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NEW QUESTION: 1
Snow, CPA, was engaged by Master Co., a nonissuer, to examine and report on management's written
assertion about the effectiveness of Master's internal control over financial reporting. Snow's report should
state that:
A. The purpose of the engagement is to enable Snow to plan an audit and determine the nature, timing,
and extent of tests to be performed.
B. The results of Snow's tests will form the basis for Snow's opinion on the fairness of Master's financial
statements in conformity with GAAP.
C. Management's assertion is based on criteria established by the American Institute of Certified Public
Accountants.
D. Because of inherent limitations of any internal control, errors or fraud may occur and not be detected.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. The practitioner's report should include a paragraph stating that because of the
inherent limitations of any internal control, errors and fraud may occur and not be detected.
Choice "B" is incorrect. The examination is performed in accordance with standards established by the
AICPA, but management's assertion may be based on criteria established by some other recognized
body.
Choice "C" is incorrect. An examination (an attestation engagement) of management's assertion on the
effectiveness of an entity's internal control over financial reporting does not provide a sufficient basis for an
opinion on the fairness of the financial statements.
Choice "D" is incorrect. An examination of management's assertion on the effectiveness of an entity's
internal control over financial reporting is performed solely to report on that assertion, and not to plan an
audit.
NEW QUESTION: 2
Which three statements about HSRP operation are true? (Choose three.)
A. HSRP supports only clear-text authentication.
B. The HSRP virtual IP address must be the same as one of the router's interface addresses on the LAN.
C. The virtual IP address and virtual MA+K44C address are active on the HSRP Master router.
D. HSRP supports up to 255 groups per interface, enabling an administrative form of load balancing.
E. The HSRP default timers are a 3 second hello interval and a 10 second dead interval.
F. The HSRP virtual IP address must be on a different subnet than the routers' interfaces on the same LAN.
Answer: C,D,E
Explanation:
The virtual MAC address of HSRP version 1 is 0000.0C07.ACxx, where xx is the HSRP group number in hexadecimal based on the respective interface. For example, HSRP group 10 uses the HSRP virtual MAC address of 0000.0C07.AC0A. HSRP version 2 uses a virtual MAC address of 0000.0C9F.FXXX (XXX: HSRP group in hexadecimal)
All routers in a HSRP group send hello packets. By default, the hello timer is set to 3 seconds and the dead interval is 10 seconds. The range for HSRP version 1 is from 0 to
255. The range is for HSRP version 2 is from 0 to 4095. The default value is 0. For this question, it is assumed that Cisco is referring to HSRP version 1 as the other options are not correct.
NEW QUESTION: 3
A. Option D
B. Option E
C. Option C
D. Option B
E. Option A
Answer: C
Explanation:
Explanation
Only a router can terminate a leased line attachment access circuit, and only a router can connect two different IP networks. Here, we will need a router with two interfaces, one serial connection for the line attachment and one Ethernet interface to connect to the switch on the LAN.
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