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NEW QUESTION: 1
An auditor who discovers that client employees have committed an illegal act that has a material effect on
the client's financial statements most likely would withdraw from the engagement if:
A. The client does not take the remedial action that the auditor considers necessary.
B. The illegal act was committed during a prior year that was not audited.
C. The illegal act is a violation of generally accepted accounting principles.
D. The auditor has already assessed control risk at a high level.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. The auditor may conclude that withdrawal is necessary if the client does not take the
remedial action that the auditor considers necessary in the circumstances, even when the illegal act is not
material to the financial statements.
Choice "A" is incorrect. Whether or not the illegal act is a violation of GAAP does not determine the need to
withdraw from the engagement.
Choice "C" is incorrect. An illegal act committed in the prior year would not necessarily cause an auditor to
withdraw from a current engagement.
Choice "D" is incorrect. Assessment of control risk at a high level would cause an auditor to modify the
nature, timing, or extent of audit procedures, but would not cause withdrawal from an engagement.
NEW QUESTION: 2
Refer to the exhibit.
Drag and drop the code from the left onto the item numbers on the right to complete to Meraki python script shown in the exhibit.
Answer:
Explanation:
Explanation
1 - D, 2 - A, 3 - H, 4 - F, 5 - G, 6 - E, 7 - C, 8 - B
NEW QUESTION: 3
The default interval for sending VGMP hello packets is 1 second. That is, when the hello packet sent by the peer is not received within the range of three hello packets, the peer is considered to be faulty. Master status.
A. FALSE
B. TRUE
Answer: B
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