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NEW QUESTION: 1
Negative confirmation of accounts receivable is less effective than positive confirmation of accounts
receivable because:
A. Some recipients may report incorrect balances that require extensive follow-up.
B. The auditor cannot infer that all nonrespondents have verified their account information.
C. Negative confirmations do not produce audit evidence that is statistically quantifiable.
D. A majority of recipients usually lack the willingness to respond objectively.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. Negative confirmation of accounts receivable is less effective than positive
confirmation of accounts receivable because the auditor cannot infer that all nonrespondents have verified
their account information.
Choice "A" is incorrect. Both positive and negative confirmations are equally affected by recipients' lack of
willingness to respond objectively.
Choice "B" is incorrect. Both positive and negative confirms are equally affected by recipients' reporting of
incorrect balances.
Choice "D" is incorrect. Negative confirmations returned do produce information (e.g., errors noted in
accounts) that can be statistically quantifiable.

NEW QUESTION: 2
An organization uses Dynamics 365 for Finance and Operations.
Several posted journal entries contain invalid main account and dimension combinations. This leads to incorrect financial reporting.
You need to prevent these invalid combinations.
What should you do?
A. Configure the account structure to specify which financial dimensions are valid for which main accounts.
B. Associate the correct main accounts to that financial dimension on the financial dimension setup form.
C. Train users to select the Validate button in the current journal configuration so that the correct account and dimension combination is used.
D. Configure financial dimension sets to limit which financial dimensions are valid for which main accounts.
Answer: D

NEW QUESTION: 3
A Solutions Architect is developing a new web application on AWS. The Architect expects the application to become very popular, so the application must scale to support the load. The Architect wants to focus on software development and deploying new features without provisioning or managing instances. Which solution is appropriate?
A. Amazon API Gateway and AWS Lambda
B. Elastic Load Balancing with Auto Scaling groups and Amazon EC2
C. Amazon CloudFront and AWS Lambda
D. Amazon API Gateway and Amazon EC2
Answer: A