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NEW QUESTION: 1
Which of the following statements is true regarding an accountant's consideration of fraud/illegal acts in
compilation and review engagements?
A. The accountant must inform an appropriate level of management of all instances of fraud or illegal
acts.
B. The accountant must report only definite instances of fraud or an illegal act, but need not report
information indicating that fraud or an illegal act may have occurred.
C. Information indicating that fraud or an illegal act may have occurred should be reported in writing to an
appropriate level of management.
D. The accountant is not required to perform procedures designed to detect material misstatements due
to fraud or illegal acts.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. The accountant is not required to specifically assess fraud risk or to perform
procedures designed to detect material misstatements due to fraud or illegal acts.
Choice "B" is incorrect. Inconsequential instance of fraud or illegal acts need not be reported to
management.
Choice "C" is incorrect. The accountant should report to an appropriate level of management any evidence
or information that comes to his or her attention indicating that fraud or an illegal act may have occurred.
Choice "D" is incorrect. Information indicating that fraud or an illegal act may have occurred should be
reported to an appropriate level of management, but it need not be in writing. Oral communication to
management should be documented.

NEW QUESTION: 2
The Total Cost of Ownership (TCO) of a Cloud solution may change and in the worst case increase.
How can this happen?
A. In certain cases the TCO is just not the right measure for calculating relevant costs and expenditures.
B. In some cases only the distribution of different components that add up to the TCO may change.
C. In some cases customers have not acted upon a good business case.
D. In certain cases the TCO is intentionally shortened by lack of vision on future developments.
Answer: B

NEW QUESTION: 3
What standard is the Network Operations OSS functions based on?
A. ITIL.
B. ISO.
C. ITU-T.
D. TAM/SID.
Answer: D

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