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NEW QUESTION: 1
Which of the following factors most likely would lead a CPA to conclude that a potential audit engagement
should not be accepted?
A. There are significant related party transactions that management claims occurred in the ordinary
course of business.
B. Internal control activities requiring the segregation of duties are subject to management override.
C. It is unlikely that sufficient appropriate audit evidence is available to support an opinion on the financial
statements.
D. Management continues to employ an inefficient system of information technology to record financial
transactions.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. If it is unlikely that sufficient appropriate audit evidence will be available to support
an opinion on the financial statements, it would be pointless to conduct an audit.
Choice "A" is incorrect. The existence of significant related party transactions would not prevent the auditor
from accepting an audit engagement, regardless of the whether or not such transactions occurred in the
ordinary course of business. The auditor would simply need to evaluate management's methods for
identifying and disclosing related party transactions, and ultimately evaluate financial statement disclosure,
as part of the audit.
Choice "B" is incorrect. Internal control activities are often subject to management override, but this is no
reason to reject a potential audit engagement. Rather, this risk should be assessed, and audit procedures
should be designed only after taking into account the assessed level of risk.
Choice "C" is incorrect. An inefficient system of information technology for recording financial transactions
may not be optimal for the company, but as long as it is an effective system (i.e., as long as it provides
reliable financial reporting), it will not affect the auditor's decision regarding acceptance of a new audit
engagement.

NEW QUESTION: 2
Company A is bought by a larger company and needs to provide information on a monthly basis to the new parent company (B) to help predict sales. What data/report should company A provide for review?
Answer:
Explanation:
Opportunity pipeline report grouped by month.

NEW QUESTION: 3
In SLAX, what is the difference between the jcs:invoke ()and the jcs:execute ()functions?
A. RPCs called by jcs:invoke ()are executed within an existing connection
B. RPCs called by jcs:invoke ()are not executed until the conclusion of the script
C. RPCs called by jcs:execute ()are not executed until the conclusion of the script
D. RPCs called by jcs:execute ()are executed within an existing connection
Answer: D

NEW QUESTION: 4
An engineer is deploying Cisco Digital Media Players throughout the enterprise to provide digital signs.
Which three Cisco Digital Media Players can the engineer use? (Choose three.)
A. Cisco Edge 350 Digital Media Player
B. Cisco Digital Media Player 4400G
C. Cisco Digital Media Player 4500
D. Cisco Digital Media Player 4310G
E. Cisco Digital Media Player 4305
F. Cisco Edge 340 Digital Media Player
Answer: B,D,F
Explanation:
Explanation/Reference:
Explanation:
Cisco announced the end of sale and end of life dates for the Cisco Digital Player models and Cisco Edge models. The Cisco Interactive Experience Client replaces the Cisco Digital Player models.
Models
Cisco Edge 340 Digital Media Player
Cisco Edge 300 Digital Media Player
End-of-Sale Models
Cisco Digital Media Player 4400G
Cisco Digital Media Player 4310G
Cisco Digital Media Player 4305G
Reference: http://www.cisco.com/c/en/us/products/video/digital-media-players/index.html
http://www.cisco.com/c/en/us/products/video/digital-media-players/eos-eol-models-listing.html

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