two reasons why referring your own clients to an accounting firm could improve your business practices and benefit both yourself and your organisation.

two reasons why referring your own clients to Money Management could improve your business practices and benefit both yourself and your organisation.

Identify at least one category of clients who would benefit from being referred to a local accountant.

Studying the client and industry allows an auditor to:Question 6AnswerSelect one:a.familiarise themselves with the client’s business and the industry in which it operates.b.gain an understanding of any accounting practices or transactions unique to that industry.c.assess the control environment and the attitudes and capability of senior management.d.All of the options are correct.

Accounting is only relevant to profit-oriented organisations. Question 1 Answer True False

which is best explaination for the accrual basis of accounting a.None of the options reflect the accrual basis of accounting. b.Thompson Consulting Limited recognises revenue in its accounts when the services are fully completed for the client, even if the client has not yet made payment for the services rendered. c. Hair Fashion Limited only records an expense for hair products when the cash payment is made to the supplier. d.Steel Hardware Limited records revenue only when cash is received from the credit sales made to customers.