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NEW QUESTION: 1
You are a contractor for a state agency. Your company recently completed a water resource management project for the state and received payment on its final invoice today. A procurement audit has been conducted. Formal notification that the contract has been closed should be provided to your company by the______________
A. Project control officer
B. State's project manager
C. Person responsible for procurement administration
D. Project sponsor or owner
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The person responsible for procurement administration should provide, in writing, formal notification that the contract has been completed. Requirements for formal acceptance and closeout should be defined in the contract.
NEW QUESTION: 2
An IS auditor has been asked to assess the security of a recently migrated database system that contains personal and financial data for a bank's customers. Which of the following controls is MOST important for the auditor to confirm is in place?
A. The service port used by the database server has been changed.
B. All tables in the database are normalized.
C. The default configurations have been changed.
D. The default administration account is used after changing the account password.
Answer: C
NEW QUESTION: 3
Given the business use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal source code is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company
'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee, total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What wil the typical transaction information be at the header level?
A. Amount
B. Customer Number
C. Currency
D. Line Type
Answer: B
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