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NEW QUESTION: 1
Which action is allowed in the Applications tab in Administer Users?
A. To give users control of one or more applications which includes the ability to stop and start the application.
B. To give users access to Situations and Policies for one or more applications.
C. To give users view access to one or more applications.
D. To give users access to Take Action for one or more applications.
Answer: C
NEW QUESTION: 2
Which statement about Business Cases is TRUE?
A. Business cases should only focus on how the proposed project can lower costs and improve customer satisfaction, listing measures and targets
B. Business Cases should focus on only the non-financial business impacts of the proposed project to secure proper high-level management support
C. Business Cases should focus on only the financial impacts of the proposed project to secure support and funding
D. Business Cases should focus on both the financial and non-financial impacts of the proposed project or service
Answer: D
NEW QUESTION: 3
When performing an engagement to review a nonissuer's financial statements, an accountant most likely
would:
A. Confirm a sample of significant accounts receivable balances.
B. Obtain an understanding of internal control.
C. Ask about actions taken at board of directors' meetings.
D. Restrict the use of the accountant's report.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. As part of the inquiries made during a review engagement, an accountant would ask
about actions taken at board of directors' meetings that affect the financial statements.
Choice "A" is incorrect. Certain procedures, such as confirmation of receivables and observation of
inventory, are customarily performed in an audit but not in compilation or review engagements.
Choice "C" is incorrect. A review engagement does not include obtaining an understanding of the client's
internal control.
Choice "D" is incorrect. The accountant would not normally restrict the use of the review report.