5.Microsoft Power BI can be used for

a.Data analytics

b.Visualization

c.Finding insights from your data

d.All of the above

6. According to rules issued under the Sarbanes-Oxley Act, which of the following nonaudit services is an accounting firm permitted to provide for an issuer audit client without impairing the accounting firm's independence?

a..Providing an expert opinion in order to advocate the client's interest in litigation.b..Providing an expert opinion in order to advocate the client's position in a regulatory investigation.

c. Providing factual accounts in testimony explaining positions taken during the performance of any services provided to the client.

d..Providing legal services to the client in a foreign jurisdiction.

7. Which of the following factors most likely would heighten an auditor's concern about the risk=of fraudulent financial reporting?

a. The audit committee's approval of the initial selection of accounting principles.

b. A lack of competition in the entity's industry, accompanied by increasing profit margins. c.Management's disclosure of unresolved litigation and contingent liabilities.

d. Year-end adjustments by the entity that significantly affect financial results.

8. Which of the following factors most likely would cause an accountant not to accept an engagement to compile the financial statements of a nonissuer?

a..A lack of segregation of duties in the entity's accounting and payroll departments.

b. Indications that reports of asset misappropriation are not investigated by management.

c..The entity's intention to omit from the financial statements substantially all of the disclosures required by GAAP.

d..Management's acknowledgement that the financial statements will be included in a written personal financial plan

9. The risk that a client's financial statements are susceptible to material misstatements is

a. control risk

b. inherent risk

c. audit risk

d. none of the above

10.A system that stores transactions in a single database, but process them at various sites is referred to as

a. Centralized system.

b. Database management normalization system.

c. Decentralized system.

d. Distributed system