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2016-FRR Exam Simulator
  • Exam Code: 2016-FRR
  • Exam Name: Financial Risk and Regulation (FRR) Series
  • Version: V12.35
  • Q & A: 40 Questions and Answers
  • GARP 2016-FRR Q&A - in .pdf

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NEW QUESTION: 1
What is the recommended procedure for an Administrator to add a new dynamic attribute to a
Notification Template?
Please choose the correct answer.
Response:
A. Copy and Paste a Syntax Tag from any other template
B. Select an existing Syntax Tag from a list
C. Add a new Syntax Tag to the Notification Template
D. Add a new Syntax Tag to the Notification Syntax ID
Answer: C

NEW QUESTION: 2
Given the code fragment:

What is the result?

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

NEW QUESTION: 3
Which of the following procedures would an auditor least likely perform in planning a financial statement
audit?
A. Selecting a sample of vendors' invoices for comparison to receiving reports.
B. Reading the current year's interim financial statements.
C. Coordinating the assistance of entity personnel in data preparation.
D. Discussing matters that may affect the audit with firm personnel responsible for non-audit services to
the entity.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. Selecting a sample of vendors' invoices for comparison to receiving reports is
performed during fieldwork. This is not part of the planning phase.
Choice "A" is incorrect. Coordinating the assistance of entity personnel in data preparation is usually
performed during the planning phase.
Choice "B" is incorrect. During the planning phase, matters that may affect the audit should be discussed
with firm personnel responsible for non-audit services to the entity.
Choice "D" is incorrect. During the planning phase, the auditor generally would read the current year's
interim financial statements.

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