________ refers to the processes by which electronic data that might be used as legal evidence are requested, secured, and searched
A) Drive-by download
B) Key logging
C) Pharming
D) E-discovery
D
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Giorgio runs a baseball equipment supply store. He specializes in supplying batting cages with new and used pitching machines. Giorgio sold Juanita a used pitching machine for her softball team. Juanita signs a lengthy contract in which Giorgio disclaims all liability and sells the machine to her "as is." These terms are in the same font as the rest of the text and not bolded, underlined, or otherwise highlighted. When Juanita gets the machine to her house, it catches fire and burns down her garage. Is Giorgio potentially liable for the damage?
What will be an ideal response?
Which of the following is not a standard procedure that the auditor normally should follow in the observation of inventory at year-end?
a. Observe the client taking inventory. b. Make selected test counts and trace into client's inventory compilation. c. Look for slow-moving, obsolete or damaged inventory. d. Review disclosure of inventory valuation.
Which of the following statements is true of misstatements or omissions of material facts in the information furnished by accountants for registration statements?
A. An accountant is not liable to a purchaser of securities issued pursuant to a defective registration statement. B. A purchaser can recover even if the accountant can demonstrate that the purchaser was aware of the misstatements or omissions in the registration statement before buying the securities. C. An accountant's duty is to have a reasonable belief in the accuracy of the figures at the time the registration statement becomes effective. D. A purchaser cannot recover if he has not read the registration statement containing the material misstatements or omissions.
The management of public companies must establish systems that
A) safeguard the firm's assets. B) ensure reliability of its accounting records. C) see that employees comply with legal requirements D) do all of these.