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NEW QUESTION: 1
An auditor may report on condensed financial statements that are derived from complete financial
statements if the:
A. Condensed financial statements are distributed to stockholders along with the complete financial
statements.
B. Auditor indicates whether the information in the condensed financial statements is fairly stated in all
material respects in relation to the complete financial statements from which it has been derived.
C. Auditor describes the additional procedures performed on the condensed financial statements.
D. Condensed financial statements are presented in comparative form with the prior year's condensed
financial statements.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. An auditor may report on condensed financial statements that are derived from
financial statements that he or she has audited, indicating (1) that he or she has audited and expressed an
opinion on the complete financial statements, (2) the date of the auditor's report, (3) the type of opinion
expressed, and (4) that the information contained in the condensed financial statements is fairly stated in
all material respects in relation to the complete financial statements from which it has been derived.
Choice "A" is incorrect. The condensed financial statements do not have to be distributed to the
stockholders.
Choice "B" is incorrect. The audit report on condensed financial statements does not require that additional
procedures be described.
Choice "D" is incorrect. Condensed financial statements do not need to be presented in comparative form
with the prior year's financial statements.

NEW QUESTION: 2
Which two are types of network virtualization? (Choose two.)
A. VCI. virtual channel identifier
B. VLSM: variable length subnet masking
C. VM: virtual machine
D. VMP: Virtual Memory Pool
E. VRF. virtual routing and forwarding
F. VSS: Virtual Switching System
Answer: E,F
Explanation:
Network virtualization encompasses logical isolated network segments that share the same physical infrastructure. Each segment operates independently and is logically separate from the other segments. Each network segment appears with its own privacy, security, independent set of policies, QoS levels, and independent routing paths. Here are some examples of network virtualization technologies:
VLAN: Virtual local-area network VSAN: Virtual storage-area network VRF: Virtual routing and forwarding VPN: Virtual private network vPC: Virtual Port Channel

NEW QUESTION: 3

A. Option C
B. Option D
C. Option A
D. Option B
Answer: C