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NEW QUESTION: 1
In performing a financial statement audit in accordance with Government Auditing Standards, an auditor is
required to report on the entity's compliance with laws and regulations. This report should:
A. State that tests of compliance with laws and regulations that have a direct and material effect on the
financial statements is part of obtaining reasonable assurance that the financial statements are free of
material misstatement.
B. Provide an opinion on overall compliance with laws and regulations.
C. Indicate that the auditor does not possess legal skills and cannot make legal judgments.
D. Describe the laws and regulations that the entity must comply with.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. Basic elements of a report on compliance include a statement that tests of
compliance with laws, regulations, contracts, and grants that have a direct and material effect on the
financial statements is part of obtaining reasonable assurance that the financial statements are free of
material misstatement.
Choice "B" is incorrect. It is not necessary to describe the laws and regulations with which the entity must
comply.
Choice "C" is incorrect. The objective of the audit of the financial statements is not to provide an opinion on
overall compliance with laws and regulations.
Choice "D" is incorrect. While the auditor does not possess legal skills and cannot make legal judgments, it
is not necessary to disclose this in the report.
NEW QUESTION: 2
You want to record changes to equipment master data fields in the usage history. For which of the following objects can you activate the usage history?
Please choose the correct answer.
Response:
A. Equipment class
B. Equipment category
C. Object type
D. Planning plant
Answer: B
NEW QUESTION: 3
Refer to the exhibit. What set of commands was configured on interface Fa0/3 to produce the given output?
A. interface FastEthernet 0/3
channel-group 2 mode passive
switchport trunk encapsulation dot1q
switchport mode trunk
B. interface FastEthernet 0/3
channel-group 2 mode active
switchport trunk encapsulation dot1q
switchport mode trunk
C. interface FastEthernet 0/3
channel-group 1 mode desirable
switchport trunk encapsulation dot1q
switchport mode trunk
D. interface FastEthernet 0/3
channel-group 2 mode on
switchport trunk encapsulation dot1q
switchport mode trunk
Answer: A
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