CTFL4 Practice Questions

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NEW QUESTION: 1
If the RFA indicator on a board of the U1900 is on, ().
A. The Rx of the peer device is faulty.
B. The peer device works properly.
C. The Tx of the peer device is faulty.
Answer: A

NEW QUESTION: 2
The chief audit executive needs to revise the internal audit activity's (IAA) charter. The revision must address the element of authority. Which of the following statements meets this requirement?
A. The IAA shall be granted access to all records relevant to the performance of its duties.
B. Following its assessment, the IAA shall recommend risk control processes and resource management strategies.
C. The IAA shall deliver an initial report of its findings to the organization's board within 120 days of the beginning of the engagement.
D. The IAA shall identify and assess all potential risks to the operations of the organization.
Answer: A

NEW QUESTION: 3
You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US (West), the UK, and France.
The chart of accounts and accounting calendar are similar for all entities except France. Only the UK operations want to enable average balances and journal approvals.
What would be the minimum number of setups needed to meet this need?
A. two
B. one
C. three
D. four
Answer: C