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NEW QUESTION: 1
To promote a positive image within an organization, a chief audit executive (CAE) adjusted the audit plan to focus on assurance engagements that highlighted potential costs to be saved. Negative observations were to be omitted from engagement final communications. Which action taken by the CAE would be considered a violation of the Standards?
I. The focus of the audit function was changed without modifying the audit charter or notifying the audit committee.
II. Negative observations were omitted from the engagement final communications.
III. Cost savings and recommendations were highlighted in the engagement final communications.
A. I, II, and III.
B. II only
C. I and III only
D. I and II only
Answer: D

NEW QUESTION: 2
After having to pay increased income taxes this year, Edmond has to sell his BMW. Edmond bought the
car for $49,000, but he sold it for a 20% loss. What did Edmond sell the car for?
A. $35,600
B. $28,900
C. $39,200
D. $24,200
E. $37,300
Answer: C

NEW QUESTION: 3

A. Option B
B. Option D
C. Option A
D. Option C
Answer: C