Which of the following is correct about warranties under the Uniform Computer Information
Transactions Act (UCITA)?
A) General disclaimers must be conspicuous.
B) Licensors are not required to make express warranties concerning the quality of their
software or information.
C) The UCITA permits a licensor to disclaim all implied warranties by language that in
common understanding calls the licensee's attention to the disclaimer and makes plain
there are no implied warranties.
D) A and B only
E) A, B, and C
E
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Information Risk is defined as:
A. the risk that the internal controls will not prevent or detect a misstatement in the financial statements. B. the risk that auditor is has followed appropriate auditing standards and issued a standard unqualified opinion, and the financial statements contain a material misstatement. C. the risk that an assertion contains a misstatement, before considering internal controls. D. the risk that information circulated by a company's management will be false or misleading.
Which of the following is an advantage of telephone interviews?
A) They are less expensive to conduct than online questionnaires. B) Interviewer variability can be controlled. C) Response rates are increasing. D) Interviewers can provide feedback and have flexibility in follow-up questions. E) Interviewers' interpretation of responses is easily standardized.
Jennifer runs her own business. An auditor observes some discrepancies in the company's finances, and the case is taken to court. In a trial, a subpoena requires her to produce the books and records related to her business
Which of the following statements is true about this scenario? A) If the business is run as a corporation, the Fifth Amendment to the U.S. Constitution's privilege against self-incrimination allows Jennifer to refuse to produce the records. B) If the business is run as a sole proprietorship, the Fifth Amendment to the U.S. Constitution's privilege against self-incrimination allows Jennifer to refuse to produce the records. C) The Fifth Amendment to the U.S. Constitution's privilege against self-incrimination extends to custodians of corporate records, which allows Jennifer to refuse to produce the records. D) The Fifth Amendment to the U.S. Constitution's privilege against self-incrimination extends to all forms of business, which allows Jennifer to refuse to produce the records.
To assist in detecting illegal bribes, International Civil Engineers, Inc, and all other U.S. companies must
a. conceal financial records that reveal past bribes. b. keep records that "accurately and fairly" reflect their financial activities c. make bribes through third parties rather than directly to officials. d. permit payments to foreign officials that are unlawful in that country.