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Which of the following is an ethical risk?
You have just been employed as a management accountant in a small business with an annual turnover of $0.5 million. You have a wide range of duties because the business is small. Which of the following is an ethical risk?A . Being asked to buy very small gifts for key...
Which THREE of the following are advantages provided by NCM?
ZZ is a data security company that is responsible for cyber security m a large shopping mall 21 uses Network Configuration Management (NCM) to assist it in meeting the various needs of the mall's user community. Which THREE of the following are advantages provided by NCM?A . NCM allows ZZ...
Which THREE of the following are characteristics of a Firewall?
A Firewall is an element of a company's Information Technology infrastructure. Which THREE of the following are characteristics of a Firewall?A . A Firewall determines the boundary of the "Trusted" components of the company's Information Technology infrastructure.B . A Firewall protects sensitive data against accidental or malicious damage.C . A...
How should the finding from this post completion audit be interpreted?
YGH has recently completed a post completion audit on a five year contract that has only recently come to a conclusion. The main finding was that the project delivered most of the expected benefits, but that it cost significantly more to implement than had been anticipated at the project appraisal...
Which of the following is true of an STIR?
Zia is an accountant and wishes to take out a Forward Rate Agreement (FRA) as a hedging instrument. The company treasurer has advised that a short-term interest rate (STIR) future would be better. Which of the following is true of an STIR?A . A STIR can be tailored to the...
Which of the following statements are valid?
H Ltd is a logistics company which is likely to be seeking a Stock Exchange listing shortly. The directors wish to strengthen the company's internal controls. Which of the following statements are valid?A . The Board should take direct responsibility itself for all organisational control and avoid delegating.B . The...
Which of the following matters should normally be dealt with by SDF's audit committee?
SDF is a quoted company. Which of the following matters should normally be dealt with by SDF's audit committee?A . The external auditor has requested a higher fee than normal for the forthcoming financial year because new legislation will require additional audit work.B . The Head of Internal Audit is...
Which TWO of the following statements are correct?
DRF is a manufacturing company The internal auditor is conducting an investigation into the operation of the payroll system and has discovered a compliance error The Head of Human Resources (HR) is required to add any new names to the payroll, using a specific computer password The Head of HR...
Which of the following are the Committee of Sponsoring Organisations (COSO) key principles of enterprise risk management? Select ALL that apply.
Which of the following are the Committee of Sponsoring Organisations (COSO) key principles of enterprise risk management? Select ALL that apply.A . Consideration of the main risk only which is financial riskB . The creation of a risk aware cultureC . Risk management is the responsibility of the risk committeeD...
Which of the following best explains the relevance of quantifying the risk in that way?
An electricity company owns and operates a nuclear power station located ten miles from a large city. A recent and very extensive engineering examination of the power station concludes with the estimate that the probability of a major nuclear disaster within the next 20 years is 0.2%. Which of the...
