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NEW QUESTION: 1
Your client ran the "Companies in Balance" [R097001] integrity report and requires assistance in interpreting the report.
What process do the Companies in Balance integrity perform?
A. updates the batch status of a batch header record to D If the detail records in the
Accounts Receivable Ledger, Accounts Payable Ledger, and Account Ledger batches are posted, but the header record has an unposted status
B. lists all companies and if an amount appears In a column, the company is out of balance
C. deletes batch header records with no detail records
D. locates batches posted out of balance
E. ensures that the intercompany is In balance
Answer: B
Explanation:
download.oracle.com/docs/cd/B28733_01/.../e1_fms811aga-r1104.pdf

NEW QUESTION: 2
Which of the following statements is a basic element of the auditor's standard report?
A. The auditor evaluated the overall internal control.
B. The financial statements are consistent with those of the prior period.
C. The disclosures provide reasonable assurance that the financial statements are free of material
misstatement.
D. An audit includes assessing significant estimates made by management.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. The auditor's standard audit report includes a statement that "An audit includes
assessing...significant estimates made by management..."
Choice "A" is incorrect. The standard audit report does not state that disclosures provide reasonable
assurance that the financial statements are free of material misstatement. The correct statement is:
"...standards require that we plan and perform the audit to obtain reasonable assurance that the financial
statements are free of material misstatement."
Choice "B" is incorrect. The standard audit report does not state that the auditor evaluated the overall
internal control. The correct statement is "An audit includes...evaluating the overall financial statement
presentation." Internal control is not mentioned in the standard audit report.
Choice "D" is incorrect. The standard audit report does not state "The financial statements are consistent
with those of the prior period." According to the second standard of reporting, consistency is implicitly
reported. Only if there is an inconsistency is an explicit statement included.

NEW QUESTION: 3
A worker is supposed to report for a morning shift with a scheduled start time of 08:00 AM. In the related shift limits, the grace period is set to 15 minutes and the Start Early period to 60 minutes. The worker punches in at
7:15 AM.
What exception Is generated?
A. Late in time entry
B. Early in time entry
C. Invalid in time entry
D. No exception is generated.
Answer: B


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