There are still many unknowns with respect to how blockchain will impact the audit and assurance profession, including the speed with which it will do so. Blockchain is already impacting Certified Public Accountant (CPA) auditors of those organizations using blockchain to record transactions and the rate of adoption is expected to continue to increase. However, in the immediate future, blockchain technology will not replace financial reporting and financial statement auditing. Financial statements reflect management assertions, including estimates, many of which cannot be easily summarized or calculated ... Ver mais

     
      There are still many unknowns with respect to how blockchain will impact the audit and assurance profession, including the speed with which it will do so. Blockchain is already impacting Certified Public Accountant (CPA) auditors of those organizations using blockchain to record transactions and the rate of adoption is expected to continue to increase. However, in the immediate future, blockchain technology will not replace financial reporting and financial statement auditing. Financial statements reflect management assertions, including estimates, many of which cannot be easily summarized or calculated... Ver mais

The word “unlikely” in “A blockchain is unlikely to replace these judgments” (2nd paragraph) implies

     
      There are still many unknowns with respect to how blockchain will impact the audit and assurance profession, including the speed with which it will do so. Blockchain is already impacting Certified Public Accountant (CPA) auditors of those organizations using blockchain to record transactions and the rate of adoption is expected to continue to increase. However, in the immediate future, blockchain technology will not replace financial reporting and financial statement auditing. Financial statements reflect management assertions, including estimates, many of which cannot be easily summarized or calculated ... Ver mais

     
      There are still many unknowns with respect to how blockchain will impact the audit and assurance profession, including the speed with which it will do so. Blockchain is already impacting Certified Public Accountant (CPA) auditors of those organizations using blockchain to record transactions and the rate of adoption is expected to continue to increase. However, in the immediate future, blockchain technology will not replace financial reporting and financial statement auditing. Financial statements reflect management assertions, including estimates, many of which cannot be easily summarized or calculated... Ver mais

When the author argues that “the process of an independent audit of financial statements enhances the trust that is crucial for the effective functioning of the capital markets system” (2nd paragraph), he implies this trust is

Read the text 1 to answer question.
Text 1

Worldwide changes in food and eating habits
American fast food has certainly affected Korea. You can find American fast food restaurants everywhere and many young people don’t appreciate traditional Korean food anymore. Koreans are now using western ingredients such as ketchup, mayonnaise and butter to cook regular meals. Salad dressing, something we never used before, is also popular now.
The problem is that American companies sell their food along with American culture. Manners in restaurants are not the same before. I can give you two examples of this. Traditionally Koreans don’t use individual plates for eating main dishes. We have always eaten from one bowl, but now some people think that this habit is unsanitary.
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Read the text 1 to answer question.
Text 1

Worldwide changes in food and eating habits
American fast food has certainly affected Korea. You can find American fast food restaurants everywhere and many young people don’t appreciate traditional Korean food anymore. Koreans are now using western ingredients such as ketchup, mayonnaise and butter to cook regular meals. Salad dressing, something we never used before, is also popular now.
The problem is that American companies sell their food along with American culture. Manners in restaurants are not the same before. I can give you two examples of this. Traditionally Koreans don’t use individual plates for eating main dishes. We have always eaten from one bowl, but now some people think that this habit is unsanitary.
Tip... Ver mais

Read the text 1 to answer question.
Text 1

Worldwide changes in food and eating habits
American fast food has certainly affected Korea. You can find American fast food restaurants everywhere and many young people don’t appreciate traditional Korean food anymore. Koreans are now using western ingredients such as ketchup, mayonnaise and butter to cook regular meals. Salad dressing, something we never used before, is also popular now.
The problem is that American companies sell their food along with American culture. Manners in restaurants are not the same before. I can give you two examples of this. Traditionally Koreans don’t use individual plates for eating main dishes. We have always eaten from one bowl, but now some people think that this habit is unsanitary.
Tip... Ver mais

Text 4 (for questions 42, 43, 44, 45, and 46)

                                                             

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Going into the small room at the end of the corridor, Roberta sat down _______ 1 the computer. It was the computer she had bought when her old one’s hard disk had started to go wrong. Her new computer was a laptop with a lot of extra ... Ver mais