Competence as an independent auditor includes all of the following EXCEPT
a. Having the technical qualifications to perform an engagement
b. Possessing the ability to supervise assistants
c. Warranting the infallibility of the work performed
d. Consulting others if additional technical information is needed
Ans: c. Warranting the infallibility of the work performed
Business
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When a bank acts as an agent of another bank, especially in carrying a deposit balance for the latter, then that bank will be referred to as a ________
A. commercial bank B. central bank C. reserve bank D. correspondent bank
Business
If a 1:M relationship is mandatory on the M side and optional on the 1 side, and if the table resulting from the 1 side has 3 records, then the table resulting from the M side cannot have less than ________ records
A) 0 B) 1 C) 2 D) 3
Business