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NEW QUESTION: 1
Does an auditor make the following representations explicitly or implicitly when issuing the standard
auditor's report on comparative financial statements?
A. Option A
B. Option C
C. Option B
D. Option D
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. Implicitly - Explicitly. When issuing the standard auditor's report on comparative FS,
an auditor implicitly represents consistent application of GAAP, but explicitly states, "An audit includes
examining, on a test basis, evidence supporting . . ." (Again, it is essential that you memorize the "auditor's
standard report.")
Choices "A", "B", and "D" are incorrect, based on the above Explanation.
NEW QUESTION: 2
What is one recommendation of the Basel Committee's 2001 paper Customer Due Diligence for Banks"?
A. Numbered accounts should not be allowed
B. Certain types of private banking can be exempt from KYC procedures
C. Politically Exposed Persons (PEPs) should not be accepted as customers
D. Banks should develop dear descriptions of acceptable customers
Answer: D
NEW QUESTION: 3
Microservice architecture is an architectural pattern. Which of the following is it advocated for?
A. Independent process is also called process isolation
B. Lightweight communication mechanism
C. Loosely coupled, independent deployment
D. Small and focused on doing one thing
Answer: A,B,D
NEW QUESTION: 4
After running a search, what effect does clicking and dragging across the timeline have?
A. Moves to past or future events.
B. Filters current search results.
C. Executes a new search.
D. Expands the time range of the search.
Answer: A