Response:
A. Raw material
B. Potential customer
C. Invoice
D. Vendor
Answer: B
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NEW QUESTION: 1
Response:
A. Raw material
B. Potential customer
C. Invoice
D. Vendor
Answer: B
NEW QUESTION: 2
DRAG DROP
Drag and drop the challenge Handshake Authentication Protocol steps from the left into the correct order in which
they occur on the right.
Answer:
Explanation:
1st) Challenge
2nd) md5
3rd) acknowledged
NEW QUESTION: 3
Which of the following matters is an auditor not required to communicate to those charged with
governance?
A. The level of responsibility assumed by the auditor under generally accepted auditing standards.
B. The degree of reliance the auditor placed on the management representation letter.
C. Significant adjustments arising from the audit that were recorded by management.
D. The basis for the auditor's conclusions about the reasonableness of management's sensitive
accounting estimates.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. The auditor is not required to communicate to those charged with governance the
degree of reliance placed on the management representation letter.
Choice "A" is incorrect. Unless all those charged with governance are also involved with managing the
entity, the auditor should inform those charged with governance about adjustments arising from the audit,
regardless of whether or not management recorded them.
Choice "B" is incorrect. The auditor should communicate qualitative aspects of the process used by
management in formulating sensitive accounting estimates, which would likely include discussion of the
basis for the auditor's conclusions regarding the reasonableness of those estimates.
Choice "C" is incorrect. The auditor should communicate the level of responsibility that he/she is assuming
under GAAS.