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NEW QUESTION: 1
In its annual report to shareholders, Lake Co. included a separate management report that contained
additional information. Lake's auditor is expressing an unqualified opinion on Lake's financial statements
but has not been engaged to examine and report on this additional information. What is the auditor's
responsibility concerning such a report?
A. The auditor should add an explanatory paragraph to the report on the financial statements disclaiming
an opinion on the additional information.
B. The auditor has no obligation to read the management report or to verify the accuracy or
appropriateness of its contents.
C. The auditor should read the management report and consider whether it contains a material
misstatement of fact.
D. The auditor should request Lake to place the management report in its annual report where it will not
be misinterpreted to be the auditor's assertion.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. The auditor should read other information accompanying the basic financial
statements and consider whether it contains a material inconsistency or material misstatement of fact.
Choice "A" is incorrect. The auditor generally does not add a disclaimer paragraph in this situation.
Choice "B" is incorrect. The auditor should read other information accompanying the basic financial
statements and consider whether it contains a material inconsistency or material misstatement of fact.
Choice "C" is incorrect. Even if the management report were included in the annual report, the auditor still
has the same responsibility regarding both the management report and the annual report: the auditor
should read the information and consider whether it contains a material inconsistency or material
misstatement of fact.

NEW QUESTION: 2
DRAG DROP
You are developing your first Windows Store app and submitting it to the Windows Store.
The app uses a cloud server to send notifications by using Windows Push Notification
Service (WNS).
You need to authenticate the cloud server with WNS.
Which five actions should you perform in sequence? (To answer, move the appropriate
actions from the list of actions to the answer area and arrange them in the correct order.)

Answer:
Explanation:

NEW QUESTION: 3
Which architecture allows system-to-system communication and user level DMA with as little CPU interaction as possible, most particularly for clustering?
A. FC-CT
B. FC-SW
C. FC-VI
D. FAIS
Answer: C

NEW QUESTION: 4
Which of the following effects would a lockbox most likely provide for receivables management?
A. Maximized disbursement float.
B. Maximized collection float.
C. Minimized collection float.
D. Minimized disbursement float.
Answer: C
Explanation:
Choice "a" is correct. A lockbox system expedites cash inflows (minimizes collection float) by having a
bank receive payments from a company's customers directly, via mailboxes to which the bank has access.
Payments that arrive in these mailboxes are deposited into the company's account immediately. Choice
"b" is incorrect. Lockboxes minimize rather than maximize collection float. Choices "c" and "d" are
incorrect. Lockbox systems relate to collection rather than disbursement float.