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NEW QUESTION: 1
For each of the following statements, select yes if the statement is true, Otherwise, select No.
Note: Each correct selection is worth one point.
Answer:
Explanation:
NEW QUESTION: 2
Which of the following strategies most likely could improve the response rate of the confirmation of
accounts receivable?
A. Requesting customers to respond to the confirmation requests directly to the auditor by fax or e-mail.
B. Including a list of items or invoices that constitute the account balance.
C. Restricting the selection of accounts to be confirmed to those customers with relatively large balances.
D. Notifying the recipients that second requests will be mailed if they fail to respond in a timely manner.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. Some accounting systems facilitate the confirmation of single transactions rather
than entire balances. In such cases, inclusion of statements of account showing details of the balances
being confirmed makes it easier for the customers to confirm the balances, and therefore may improve the
overall response rate.
Choice "B" is incorrect. Restricting the selection of accounts to be confirmed to those customers with large
balances would not necessarily improve the response rate, as there is no particular relationship between
balance size and the likelihood of response.
Choice "C" is incorrect. Requesting customers to respond to the confirmation requests electronically would
not necessarily improve the response rate. It also might not be appropriate to request responses in
electronic form, since the auditor will still request that the original be mailed back.
Choice "D" is incorrect. Notifying the recipients that second requests will be mailed would not necessarily
improve the response rate, since the consequence of not responding (receiving a second request) is
relatively minor.
NEW QUESTION: 3
How does IBM i2 iBase increase analytical capability for an organization?
A. By combining data from the entire organization into a single repository, much simplified charts can be produced for more straightforward analysis.
B. By combining data from the entire organization into a single repository, users can visualize the entire organizational structure in one go for more in-depth analysis.
C. By searching across the entire organizations different databases, users can gain a less confusing picture of the data, thus simplifying analysis.
D. By combining data from the entire organization into a single repository, users can gain a complete picture from all the available data for more in-depth analysis.
Answer: D
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