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F3

Exam Code: F3

Exam Name: F3 Financial Strategy

Version: V22.75

Q & A: 580 Questions and Answers

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NEW QUESTION: 1
Select the statements that were mentioned as problems with DTDs when the XML Schema was instituted.
A. DTDs have not yet been recommended by the W3C .
B. DTDs do not comply with XML syntax rules.
C. In a DTD, it is not possible to specify an explicit numerical data type.
D. In a DTD, Unicode cannot be used. W Courier Newlr Z
Answer: B,C

NEW QUESTION: 2
During an incident response, a security analyst observes the following log entry on the web server.

Which of the following BEST describes the type of attack the analyst is experience?
A. Directory traversal
B. Cross-site scripting
C. SQL injection
D. Pass-the-hash
Answer: B

NEW QUESTION: 3
Which of the following is a true statement regarding documentation requirements for analytical
procedures?
A. When an analytical procedure is used as the principal substantive test of a significant financial
statement assertion, the auditor is required to document his or her expectation and management's
concurrence with that expectation.
B. When an analytical procedure is used during the overall review stage of the audit, the auditor is
required to document the auditor's expectation and any additional procedures performed to investigate
significant unexplained differences.
C. When an analytical procedure is used as the principal substantive test of a significant financial
statement assertion, the auditor is required to document the reasons analytical procedures were
performed instead of tests of details.
D. When an analytical procedure is used as the principal substantive test of a significant financial
statement assertion, the auditor is required to document both the auditor's expectation and the factors
considered in developing that expectation.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. When an analytical procedure is used as the principal substantive test of a
significant financial statement assertion, the auditor is required to document both the auditor's expectation
and the factors considered in developing that expectation.
Choice "A" is incorrect. There is no requirement that the auditor document the reasons analytical
procedures were performed instead of tests of details.
Choice "B" is incorrect. There is no requirement that the auditor document management's concurrence
with the expectation.
Choice "C" is incorrect. When an analytical procedure is performed during the overall review stage, there
are no specific documentation requirements. The requirement that the auditor document the expectation
and any additional procedures performed to investigate significant unexplained differences relates to
analytical procedures performed as principal substantive tests.

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