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NEW QUESTION: 1
When performing an engagement to review a nonissuer's financial statements, an accountant most likely
would:
A. Limit the distribution of the accountant's report.
B. Confirm a sample of significant accounts receivable balances.
C. Ask about actions taken at board of directors' meetings.
D. Obtain an understanding of the entity's internal control.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. A review is based on inquiry and analytical procedures. The accountant should
inquire about actions authorized by the stockholders, the board of directors, or other management groups.
Choice "A" is incorrect. The accountant is not required to obtain an understanding of internal control in a
review engagement under SSARS. An understanding would be required in an audit or in a review of the
interim financial statements of a public entity, conducted under auditing (PCAOB) standards.
Choice "B" is incorrect. Distribution of a review report is not limited; however, each page of the financial
statements should be marked, "See Accountant's Review Report."
Choice "C" is incorrect. Confirmation is an auditing procedure used to corroborate stated account
balances. A review is based on inquiry and analytical procedures, and would not include confirmation of
balances.
NEW QUESTION: 2
Scenario
A. Option D
B. Option B
C. Option C
D. Option A
Answer: D
Explanation:
Using the "show ip int brief command" on R5 we can see the IP addresses assigned to this router. Then, using the
"show ip route" command on R1 we can see that to reach 10.5.5.5 and 10.5.5.55 the preferred path is via Serial 1/3,
which we see from the diagram is the link to R2.
NEW QUESTION: 3
Which statement are correct regarding TABART?
A. If SAPDBA or BRSPACE was used to create additional tablespaces, TABART names like U####,
URS##, and USER#
B. A customer TABART name must start with ''Z'' or ''Y'' and four additional characters
C. All are false.
D. To prevent SAP upgrade from overwriting these definitions, the class for customer created TABARTS
must be ''USR''.
Answer: A,B,D
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