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NEW QUESTION: 1
Several sources of GAAP consulted by an auditor are in conflict as to the application of an accounting
principle. Which of the following should the auditor consider the most authoritative?
A. AICPA Technical Practice Aids.
B. FASB Technical Bulletins.
C. AICPA Accounting Interpretations.
D. FASB Statements of Financial Accounting Concepts.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. In accordance with the GAAP hierarchy, FASB Technical Bulletins are considered
the most authoritative of the sources listed in the question.
Choice "B" is incorrect. Of the sources listed, AICPA Accounting Interpretations would be considered the
second most authoritative.
Choice "C" is incorrect. FASB Statements of Financial Accounting Concepts are among the least
authoritative sources of GAAP available to auditors.
Choice "D" is incorrect. AICPA Technical Practice Aids are among the least authoritative sources of GAAP
available to auditors.
NEW QUESTION: 2
You are building a mobile app for consumers to post cat pictures online. You will be storing the images in
AWS S3. You want to run the system very cheaply and simply. Which one of these options allows you to
build a photo sharing application with the right authentication/authorization implementation.
A. Use JWT or SAML compliant systems to build authorization policies. Users log in with a username and
password, and are given a token they can use indefinitely to make calls against the photo infrastructure.
C Use AWS API Gateway with a constantly rotating API Key to allow access from the client-side.
Construct a custom build of the SDK and include S3 access in it.
B. Create an AWS oAuth Service Domain ad grant public signup and access to the domain. During setup,
add at least one major social media site as a trusted Identity Provider for users.
C. Build the application out using AWS Cognito and web identity federation to allow users to log in using
Facebook or Google Accounts. Once they are logged in, the secret token passed to that user is used to
directly access resources on AWS, like AWS S3.
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