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NEW QUESTION: 1
Which of the following relatively small misstatements most likely could have a material effect on an entity's
financial statements?
A. An uncollectible account receivable that was not written off.
B. An illegal payment to a foreign official that was not recorded.
C. A piece of obsolete office equipment that was not retired.
D. A petty cash fund disbursement that was not properly authorized.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. An illegal payment of an otherwise immaterial amount could be material if there is a
reasonable possibility that it could lead to a material contingent liability or a material loss of revenue.
Choice "B" is incorrect. Failure to retire a piece of obsolete office equipment is not likely to have
ramifications beyond the immaterial misstatement that would result directly from it.
Choice "C" is incorrect. Failure to properly authorize a petty cash fund disbursement is not likely to have
ramifications beyond the immaterial misstatement that would result directly from it.
Choice "D" is incorrect. Failure to write off a relatively small uncollectible account receivable is not likely to
have ramifications beyond the immaterial misstatement that would result directly from it.
NEW QUESTION: 2
A. GGHEADER
B. @GETENV
C. TOKEN
D. GGENVIRONMENT
Answer: C
NEW QUESTION: 3
A test assessment has been carried out using the selected model as a reference framework. A number of recommendations have been identified and you are asked to prioritize them. Based on your knowledge of the project, you are expecting severe resistance to change. Which of the following would be the most important selection criterion for defining the priority of the recommendations? 2 credits
A. Most visible to stakeholders
B. Synchronized with the overall long-term organizational strategy
C. Defined according to the maturity model used
D. Low costs actions first
Answer: A
Explanation:
Explanation/Reference:
Explanation:
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