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NEW QUESTION: 1
Which of the following statements is correct concerning an auditor's use of the work of a specialist?
A. The auditor may not use the work of a specialist in matters material to the fair presentation of the
financial statements.
B. The work of a specialist who has a contractual relationship with the client may be acceptable under
certain circumstances.
C. The auditor need not obtain an understanding of the methods and assumptions used by the specialist.
D. The reasonableness of the specialist's assumptions and their applications are strictly the auditor's
responsibility.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. The purpose of using the work of a specialist is to provide the auditor with
specialized skill or knowledge the auditor may lack. The work of a specialist who has a relationship with a
client may be acceptable under certain circumstances. If the specialist has a relationship with the client,
the auditor should assess the risk that the specialist's objectivity might be impaired. If the auditor believes
that the relationship might impair the specialist's objectivity, the auditor should perform additional
procedures with respect to the specialist's assumptions, methods, or findings to determine that the findings
are not unreasonable or should engage another specialist for that purpose.
Choice "A" is incorrect. Although the appropriateness and reasonableness of methods or assumptions
used and their application are the responsibility of the specialist, the auditor should obtain an
understanding of the methods or assumptions used in order to determine whether the findings are suitable
for corroborating the representations in the financial statements.
Choice "B" is incorrect. The auditor may use, and in fact is encouraged to use, the work of a specialist in
matters material to the fair presentation of the financial statements.
Choice "C" is incorrect. The appropriateness and reasonableness of methods or assumptions used and
their application are the responsibility of the specialist; the auditor should, however, obtain an
understanding of the methods or assumptions used in order to determine whether the findings are suitable
for corroborating the representations in the financial statements.
NEW QUESTION: 2
HOTSPOT
You need to recommend which command must be run to remove the email notifications from all of the servers if App1 malfunctions again.
Which command should you recommend? (To answer, configure the appropriate options in the answer area.)
Answer:
Explanation:
NEW QUESTION: 3
Refer to the exhibit.
This following commands are executed on interface fa0/1 of 2950Switch.
The Ethernet frame that is shown arrives on interface fa0/1. What two function will occur when this frame is received by 2950Switch? (Choose two.)
A. Only host A will be allowed to transmit frames fa0/1.
B. All frame arriving on 2950Switch with a destination of 0000. 00aa. Aaaa will be forwarded out fa0/1.
C. The MAC address table will now have an additional entry of fa0/1 FFFF. FFFFF,FFFF.
D. This frame will be discarded when it is received by 2950Switch.
E. Only frame from source 0000. 00bb bbbb, the first learned MAC address of 2950Switch, will be forwarded out fa0/1.
F. Hosts B and C may forward frames out fa0/1 but frames arriving from other switches will not be forwarded out fa0/1.
Answer: A,B