Under SAS 99, financial statement auditors are required to make inquires of all but which of the following individuals or groups about possible fraudulent activity or red flags
a. Management
b. Audit committee members
c. Internal audit personnel
d. Shareholders
d
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Incorrect.
d. Correct. They are required to make enquiries about management , audit committee members, internal audit personnel and other employees but not shareholders.
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What was the total cost if Intel replaced all chips?
a. $100 million b. $200 million c. $260 million d. $360 million
A consignment sale is treated as a(n) __________ under UCC Article 2, and the dealer-consignee has full authority to sell the goods for the consignor and can pass title to the goods
A) ordinary sale B) final sale C) sale on approval D) sale or return
The price of one country's currency in terms of another's is called
A) the foreign exchange rate. B) the interest rate. C) the Dow Jones industrial average. D) none of the above.
In using a portfolio analysis to determine which IT projects to pursue, you would
A) select the most low-risk projects from the inventory. B) limit work to those projects with great rewards. C) select only low-risk, high-reward projects. D) balance high-risk, high reward projects with lower-risk projects. E) avoid projects that were very costly.