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NEW QUESTION 42
The principle behind full disclosure is:

A. Any material deviation from GAAP must be explained to writer of the financial information.B. Any material deviation from SAS must be explained to the writer oh the financial information.C. None of aboveD. Any material deviation from GAAP must be explained to the reader of the financial information.

Answer: D

 

NEW QUESTION 43
Which of the following is the MOST ACCURATE statement about the different types of malware?

A. Spyware is software that collects and reports information about a computer user without the user's knowledge or consent.B. A Trojan horse is a software program that, while not definitely malicious, monitors and logs the keys pressed on a system's keyboard.C. A worm is a type of software that, while not definitely malicious, has a suspicious or potentially unwanted aspect to it.D. Ransomware is a malicious self-replicating computer program that penetrates operating systems to spread malicious code to other computers.

Answer: A

Explanation:
Explanation/Reference: https://www.techtarget.com/searchsecurity/definition/spyware#:~:text=Spyware%20is%20a%20type%20of,data%20firms%20or%20external%20users

 

NEW QUESTION 44
Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor's side of the transaction who is not making an illicit payment.

A. TrueB. False

Answer: B

 

NEW QUESTION 45
______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

Answer:

Explanation:
Inventory control

 

NEW QUESTION 46
When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:

A. Out-of-balanceB. None of allC. False balanceD. Forced Balance

Answer: D

 

NEW QUESTION 47
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