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Exam Code: 250-615
Exam Name: Symantec Edge SWG R3 Technical Specialist
Version: V22.75
Q & A: 580 Questions and Answers
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NEW QUESTION: 1
An auditor is considering whether the omission of a substantive procedure considered necessary at the
time of an audit may impair the auditor's present ability to support the previously expressed opinion. The
auditor need not apply the omitted procedure if the:
A. Results of other procedures that were applied tend to compensate for the procedure omitted.
B. Omission is due to unreasonable delays by client personnel in providing data on a timely basis.
C. Financial statements and auditor's report were not distributed beyond management and the board of
directors.
D. Auditor's previously expressed opinion was qualified because of a departure from GAAP.
Answer: A
Explanation:
Explanation/Reference:
Explanation
Choice "C" is correct. When the auditor concludes that an auditing procedure considered necessary at the
time of the audit was omitted, the auditor should assess the importance of the procedure to the present
ability to support the previously issued opinion. The results of other procedures that were applied may tend
to compensate for the one omitted or make its omission less important.
Choice "A" is incorrect. If a procedure has been omitted, the auditor must consider whether other parties
may be relying on the financial statements, even if the audit report had limited distribution.
Choice "B" is incorrect. The fact that the previous opinion was qualified does not negate the need to apply
the omitted procedure.
Choice "D" is incorrect. Delays by client personnel may extend audit work, but do not provide a reason for
omitting a procedure.
NEW QUESTION: 2
Section C (4 Mark)
Belstate reported net income of Rs221 million in 1993 on revenues of Rs8298 million. It paid out 31% of its earnings as dividends, a payout ratio that is expected to remain level from 1994 to 1998, during which period earnings growth is expected to be 13.5%. After 1998, earnings growth is expected to decline to 6%, and the dividend payout ratio is expected to increase to 60%. The beta is 1.15 and this figure is expected to remain unchanged. The treasury bill rate is 7%.
Estimate the price/sales ratio for Walgreens, assuming its profit margin remains unchanged at 1993 levels.
A. 0.52
B. 0.275
C. 0.35
D. 0.25
Answer: B
NEW QUESTION: 3
Which two registration modes are available for Android Enterprise (commonly referred to as Android for Work) endpoints? (Choose two.)
A. Work Company
B. Work Supervised
C. Work Managed
D. Work Corporate
E. Work profile
Answer: C,E
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