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NEW QUESTION: 1
Essen Co's policy is to value inventory using the periodic weighted average method. When
the financial statements were drafted, First-in, First-out (FIFO) was incorrectly used to value the closing inventory. During the period the cost of items held in inventory has fallen.
What is the effect of this error on the valuation of closing inventory and profit?
A. Inventory value = Overstated, Profit = Overstated
B. Inventory value = Understated, Profit = Overstated
C. Inventory value = Understated, Profit = Understated
D. Inventory value = Overstated, Profit = Understated
Answer: C

NEW QUESTION: 2
Which three are functional areas of Oracle Configuration and Compliance? (Choose three.)
A. Execution of REST based cloud rules against cloud provider endpoints
B. Execution and scoring of custom scripts or processes
C. Results consumption and scoring of automated industry-standard benchmarks
D. Rapid detection, investigation and remediation of the broadcast range of security threats
E. Proactive monitoring of issues, troubleshooting and resolving them before they impact end user
Answer: A,B,C

NEW QUESTION: 3
Reviewing internal audit report drafts with clients is:
1.Required according to the Standards.
2.A form of courtesy.
3.Ethically mandated.
4.A form of validation.
A. 2 and 4 only
B. 1 and 2 only
C. 2 and 3 only
D. 3 and 4 only
Answer: A

NEW QUESTION: 4
The performance template is configured in such a way that the Performance Rating given by the manager against a content item is going to update the worker's profile. Which two statements are true?
A. The Job (Model) Profile for the worker can also be updated.
B. The Instance Qualifier for the update will be "Reviewer ID"
C. Rating an item can be made mandatory.
D. The Instance Qualifier for the update will be "Supervisor".
Answer: C,D