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NEW QUESTION: 1
During consideration of internal control in a financial statement audit, an auditor is not obligated to:
A. Determine whether the control activities relevant to audit planning have been implemented.
B. Search for all significant deficiencies in the operation of internal control.
C. Understand the internal control environment and the accounting system.
D. Perform procedures to understand the design of internal control.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. During consideration of internal control in a financial statement audit, an auditor is
not obligated to search for all significant deficiencies in the operation of internal control, but should
communicate any such situations noted to management and those charged with governance.
Choice "B" is incorrect. The auditor is required to obtain an understanding of each of the five components
of internal control, including the control environment and the (accounting) information system.
Choices "C" and "D" are incorrect. As part of planning, the auditor is required to obtain an understanding of
the design of relevant controls and to determine whether they have been implemented.

NEW QUESTION: 2
Sometimes, internal audit staff may partner with operating managers to rank risks. Which of the following outcomes may be the most beneficial aspects of this strategy?
1. Reappraising risks levels.
2. Providing accurate information to management.
3. Marketing the internal audit activity.
4. Planning safeguards for assets in high-risk areas.
A. 1 and 3.
B. 3 and 4.
C. 1 and 2.
D. 2 and 3.
Answer: A

NEW QUESTION: 3
You have a server named Server1 that runs Windows Server 2016. Server1 is a Hyper-V host that hosts a virtual machine named VM1.
Server1 has three network adapter cards that are connected to virtual switches named vSwitch1, vSwitch2 and vSwitch3.
You configure NIC Teaming on VM1 as shown in the exhibit. (Click the Exhibit button.)

You need to ensure that VM1 will retain access to the network if a physical network adapter card fails on Server1.
What should you do?
A. From Windows PowerShell on Server1, run the Set-VmSwitch cmdlet.
B. From Hyper-V Manager on Server1, modify the settings of VM1.
C. From Windows PowerShell on VM1, run theSet-VmNetworkAdapterTeamMapping cmdlet.
D. From Windows PowerShell on Server1, run the Set-VmNetworkAdapterFailoverConfiguration cmdlet.
Answer: B
Explanation:
Explanation
You can configure NIC teaming in the Guest OS; however, before NIC teaming will work in a virtual machine, you need to enable NIC teaming in the Advanced Features section of the VM settings.