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  • Exam Number/Code LLQP
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NEW QUESTION: 1
Mark Freebairn has prepared an audit report based on the audit of financial statements of Jaguar Plc. Scope paragraph of the report described that 'An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements.'
A qualified report, produced by Mark cannot take the form of a qualification of
A. Both the scope and opinion.
B. The scope alone.
C. None of the opinion and scope.
D. The opinion alone.
Answer: B

NEW QUESTION: 2
A customer allocates a variety of cost elements from many cost centers to others by
distribution cycles. The customer complains about the long duration and runtime. What do you recommend to shorten the runtime? (Choose two)
A. Use an allocation structure within the distribution cycles.
B. Use cycle run groups for parallel processing.
C. Use assessment instead of distribution.
D. Use iteration within the cycles.
Answer: B,C

NEW QUESTION: 3
Which of the following should a trainer perform prior to a training session that will utilize a book that they have not used in the past?
A. Postpone the session
B. Contact the book author requesting changes to the book
C. Search the publishers' website for current errata
D. Request the client to use a known book
Answer: C
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 4



A. Option C
B. Option A
C. Option B
D. Option D
Answer: B

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