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NEW QUESTION: 1

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

NEW QUESTION: 2
Reporting to senior management and the board is an important part of the auditor's obligation.
Which of the following items is not required to be reported to senior management and/or the board?
A. An audit plan was approved by senior management and the board. Subsequent to the approval, senior management informed the audit director not to perform an audit of a division because the division's activities were very sensitive.
B. Significant interim changes to the approved audit work schedule and financial budget.
C. Subsequent to the completion of an audit, but prior to the issuance of an audit report, the audit senior in charge of the audit was offered a permanent position in the auditee's department.
D. An annual report summary of the department's audit work schedule and financial budget.
Answer: C

NEW QUESTION: 3
Giovanni DiPaglia is VP of strategic planning for Megaquistion Holdings, a global conglomerate active in the mergers and acquisition market. DiPaglia is looking to invest in a new portfolio company for Megaquistion, and has selected Temptytarg, Inc. as a potential candidate. He has gathered the following information for Temptytarg, Inc.
Price/Book Value (P/BV) for Temptytarg is closest to:
A. 2.0.
B. 1.1.
C. 1.5.
Answer: A