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NEW QUESTION: 1
An auditor's engagement letter most likely would include a statement that:
A. Describes the auditor's responsibility to evaluate going concern issues.
B. Lists potential significant deficiencies discovered during the prior year's audit.
C. Explains the analytical procedures that the auditor expects to apply.
D. Limits the auditor's responsibility to detect errors and fraud.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. An auditor's engagement letter typically includes discussion of limitations of the
engagement, such as the fact that the auditor will obtain only reasonable assurance, and therefore a
material misstatement may remain undetected.
Choice "A" is incorrect. An auditor's engagement letter typically covers the objectives of the engagement,
management's responsibilities, the auditor's responsibilities, limitations of the engagement, and other
matters involving the conduct of the audit. Potential significant deficiencies discovered during the prior
year's audit would not typically be included in the engagement letter.
Choice "B" is incorrect. While the auditor's engagement letter might include a discussion of the overall
audit strategy, it typically would not include specific audit procedures.
Choice "C" is incorrect. While the auditor's engagement letter might include a discussion of the auditor's
responsibilities, this is usually discussed in fairly general terms. An engagement letter would not describe
the auditor's responsibility with respect to specific issues (such as going concern issues).

NEW QUESTION: 2
All of the following are FALSE regarding bar charts EXCEPT:
A. Bar charts are generally better at illustrating the resource trade-offs compared with network diagrams
B. Bar charts are generally better at illustrating critical paths compared with network diagrams
C. Bar charts are generally better at illustrating logical relationship compared with network diagrams
D. Bar charts are generally better at illustrating progress or status compared with network diagrams
Answer: A

NEW QUESTION: 3
When creating a port group in FusionCompute, which of the following operation is wrong?
A. Set the port type as "Normal"
B. Add "This is a test port" in the description
C. Set VLAN ID as "5000"
D. Set the name of the port group as "ceshi"
Answer: C