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NEW QUESTION: 1
An auditor is engaged to report on selected financial data that are included in a client-prepared document
containing audited financial statements. Under these circumstances, the report on the selected data
should:
A. Indicate that the data are not fairly stated in all material respects.
B. Be limited to data derived from the audited financial statements.
C. Be distributed only to senior management and the board of directors.
D. State that the presentation is a comprehensive basis of accounting other than GAAP.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. An auditor's report on selected information included in a client-prepared document
containing audited financial statements should be limited to data derived from audited financial
statements.
Choice "B" is incorrect. It is not necessary to limit distribution of such a report.
Choice "C" is incorrect. Selected financial data is not an "other comprehensive basis of accounting."
Choice "D" is incorrect. The auditor indicates whether the selected financial data is fairly stated, in all
material respects, in relation to the financial statements from which it has been derived.
NEW QUESTION: 2
A network technician is assisting the company with developing a new business continuity plan. Which of the following would be an appropriate suggestion to add to the plan?
A. Build redundant links between core devices
B. Maintain up-to-date configuration backups
C. Perform reoccurring vulnerability scans
D. Physically secure all network equipment
Answer: A
Explanation:
Explanation
The business continuity plan focuses on the tasks carried out by an organization to ensure that critical business functions continue to operate during and after a disaster.
By keeping redundant links between core devices critical business services can be kept running if one link is unavailable during a disaster.
NEW QUESTION: 3
Which statement best describes stages In the credit review process?
A. defining a profile class, assigning it to customers, setting up the scoring model, and starting the workflow background process
B. initiating a credit review, data collection, data analysis, making and implementing the recommendations
C. manually reviewing customers' past billing and payment history, initiating discussions with customers, and implementing recommendations
D. manually initiating a review by sending out malls to customers requesting information, reviewing and making recommendations, and implementing recommendations after approval
Answer: B