The a b c relationlis among financial statentent ej

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thE. a. b. c. Relat.i.on~;Li~).S among financial statent.ent eJ ements. Relati•Jnshipc between fi~ancial and. relevant non-finaccial data. Cornp<!risc'),l cf financial dat-'1 with anticipated results ;.such as budgets or forecasts). Cornpar.·ison of C'lr.c~nt: .>•::ar financial d'l.ta wi t:h prc..jectioTls for next year's financial resuits. 0 The follo·.-~ing c.re the n1o1::~ .. signific.ant·. powers anci :!:u"lctions of Boaru of Accou:1tancy (select:·- .... ~he excepU.on): To pre:>cr.ib.:: and ado!)'t the Plle.s and regulations n'::!cPssary for car.cyi.ng <)Ut the provisions of RA9293. To super\·ise the regist rat Lon, lict:.nsure and pru.c'cice of accoll.n'-·'mcy in the Philippines. To administer oaths in connect.i.on with !:he adn~nistr<.tion of RA9290. d. To m~te c·ut sente:1ce£ of 1 mpr.i~cnrnent to violators of RA9298. {·. \.· \
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. ,,. F:rst Pre-board - Ba~ch 26 (October 2bl3) 7 9. According tu the IP.P. to RA?298, r.~.eaningful exper~ence in commerce and rndustry l0cludes ~iqni~icant involvement in liaison with while meanJnqful. e.l{pf!rience in·· qovernrr,ent includes significant inv0l'~D~nt in liaison wit~ ------- a. Ex~ernal ~uditcrs; Ext~rnal auditors. b. Ext.e.rna.·L audl t.o;s; Cumr.."..s.sion on J.'J.dit. ~ I:1t.=rnal auditors.! Go~er:nme~L auditors .. d. Board of Acc~untancy; National Government Cffice. 80. 'i'he t:erm "erroL" refers tc unint.entional tnistakes in the financia: statements, and ~ay involve the foJlowi~g: ··-, A B C D Mn.themat.ical or -::le1.i::al mis':ak€s 'in the .1r.derlyin,.1 reco:r:dc; !i o.ccounting data. Yes Yes Yes Yes ::lversight o::: mi sintE. rp c:etation of facts. No Yes Yes No "'!isapplication of a::couP-ting p.cinciples .. Yes ':'=S No No :!upp.._eSSlOn or omission cf the effects vf t r.:1n s ?.o.:tions ·:::rom 1 ecot·ds o.r dvcument:s No No No No 8". l..,s part of a periodic !Jlarll'li.ng exe1.·cise, F Company discovers that ;, lhudle East politicai. 11 d~•3p\1te ma . .y inte.r:tere with the company's s <q[Jl y sources. This is an examp.l_e of: T\. Control enviro-uncnt. C. Co:-,trol ac.tivit.ies. 2. Ris~ assess~en=. D. Monitor~ng ~f controls. 1 82. F-. certificate uncer_ seal, issue.:! by the C0rrmission upon the '33. recor.Lr:~en<.lation *'Y t!,e Boco.r:d of J.\c<.;ountancy ~ursu<:lnt to ·:he r.evised J RR attesting · tha':: ind~vidual Cl:'As (.including the staff members th<:..::eof), fir:ns :i::1.cludi:1g the sole proprietors anct the staf:!: mern~>ers th~reof) a11d pa -rtnerstips of CPAs (in-::luding the partners a1d the staff members thereof)
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