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NEW QUESTION: 1
Which of the following audit procedures most likely would assist an auditor in identifying conditions and
events that may indicate substantial doubt about an entity's ability to continue as a going concern?
A. Inspecting title documents to verify whether any assets are pledged as collateral.
B. Reading the minutes of meetings of the stockholders and the board of directors.
C. Comparing the market value of property to amounts owed on the property.
D. Reviewing lease agreements to determine whether leased assets should be capitalized.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. The auditor should examine any evidence that appears contrary to the basic
principle of going concern. Reviewing the minutes from stockholder and board of director meetings is one
procedure that is used in this regard.
Choice "B" is incorrect. Comparison of the market value of property to amounts owed on the property
determines its net value, but would not necessarily indicate a going concern issue.
Choice "C" is incorrect. Reviewing lease agreements to determine whether leased assets should be
capitalized is important in evaluating the financial statements, but it would not provide evidence of going
concern issues.
Choice "D" is incorrect. Inspecting title documents to verify whether any assets are pledged as collateral
provides information regarding presentation and disclosure, but would not provide evidence of going
concern issues.
NEW QUESTION: 2
Which of the following provides an informal setting for a group of employees to meet with their manager to learn more about the company?
A. Brown-bag lunch program
B. Work team
C. Word of mouth
D. Department staff meetings
Answer: A
Explanation:
Answer option A is correct.
Chapter: Employee and Labor Relations
Objective: Employee Relations
NEW QUESTION: 3
Which term defines the effects on RF known as free space path loss?
A. Diffusion
B. Scattering
C. Absorption
D. Diffraction
E. Reflection
Answer: A
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 4
An application is receiving SQL injection attacks from multiple external resources. Which AWS service or feature can help automate mitigation against these attacks?
A. Elastic Load Balancer
B. Network ACL
C. AWS WAF
D. Security groups
Answer: C