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NEW QUESTION: 1
Auditor confirmation of accounts payable balances at the balance sheet date may be unnecessary
because:
A. Accounts payable balances at the balance sheet date may not be paid before the audit is completed.
B. Correspondence with the audit client's attorney will reveal all legal action by vendors for nonpayment.
C. There is likely to be other reliable external evidence available to support the balances.
D. This is a duplication of cutoff tests.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. The documents available to support accounts payable balances come from external
sources, which makes them more reliable.
Choice "A" is incorrect. Confirmation of accounts payable is not a duplication of cutoff tests. Cutoff testing
addresses questions about proper period (allocation) while confirmation of accounts payable balances
generally tests for understated balances.
Choice "B" is incorrect. If liabilities are not paid before the audit is completed, accounts payable
confirmations would be more important, since there would be less other evidence supporting the liability.
Choice "C" is incorrect. Legal action usually takes a long time and correspondence with an attorney may
not disclose all nonpayment problems. (Notice the all-inclusive word "all," usually the tip-off to a wrong
answer.)
NEW QUESTION: 2
A system administrator checks the endpoint database and discovers MAC addresses that belong to inactive local nodes. Which description of the retention of the MAC addresses for the local nodes is true?
A. The local database is cleared only when the leaf reboots
B. The leaf sends three ARP requests after an aging period. The MAC addresses are stored to the local endpoint database aft long as the devices respond to the requests
C. After five minutes, the inactive nodes are removed from the local endpoint database of the leaf
D. After 15 minutes, the inactive nodes are removed from the local endpoint database of the leaf
Answer: C
NEW QUESTION: 3
A. Option D
B. Option B
C. Option A
D. Option C
Answer: D
Explanation:
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