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NEW QUESTION: 1
A. Option
B. Option
C. Option
D. Option
Answer: B
NEW QUESTION: 2
Your company has a Microsoft Office 365 subscription.
All users use an email domain named @adatum.com.
You have the guest access settings shown in the Guest Access exhibit. (Click the Guest Access tab.)
You have the organizational relationship settings shown in the Organizational Relationship exhibit. (Click Organizational Relationship tab.)
You have a meeting policy that is configured as shown in the Meeting Policy exhibit. (Click the Meeting Policy tab.)
For each of the following statements, select Yes if the statement is true. Otherwise, select No.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Reference:
https://docs.microsoft.com/en-us/azure/active-directory/b2b/allow-deny-list
NEW QUESTION: 3
An auditor obtains knowledge about a new client's business and its industry to:
A. Develop an attitude of professional skepticism concerning management's financial statement
assertions.
B. Evaluate whether the aggregation of known misstatements causes the financial statements taken as a
whole to be materially misstated.
C. Make constructive suggestions concerning improvements to the client's internal control.
D. Understand the events and transactions that may have an effect on the client's financial statements.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. The auditor should obtain knowledge of the client's business and its industry in order
to determine the effect of transactions, events, and practices on the client's financial statements.
Choice "A" is incorrect. Constructive suggestions concerning improvements in the new client's internal
control are generally made after the study and evaluation of the client's internal control, performed
subsequent to planning. Knowledge about the new client's business and its industry is generally obtained
during planning.
Choice "B" is incorrect. The auditor should have an attitude of professional skepticism in conducting the
engagement, but this attitude is not necessarily related to the auditor's knowledge of the new client's
business and its industry.
Choice "C" is incorrect. The auditor should evaluate whether the aggregation of known misstatements
materially affects the financial statements, but this is done near the audit's conclusion. Knowledge about
the new client's business and its industry is generally obtained during planning.
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