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NEW QUESTION: 1
How can you post accruals?
Note: There are 3 correct answers to this question.
Response:
A. Use the recurring entry program.
B. Run the depreciation program.
C. Reclassify the receivables and payables.
D. Execute the periodic accrual run.
E. Post manually at the end of a period, quarter, or year.
Answer: A,D,E

NEW QUESTION: 2

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

NEW QUESTION: 3
Which type of audit report is considered a "restricted use" report for its intended audience?
A. SOC Type 1
B. SSAE-16
C. SOC Type 2
D. SAS-70
Answer: A
Explanation:
SOC Type 1 reports are considered "restricted use" reports. They are intended for management and stakeholders of an organization, clients of the service organization, and auditors of the organization. They are not intended for release beyond those audiences.