more extensive research and planning than domestic business because it involves different laws, cultures, and political systems.
In addition, international business is usually conducted on a larger scale than domestic business, which means that businesses may need to invest more capital and resources to enter foreign markets. Overall, the differences between international business and domestic business mean that businesses need to carefully consider their goals, resources, and strategies before deciding to expand internationally.
They must also be willing to adapt and adjust their strategies to meet the unique challenges of doing business in different countries.
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Substance abuse and unemployment are examples of _____ risk factors.
Substance abuse and unemployment are examples of dynamic risk factors.
the qestion is incomplete .please read below to find the missing content
Substance abuse and unemployment are examples of __________ risk factors.
a. dynamic risk
b. static risk
c. actuarial risk
d. instrumental
adjective. When you describe someone as dynamic, you think of them as full of energy or full of new and exciting ideas. [Consensus] It seems that he was a dynamic and energetic leader. Synonyms: energetic, lively, forceful, active
Dynamics is the study of the motion of bodies (that is, kinematics) and the forces responsible for them. This is a branch of classical mechanics that primarily includes Newton's laws of motion. It is an invitation to develop a new set of beliefs about how you perceive and understand the world. It also serves as a guide to new ways for all of us to make sense together. I also intend to
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Fred's coworkers are very experienced and skilled self-starters, but their group dynamic is very complex. What type of leadership would be most suitable for the situation
Democratic leadership is most suitable where group dynamic is very
complex.
What is Group dynamics?This is defined as the behaviors and attitudes which are present in a
group. In this type of group, the leader has to be able to effectively
organize its members as a result of varying ideas and difficulty in reaching
agreement on topics.
Democratic leadership will ensure that everyone has inputs and then the
ones with the most vote can be agreed upon.
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Supplies Expense 2,900,Supplies 2,900This entry records the supplies used during the year. The Supplies Expense account is debited for the amount of supplies used.
What is year ?Year is a measurement of time that is commonly defined as the number of full rotations of the earth around the sun. A year is typically divided into twelve months, each of which consists of thirty to thirty-one days. Depending on the calendar system, a year can also include an extra day or two to account for the fraction of a rotation that is leftover. In most cases, a year is 365 days long, although leap years are 366 days long. The length of a year determines how we mark the passage of time and when events are celebrated.
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Silva and Renate were given money in the ratio of 5 to 3. Silva's share was $60. How much did Renate receive.
Answer:
$36
Explanation:
share was $60. How much did Renate receive
The sharing ratio was 5 to 3:, Silva would get 5 portions and Renate 3 portions.
in fraction form, Silva would get 5/8 while Renate would get 3/8
If Silva got $60, Renate would get?
5/8 = 60: then 3 /8= 60/5 x 3
=12 x 3
=$36
trade secrets: group of answer choices cannot be registered. do not carry remedies if they are taken by former employees. are not a form of property and cannot be stolen. none of the above
None of the above is the correct answer (fourth option).
What are trade secrets?A trade secret is a piece of information that is not generally known and that gives a business a competitive advantage. Trade secrets can include things like customer lists, formulas, recipes, manufacturing processes, and marketing plans. Businesses must take steps to keep their trade secrets confidential, or they risk losing their competitive advantage. There are a few ways to protect trade secrets, including through non-disclosure agreements, keeping information on a “need-to-know” basis, and physically securing information. In some cases, businesses may also register their trade secrets with the government.
Trade secrets are the ones that can be registered and there exists a remedy when it is stolen by any former employee. It is a form of property that can be stolen by another business or by an employee. Hence, it needs proper protection for its safeguard.
It can be concluded that none of the above is the correct answer (fourth option).
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What is usually the primary revenue stream for online auction sites such as ebay?
The method by which a company expects to generate income is called a revenue model. A firm may account for production, purchasing, distribution, marketing, and other costs up until the business achieves a profit, depending on the revenue model, which can be quite common or fairly complex.
The revenue model is regarded as a broad overview of a company's revenue structure. A business can have a variety of revenue streams, or sources of income, under this model.
eBay makes money through selling goods and services across its platform as well as by advertising services like classifieds and commercials.
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This is calculated by dividing the net profits by net sales.
sales margin
profit margin
sales revenue
net revenue
Answer:
Profit margin
Explanation:
Profit margin = Net profits / Net sales
Company can earn insight into a company's earnings by looking at its sales strategy, pricing structure, and productivity improvements using net profit margin.
Question 1. What do you consider will be the effects of Auditing
in the future based on Practicalities of reporting?
(Write your explanation between 100-200 words
In the future, auditing is likely to undergo significant changes as a result of practicalities of reporting. One possible effect of these changes could be an increase in the use of artificial intelligence and other advanced technologies to facilitate more accurate and efficient audits.
Another potential effect of these changes could be an increased emphasis on sustainability and environmental responsibility. Companies will need to focus more on the environmental and social impact of their activities, which could lead to more detailed and rigorous audits in these areas.
Auditors will need to be more thorough and detailed in their reporting, and will need to provide more information about the processes and methodologies that they use in order to ensure that their reports are accurate and trustworthy.
Overall, the future of auditing will be shaped by a range of practicalities, including technological advances, increased specialization and skill requirements, and a greater emphasis on transparency and accountability.
These changes will likely have a significant impact on the way that audits are conducted and reported, and will require auditors to adapt and evolve in order to remain effective and relevant.
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