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NEW QUESTION: 1

A. No
B. Yes
Answer: B

NEW QUESTION: 2
Which of the following is MOST important for an IS auditor to understand when planning an IS audit?
A. Number of high-risk auditable processes
B. Inherent risk of auditable areas
C. Availability of IS audit resources
D. Management focus on particular operations
Answer: D

NEW QUESTION: 3
A U.S. exporter sells goods to a foreign buyer in U.S. dollars and wants to guarantee that payment is made by the buyer. The exporter would MOST LIKELY require a(n):
A. open account.
B. documentary collection.
C. bankers' acceptance.
D. letter of credit.
Answer: D