KCw and Life - Quiz 4

Which of the following is correct with respect to using the accounts from the Library when setting up the Financial Statements?

• Assertions relevant to the accounts are pre-populated based on the accounts selected from the Library

• Accounts are linked to potential risks of misstatements and related audit responses

• Use of the Library is not required but rather should be used as a guide when setting up the Financial Statements

• Accounts added manually cannot be linked to accounts from the Library.

Which of the following is key to remember when evaluating CERAMIC controls?

• Understand CERAMIC controls and assess their appropriateness based on the entity.

• Not all engagements should evaluate the D&I of CERAMIC controls as part of risk assessment.

• Deficiencies in CERAMIC controls will not impact the planned audit approach.

• You cannot use the GDC in setting up your CERAMIC controls in the KPMG Clara workflow.

Which of the following is NOT a layer of technology?

• Application layer

• Database layer

• Internet layer

• Operating System

What is NOT true about a risk arising from IT (RAFIT)?

• It is a risk that could affect the effective operation of automated control activities.

• It is a risk that could affect the integrity of data and information within an entity’s IT system.

• It is addressed by general IT controls.

• It is addressed by manual and automated control activities

When determining control sample size, 75 occurrences of a control equates to which frequency?

• Monthly

• Weekly

• Daily

• Recurring

Which is the World’s best airport of 2021, voted for by airport customers from across the world during the 2020-2021 World Airport Survey?

• Singapore Changi Airport, Singapore

• Seoul Incheon, South Korea

• Doha Hamad, Qatar

• Tokyo Haneda, Japan

1 October 2021 is the very special date to Walt Disney. What is this date?

• 50th Anniversary

• 45th Anniversary

• 60th Anniversary

• Nothing special

Joe Biden is served as xx President of United Stated?

• 44th

• 45th

• 46th

• 47th

Who is the richest people in the world in 2021 under Forbes announcement?

• Elon Musk

• Jeff Bezos

• Bill Gates

• Bernard Arnault & family

What is the closing price of FPT – listed in HOSE at 7th September 2021?

• VND93,500/share

• VND94,500/share

• VND95,500/share

• VND96,500/share