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Question 1 A useful guideline to protect corporate computers from criminal hackers is to ____. Install antivirus software on all computers Avoid creating frequent backups of critical data Remove any firewall that may have been installed between your corporate network and the Internet Enable several guest accounts Question 2 The ability to ____ is a characteristic of a MIS system. Barrier to communication provide reports with fixed and st ...

Other / Other 27 Oct 2016

Question Question 1. Question : (TCO 5) Which of the following is responsible for establishing internal controls for a public company? Management Financial statement auditors Management and auditors Committee of Sponsoring Organizations Question 2. Question : (TCO 5) Sarbanes-Oxley requires management to issue an internal control report that includes two specific items. Which of the following is one of these two requirements? A statement ...

Other / Other 27 Oct 2016

Question 1. Question : (TCO 6) Tests of controls may include which of the following types of evidence? Observation Reperformance Inquiries All of the above Question 2. Question : (TCO 6) Which of the following is not a direct result of performing analytical procedures? Identify areas of potential misstatements. Reduce detailed audit risk. Understand the client's business. Identify specific errors in the accounts. Question 3. Question ...

Other / Other 27 Oct 2016

Question Question 1. Question : (TCO 9) The exception rate the auditor will permit in the population and still be willing to reduce the assessed level of control risk is called the tolerable exception rate. estimated population exception rate. acceptable risk of overreliance. sample exception rate. Question 2. Question : (TCO 9) A sample in which every possible combination of items in the population has an equal chance of constituting the ...

Other / Other 27 Oct 2016

Question 1. Question : (TCO 2) When a misstatement in the financial statements exists, but is unlikely to affect the decisions of a reasonable user, it would be appropriate to issue an unqualified opinion. a qualified opinion. an adverse opinion. a disclaimer of opinion. Question 2. Question : (TCO 2) When a client has not applied GAAP consistently from the prior year to the current year, the auditor does not concur with the appropriatene ...

Other / Other 27 Oct 2016

Question Quiz 3 1. Which of the following components are enhanced by individualizing rewards? 2. Self- concept, social norms, and past experiences help us: 3. Which drive in the four-drive theory is reactive rather than proactive? 4. The _____ of human beings are also called primary needs. 5. In expectancy theory Valence refers to the 6. Which of the following statements is consistent with the observations of Maslow? 7. a learned need in ...

Other / Other 27 Oct 2016

Question 1. Question : (TCO 4) If a CPA firm is being sued for common law fraud by a third party based on materially false financial statements, which of the following is the best defense the accountants could assert? A disclaimer contained in the engagement letter Lack of privity Non-negligent performance Contributory negligence on the part of the client Question 2. Question : (TCO 4) "Absence of reasonable care that can be expected of a ...

Other / Other 27 Oct 2016

Question 1. Question : (TCO 3) The organization that is responsible for providing oversight for auditors of public companies is called the _____ Auditing Standards Board. American Institution of Public Accountants. Accounting Oversight Board. Public Company Accounting Oversight Board. Question 2. Question : (TCO 1) Which one of the following is not a field work standard? Adequate planning and supervision Due professional care Understan ...

Other / Other 27 Oct 2016

Question 1. Question : (TCO 6) The distinction between physical examination of assets and examination of documents is dependent on the item being examined. If the object being examined has no inherent value, the evidence is called documentation. physical examination. confirmation. none of the above. Question 2. Question : (TCO 6) Analytical procedures are diagnostic tests of financial information that may not be classified as evidential ...

Other / Other 27 Oct 2016

1. Which of the following could be a linear programming objective function? (Points : 5) Z = 1A + 2BC + 3D Z = 1A + 2B + 3C + 4D Z = 1A + 2B / C + 3D Z = 1A + 2B2 + 3D all of the above 2. Which of the following could not be a linear programming problem constraint? (Points : 5) 1A + 2B 1A + 2B = 3 1A + 2B LTOREQ 3 1A + 2B GTOREQ 3 3. Types of integer programming models are _____________. (Points : 5) total 0 – 1 mixed all of ...

Other / Other 25 Oct 2016