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NEW QUESTION: 1
When an accountant compiles projected financial statements, the accountant's report should include a
separate paragraph that:
A. Describes the limitations on the projection's usefulness.
B. Explains the difference between a compilation and a review.
C. Documents the assessment of the risk of material misstatement due to fraud.
D. Expresses limited assurance that the actual results may be within the projected range.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. The accountant's report on compiled projected financial statements should include a
separate paragraph that describes the limitations on the projection's usefulness. For example, the
paragraph states that there will usually be differences between projected and actual results, and indicates
that the accountant has no responsibility to update the report for events occurring after the date of the
report.
Choice "A" is incorrect. The accountant's report on compiled projected financial statements does not
include an Explanation: of the difference between a compilation and a review.
Choice "B" is incorrect. The accountant's report on compiled projected financial statements does not
document the assessment of the risk of material misstatement due to fraud.
Choice "C" is incorrect. The accountant's report on compiled projected financial statements does not
express limited assurance that the actual results may be within the projected range. In fact, it specifically
states that no opinion or any other form of assurance is expressed, and that there usually will be
differences between projected and actual results.
NEW QUESTION: 2
Which IS-IS packet is used to carry routing updates?
A. IIH
B. CSNP
C. PSNP
D. LSP
Answer: D
NEW QUESTION: 3
A company's security policy states that all Web browsers must automatically delete their HTTP browser cookies upon terminating. What sort of security breach is this policy attempting to mitigate?
A. Attempts by attackers to access the user and password information stored in the company's SQL database.
B. Attempts by attackers to access password stored on the user's computer without the user's knowledge.
C. Attempts by attackers to determine the user's Web browser usage patterns, including when sites were visited and for how long.
D. Attempts by attackers to access Web sites that trust the Web browser user by stealing the user's authentication credentials.
Answer: D