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NEW QUESTION: 1
Which 2 alternative actions apply to the proposed user assurance for this project?
A. Retain because their divisions will be the major users of the outsourced services and they can provide the user perspective on the impact of any proposed changes.
B. Retain because they are both very positive about outsourcing the selected business functions.
C. Retain because selecting only one of them may cause unnecessary conflict.
D. Remove because neither of these individuals are from the business functions to be outsourced.
E. Retain because they are able to help identify stakeholders and their communication requirements.
Answer: A,E
Explanation:
Explanation/Reference:
Question Set 3

NEW QUESTION: 2
Which MAC protocol sets a random timer to reattempt communication?
A. CSMA/CA
B. RARP
C. CSMA/CD
D. IEEE 802.1x
Answer: C

NEW QUESTION: 3
Which of the following should be included as a written representation from management?
A. The belief that the auditor is responsible for the fair presentation of the financial statements in
conformity with generally accepted accounting principles.
B. The belief that the financial statements are completely accurate in all respects.
C. The belief that misstatements identified by the auditor and not corrected are immaterial.
D. The belief that misstatements identified by the auditor and corrected are material.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. The representation letter should include management's belief that the effects of any
uncorrected financial statement misstatements aggregated by the auditor during the current engagement
and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the
financial statements taken as a whole.
Choice "B" is incorrect. If the misstatements have been corrected, there is no need for management to
make representations regarding their materiality.
Choice "C" is incorrect. Management (and not the auditor) is responsible for the fair presentation of the
financial statements in conformity with generally accepted accounting principles.
Choice "D" is incorrect. Management states its belief that the financial statements are fairly presented in
conformity with GAAP. Fair presentation does not mean that the financial statements are completely
accurate in all respects, but that they are accurate in all material respects.