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NEW QUESTION: 1
An IS auditor issues an audit report pointing out the lack of firewall protection features at the perimeter network gateway and recommends a vendor product to address this vulnerability. The IS auditor has failed to exercise:
A. technical competence.
B. professional independence
C. organizational independence.
D. professional competence.
Answer: B
Explanation:
When an IS auditor recommends a specific vendor, they compromise professional independence. Organizational independence has no relevance to the content of an audit report and should be considered at the time of accepting the engagement. Technical and professional competence is not relevant to the requirement of independence.

NEW QUESTION: 2
Which of the following actions will enable a company to raise additional equity capital (that is, which of the following will raise the total book value of equity)?
A. The establishment of an open-market purchase dividend reinvestment plan.
B. The establishment of a new-stock dividend reinvestment plan.
C. All of these answers are correct.
D. A stock repurchase.
E. A stock split.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The new stock type of dividend reinvestment plan invests the dividends in newly issued stock, hence these plans raise new capital for the firm.

NEW QUESTION: 3
You are processing a vendor payment. You attempt to print a check from Microsoft Dynamics AX 2012. Due to printer issues, the check is damaged and the journal is not yet posted.
You need to cancel the check.
What should you do?
A. On the Bank accounts form, use the Delete checks functionality, and delete the check.
B. On the Transactions form, use the Reverse transactions functionality, and post a transaction reversal.
C. On the Payment journal form, use the Payment status functionality, and set the status as Rejected
D. On the Checks form, use the Payment reversals functionality, and post the check reversal journal.
Answer: C