CFPE Practice Questions

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NEW QUESTION: 1
Match the Azure service to the correct definition.
Instructions: To answer, drag the appropriate Azure service from the column on the left to its description on the right. Each service may be used once, more than once, or not at all.
NOTE: Each correct match is worth one point.

Answer:
Explanation:

Explanation

Section: Understand Core Azure Services

NEW QUESTION: 2
Negative assurance may be expressed when an accountant is requested to report on the:
A. Compilation of prospective financial statements.
B. Compliance with the provisions of the Foreign Corrupt Practices Act.
C. Audit of historical financial statements.
D. Results of performing a review of management's assertion.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. Negative assurance may be expressed when an accountant is requested to report
on the results of performing a review of management's assertion.
Choice "A" is incorrect. No assurance is provided in a compilation of prospective financial statements.
Choice "B" is incorrect. Whether an entity is in compliance with the provisions of the Foreign Corrupt
Practices Act is a legal determination. An accountant may perform an examination or an agreed-upon
procedures engagement with respect to such compliance but may not perform a review, and therefore
would not express negative assurance.
Choice "D" is incorrect. When reporting on an audit of historical financial statements, negative assurance
is not an appropriate reporting option. The auditor must either express an opinion (positive assurance) or
disclaim an opinion (no assurance).

NEW QUESTION: 3
Customers using classic General Ledger Accounting can use RFBILAOO to create a financial statement at which organization levels? Choose the correct answers. 2
A. Business area level
B. Company area level
C. Client level
D. Segment level
Answer: A,B