Why does Gina perform regular audits such as the accounting of disclosure review?

Answers

Answer 1

Answer:

Explanation:

Gina performs regular audits such as the accounting of disclosure review to ensure that her business is operating in compliance with relevant laws and regulations, as well as to identify and prevent any potential fraudulent activity or errors in financial reporting.

Regular audits help Gina to:

Ensure compliance with laws and regulations: By conducting regular audits, Gina can ensure that her business is operating in compliance with applicable laws and regulations. For example, she may audit her financial statements to ensure compliance with accounting standards, or audit her data privacy practices to ensure compliance with relevant data protection laws.

Identify and prevent fraud: Regular audits can help Gina to detect and prevent fraudulent activity. For example, she may audit her financial transactions to identify any irregularities or discrepancies that may indicate fraudulent activity or audit her inventory to ensure that there is no theft or misappropriation of goods.

Improve accuracy of financial reporting: Audits can help Gina to ensure the accuracy of her financial reporting. By reviewing her financial statements and accounting records, she can identify and correct any errors in financial reporting. This can help to improve the accuracy of financial reporting and ensure that investors, stakeholders, and regulators have a clear and accurate picture of the financial health of her business.

Ensure internal controls are effective: Regular audits can help Gina ensure that her internal controls are effective in preventing errors and fraud. By reviewing her internal controls, she can identify any weaknesses or gaps in the control environment and take steps to address them.

In summary, Gina performs regular audits such as the accounting of disclosure review to ensure compliance with laws and regulations, prevent fraud, improve the accuracy of financial reporting, and ensure that her internal controls are effective. Regular audits can help to ensure the long-term success and sustainability of her business.


Related Questions

In a paragraph, choose and describe one landmark court ruling during the Civil *
Rights Movement.

Answers

Answer:

One landmark court ruling during the Civil Rights movement was Brown v. Board of Education (1954). In this case, the United States Supreme Court declared that segregation in public schools was unconstitutional, overturning the "separate but equal" doctrine established in Plessy v. Ferguson (1896). The Court held that segregation in education created a feeling of inferiority among African American students and violated their right to equal protection under the law guaranteed by the Fourteenth Amendment. This ruling marked a significant victory for the Civil Rights movement, and set the stage for further legal challenges to segregation and discrimination in other areas of society.

Explanation:

Americans share the basic belief that _____.

A)equal opportunity exists for everyone

B)discrimination affects many people

C)people have the same skills and abilities

D)all people deserve equal respect

Answers

Answer:

D) All people deserve equal respect.

Explanation:

While Americans may hold differing beliefs on a wide range of issues, one fundamental belief that is often cited as a cornerstone of American values is the belief in the equal dignity and worth of every individual. This belief is enshrined in the United States Declaration of Independence, which states that "all men are created equal" and endowed with certain unalienable rights. This belief in equal respect for all people is often seen as a guiding principle in the fight against discrimination and inequality, and is a common thread that runs through many aspects of American culture and society.

How did the united states involvement in the korean war set the stage for continued involvement in asia in the name of containing communism? Please answer asap!

Answers

The United States' involvement in the Korean War marked the beginning of its long-term commitment to containing communism in Asia. The war, fought between communist North Korea and non-communist South Korea, was seen as a test of the U.S.'s commitment to its allies and its ability to resist communist aggression. The U.S. ultimately intervened to support South Korea, sending troops and military aid. Although the war ended in a stalemate, the U.S. maintained a significant military presence in South Korea and other countries in the region as part of its containment strategy. This commitment to containing communism in Asia was reinforced by subsequent events, including the Vietnam War and the Cold War more broadly, and continues to shape U.S. foreign policy to this day.

Final answer:

The United States' involvement in the Korean War, according to the Containment Policy, set a precedent for US's readiness to engage in armed conflict to stop the spread of communism. The division between North and South Korea affirmed the communist threat and led the U.S. to maintain a military presence in South Korea and extend containment efforts to other Asian countries, most notably Vietnam.

Explanation:

The United States' involvement in the Korean War indeed set the stage for its continued involvement in Asia to contain communism. This notion is rooted in the US's adoption of the Containment Policy, aimed at stopping the spread of communism globally. The Korean War was one of the first significant conflicts under this policy, and the subsequent military commitment demonstrated U.S.'s readiness to engage in armed conflict to achieve this goal.

The outcome of the Korean War didn't decisively quell communism in the region but rather affirmed the division between communist North Korea and democratic South Korea. Bearing witness to this division, and the ongoing threat of communism, the U.S. retained a significant military presence in South Korea and continued its containment efforts in other Asian countries, most notably Vietnam. This continued involvement in Asia in the name of preventing communism expansion is direct sequel to the stand it took during the Korean War.

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