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Exam Code: L5M3
Exam Name: Managing Contractual Risk
Vendor: CIPS

60 Questions & Answers
Verified by IT Certification Professionals

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NEW QUESTION: 1
Within Cascade Profiler, how can you create a definition that includes list of tcp ports?
A. Integration->Switch Port Discovery
B. Definitions->Host Groups
C. Definitions->Port Groups
D. Definitions->Applications->Layer-7
E. Definitions->Port Names
Answer: C

NEW QUESTION: 2
Refer to the Exhibit.

Assuming the tag library in the exhibit is imported with the prefix forum, which custom tag invocation procedures a transaction error in a jsp page?
A. <forum:message subject="My Subject">
My message body.
</forum:message>
B. <forum:message from="My Name" subject="${param.subject}">
${param.body}
</forum:message>
C. <forum:message from="My Name" subject="My Subject">
<%= request.getParameter( "body" ) %>
</forum:message>
D. <forum:message from="My Name" subject="My Subject" />
E. <forum:message from="My Name"
subject="<%= request.getParameter( "subject" ) %>">
My message body.
</forum:message>
Answer: C

NEW QUESTION: 3
In using the work of a specialist, an auditor of a nonissuer may refer to the specialist in the auditor's report
if, as a result of the specialist's findings, the auditor:
A. Is able to corroborate another specialist's earlier findings that were consistent with management's
representations.
B. Becomes aware of conditions causing substantial doubt about the entity's ability to continue as a going
concern.
C. Discovers significant deficiencies in the design of the entity's internal control that management does
not correct.
D. Desires to disclose the specialist's findings, which imply that a more thorough audit was performed.
Answer: B
Explanation:
Explanation/Reference:
Explanation
Choice "C" is correct. The auditor may, as a result of the report or findings of the specialist, decide to add
explanatory language to the auditor's standard report or depart from an unqualified opinion. Reference to
and identification of the specialist may be made in the auditor's report if the auditor believes such
reference will facilitate an understanding of the reason for the explanatory paragraph or the departure from
the unqualified opinion.
Choice "B" is incorrect. The auditor should not refer to the work or findings of the specialist unless the
specialist's work results in a change to the auditor's report.
Choice "C" is incorrect. The auditor should not refer to the work or findings of the specialist unless the
specialist's work results in a change to the auditor's report.
Choice "D" is incorrect. The identification of significant deficiencies in the design of the client's internal
control would not result in a change to the auditor's report. The auditor should not refer to the work or
findings of the specialist unless the specialist's work results in a change to the auditor's report.


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