KCw and Life - Quiz 2

Which of the following engagement profile selections can be changed after it has been selected and saved during engagement setup?

• Auditing standard

• Financial reporting framework

• Mapping of accounts and disclosures

• Minimum review requirements

Which risk of misstatement (RM) is NOT included in the KPMG Clara workflow?

• RMs that apply to your engagement for the current period

• RMs that were applicable in the prior year and are no longer material in the current year

• RMs for an estimate that was an RMM in the prior period

Which of the following is NOT an item that can be identified and added to the KPMG Clara workflow through completing management inquiries?

• Risk of misstatement (RM)

• Financial statement level risk (FSLR)

• Fraud Risk Factor

• Substantive Procedure

Which of the following is NOT a key benefit to utilizing Account Analysis capabilities?

• Highlights unexpected account pairings to help you identify potential risks

• Serves as the primary tool when analyzing or testing ‘high risk’ journal entries

• Helps us understand processes and shows the flow of transactions between accounts

• Facilitates client conversations as you can get insight into their data

Which of the following is NOT a type of RAFIT?

• Access to programs and data

• Program changes

• Cybersecurity

• Computer Operations

According to the Henley Passport Index released in July 2021, how many countries offer visa-free for Singapore passport?

• 190

• 191

• 192

• 193

If 1/1/2024 is Wednesday, 1/1/2025 is ?

• Tuesday

• Wednesday

• Thursday

• Friday

KPMG is stand for

• Klynjeld - Peat - Marwick - Goerdeler

• Klynveld - Peat - Marwick - Goerdeler

• Klynveld - Peat - Marwicd - Goerdeler

• Klynveld - Peat - Marwick - Goerdeles

How many people are there in this picture?

• 40

• 41

• 42

• 43

Which country has the 3rd largest number of billionaires in the world?

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