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NEW QUESTION: 1
Which of the following actions best demonstrates that an internal auditor is exercising due professional care?
A. The auditor performs thorough reviews and provides absolute assurance of regulatory compliance.
B. The auditor is alert to the possibility of fraud and activities where irregularities are most likely to occur.
C. The auditor recommends improvements for all of the organization's procedures and practices.
D. The auditor is cognizant of reducing travel expenses by combining a personal vacation with a business trip.
Answer: B
NEW QUESTION: 2
To back up all events stored in the SmartEvent Server, you should back up the contents of which folder(s)?
A. $RTDIR/events_db
B. $RTDIR/distrib and $RTDIR/events_db
C. $RTDIR/distrib_db and $FWDIR/events
D. $RTDIR/distrib
Answer: B
NEW QUESTION: 3
A ______ backup only stores new and altered files to the backup set?
A. full
B. shadow copy
C. snap shot
D. incremental
Answer: D
NEW QUESTION: 4
Which of the following is required in order for an entity to record a provision?
A. The exact payee must be known.
B. The exact date payable must be known.
C. It must be reasonably possible that an outflow of resources will be required to settle the obligation.
D. It must be possible to determine a reliable estimate of the amount of the obligation.
Answer: D
Explanation:
A provision is a liability of uncertain timing and amount. Recognition of provisions is appropriate when the entity has a legal or constructive present obligation n-' 5ultinn from a past event called an obligating event), it is probable that an outflow of economic benefits will be necessary to settle the obligation, and its amount can be reliably estimated.
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