Contract remedies provided as exclusive will not preclude Code remedies if circumstances cause the remedy to fail in its essential purpose

AU-C 500 describes five generalizations about the reliability of evidence. The situations given below indicate the relative degrees of assurance provided by two types of evidence obtained in different situations. Which describes an exception to one of the generalizations?

a. The auditor has obtained greater assurance about the balance of sales at Plant A, where (s)he has made limited test of details because of effective internal control, than at Plant B, where (s)he has made extensive tests of details because of ineffective internal control b. The auditor's computation of interest payable on outstanding bonds provides greater assurance than reliance on the client's calculation c. The report of an auditor's specialist regarding the valuation of a collection of paintings held as an investment provides greater assurance than the auditor's physical observation of the paintings d. The schedule of insurance coverage obtained from the company's insurance agent provides greater assurance than one prepared by the internal audit staff

As a presentation strategy, which of the following makes the most sense for XFormation sales representatives to follow?

A) Understand all the training products they sell and how to customize a package for the customer. B) Examine how they can add value for customers so the customers will continue to contract with XFormation on a long-term basis. C) Rehearse the standardized presentation so extensively that it is smooth and flawless, and any prospect would buy from the salesperson. D) Give a presentation to the customer after planning out the objectives carefully ahead of time. E) Understand the customer's needs and what and how they need to buy.