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NEW QUESTION: 1
When an independent CPA assists in preparing the financial statements of a publicly held entity, but has
not audited or reviewed them, the CPA should issue a disclaimer of opinion. In such situations, the CPA
has no responsibility to apply any procedures beyond:
A. Reading the financial statements for obvious material misstatements.
B. Ascertaining whether the financial statements are in conformity with GAAP.
C. Documenting that internal control is not being relied on.
D. Determining whether management has elected to omit substantially all required disclosures.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. The accountant is only required to read the financial statements for obvious material
misstatements.
Choice "B" is incorrect. The accountant need not document that internal control is not being relied on.
Choices "C" and "D" are incorrect. The accountant is not required to evaluate conformity with GAAP, but
any known departures (including inadequate disclosure) should be described in the disclaimer.

NEW QUESTION: 2

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

NEW QUESTION: 3
Which of the following best defines what is meant by Network Slice isolation?
A. Resource + Security isolation
B. Security + Cloud isolation
C. Resource + Traffic isolation
D. Transport + Cloud isolation
Answer: A