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  • Exam Number/Code : L4M7
  • Exam Name : CIPS Whole Life Asset Management
  • Questions and Answers : 260 Q&As
  • Price: $ 99.00 $ 39.00

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NEW QUESTION: 1
This question will represent a statement, question, excerpt, or comment taken from various parts of an
auditor's documentation file. Letter choices A-P represent a list of the likely sources of the statement,
question, excerpt, or comment. Select, as the best answer for each item, the most likely source. Select
only one source for each item. It is our opinion that the possible liability to the company in this proceeding
is nominal in amount.
A. Letter for underwriters.
B. Auditor's engagement letter.
C. Practitioner's report on management's assertion about an entity's compliance with specified
requirements.
D. Request for bank cutoff statement.
E. Communication from those charged with governance to the auditor.
F. Partner's engagement review notes.
G. Predecessor auditor's communication with successor auditor.
H. Accounts receivable confirmation request.
I. Management representation letter.
J. Audit inquiry letter to legal
counsel.
K. Lawyer's response to audit inquiry letter.
L. Report on the application of accounting principles.
M. Auditor's communications on significant deficiencies in internal control.
N. Explanatory paragraph of an auditor's report on financial statements.
O. Auditor's communication to those charged with governance (other than with respect to significant
deficiencies in internal control).
P. Successor auditor's communication with predecessor auditor.
Answer: E
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. In response to an audit inquiry letter, a lawyer would provide corroboration regarding
the likelihood of an unfavorable outcome to pending litigation and an estimate of any potential loss.

NEW QUESTION: 2

Refer to the exhibit.
In the Discovery Preferences for COM, if it is enabled, what is the function of the Restrict
Discovery option?
A. It limits the network discovery to run on specific time ranges only.
B. It limits the network discovery to particular subnets only.
C. It limits the network discovery to new VSP switches only.
D. It limits the network discovery to older ERS devices only.
Answer: A

NEW QUESTION: 3
Your company identifies a stored procedure that runs slowly.
You review the execution plan for the stored procedure, and you discover the properties of a Clustered Index Scan operator as shown in the exhibit. (Click the Exhibit button.) The stored procedure contains the following code.

You need to improve the performance of the stored procedure.
What should you do?
A. Change the FileName column from varchar(512) to nvarchar(512).
B. Convert the table to an In-Memory OLTP optimized table.
C. Add a NOLOCK query hint to the SELECT statement.
D. Add a FORCESEEK query hint to the SELECT statement.
Answer: C

 

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