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Questions and Answers: 104

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NEW QUESTION: 1
In evaluating the reasonableness of an entity's accounting estimates, an auditor normally would be
concerned about assumptions that are:
A. Consistent with prior periods.
B. Susceptible to bias.
C. Similar to industry guidelines.
D. Insensitive to variations.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. An auditor would be concerned about assumptions that are susceptible to bias
because it is more likely that estimates based on such assumptions will be misstated.
Choice "B" is incorrect. The auditor would not normally be concerned about assumptions that are
consistent with prior periods, as estimates based on such assumptions are less likely to be misstated.
Choice "C" is incorrect. The auditor would not normally be concerned about assumptions that are
insensitive to variation, as estimates based on such assumptions are less likely to be misstated.
Choice "D" is incorrect. The auditor would not normally be concerned about assumptions that are similar to
industry guidelines, as estimates based on such assumptions are less likely to be misstated.

NEW QUESTION: 2
ControlCenter Performance View statistics for switches displays gaps after adding new switches. How can these gaps be eliminated?
A. Decrease the frequency of data collections
B. Disable some ports on the new switches
C. Rediscover the fabric
D. Increase the frequency of data collections
Answer: A

NEW QUESTION: 3
As a consultant in your company, you are required to set up names and details of schools, colleges, universities, and so on, so that users can select from this list when entering their qualifications such as degrees.
Identify the correct setup task in Functional Setup Manager > Define Workforce Profiles.
A. Define Talent Profile Content > Manage Educational Establishments
B. Define Talent Profile Content > Manage Profile Content Items
C. Define Talent Profile Content > Manage Content Subscribers
D. Define Talent Profiles > Manage Profile Types
Answer: A


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