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NEW QUESTION: 1

A. Option B
B. Option A
Answer: B

NEW QUESTION: 2
You are a credit and collections manager. You receive a check of 20,000 USD from a customer against overdue invoices. However, the bank informs you that the customer funds do not exist, and the check does not clear.
You need to cancel the payment and charge the customer for this occurrence.
What should you do?
A. Waive, reinstate, or reverse interest and fees.
B. Create write-off transactions.
C. Set up interest adjustments.
D. Process non-sufficient funds (NSF) payments.
Answer: D
Explanation:
Explanation/Reference:
References:
https://technet.microsoft.com/en-us/library/aa634902.aspx

NEW QUESTION: 3
A legacy application is running on an operating system that is no longer supported by the vendor. If the organization continues to use the current application, which of the following should be the IS auditor's GREATEST concern?
A. Increased cost of maintaining the system
B. Potential exploitation of zero-day vulnerabilities in the system
C. Inability to use the operating system due to potential license issues
D. Inability to update the legacy application database
Answer: C