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NEW QUESTION: 1
According to the Standards, which of the following best describes what must be agreed upon to establish an understanding with clients prior to starting a consulting engagement?
A. The engagement objectives, access to clients records, and expectations.
B. The engagement scope, opportunities for making significant improvements, and client expectations.
C. The engagement objectives, scope, respective responsibilities, and other client expectations.
D. The engagement objectives, scope, and time frame to complete the engagement.
Answer: C
NEW QUESTION: 2
An asset with a 10-year life has an acquisition cost of 5,000. The firm, using double declining method of depreciation has an accumulated depreciation of 2,440 at the end of year 3 (verify this!). The depreciation expense in year 4 is equal to ________.
A. 0
B. 1
C. 2
D. 3
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The book value at the beginning of year 4 = 5,000-2,440 = 2,560. Then, depreciation expense in year 4
2/10*book value = 512.
NEW QUESTION: 3
Which of the following is the MOST relevant metric to include in an information security quarterly report to the executive committee?
A. Percentage of security compliant servers
B. Number of security patches applied
C. Security patches applied trend report
D. Security compliant servers trend report
Answer: D
Explanation:
The percentage of compliant servers will be a relevant indicator of the risk exposure of the infrastructure. However, the percentage is less relevant than the overall trend, which would provide a measurement of the efficiency of the IT security program. The number of patches applied would be less relevant, as this would depend on the number of vulnerabilities identified and patches provided by vendors.
NEW QUESTION: 4
Mark is the project manager of the NHQ project in StarTech Inc. The project has an asset valued at $195,000 and is subjected to an exposure factor of 35 percent. What will be the Single Loss Expectancy of the project?
A. $68,250
B. $72,650
C. $67,250
D. $92,600
Answer: A
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