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NEW QUESTION: 1
Click on the Exhibit Button to view the Formula Sheet. The one-month (31-day) GC repo rate for French government bonds is quoted to you at 3.75-80%. As collateral, you are offered EUR25 million nominal of the 5.5% OAT April 2006, which is worth EUR 28,137,500. If you impose an initial margin of 1%, the Repurchase Price is:
A. EUR 27,947,276.43
B. EUR 27,950,071.43
C. EUR 27,948,871.97
D. EUR 27,946,077.08
Answer: C

NEW QUESTION: 2
The most likely explanation why the auditor's examination cannot reasonably be expected to bring all
illegal acts by the client to the auditor's attention is that:
A. Illegal acts are perpetrated by management override of internal accounting controls.
B. Illegal acts by clients often relate to operating aspects rather than accounting aspects.
C. Illegal acts may be perpetrated by the only person in the client's organization with access to both
assets and the accounting records.
D. The client's system of internal accounting control may be so strong that the auditor performs only
minimal substantive testing.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. The audit should be designed to identify material misstatements due to illegal acts,
but illegal acts that relate to operating aspects rather than accounting aspects may not directly affect the
financial statements, and therefore they may be less likely to be discovered by the auditor.
Choice "A" is incorrect. The audit should be designed to identify material misstatements due to illegal acts,
even if they are caused by management override of (its own) internal control.
Choice "C" is incorrect. The audit should be designed to identify material misstatements due to illegal acts,
even when minimal substantive testing is performed by the auditor due to a very strong system of internal
control.
Choice "D" is incorrect. The audit should be designed to identify material misstatements due to illegal acts,
even when those illegal acts were perpetrated by the only person with access to both assets and the
accounting records.

NEW QUESTION: 3
You have the following two queries in Power BI Desktop:
* A Query named Query 1 that retrieves a table named SM8_ Customers from a Microsoft SQL Server database
* A query named Query2 that retrieves a table named Enterprise, Customers from an Oracle database Both tables have the same columns.
You need to combine the data from SMB_Customers and Enterprise_Customers.
Which command should you use?
A. Merge Columns
B. Append Queries
C. Combine Files
D. Merge Queries
Answer: D