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Which of the following risks should be given highest priority?
Which of the following risks should be given highest priority?A . Risks which have a high impact and which may arise occasionallyB . Risks which have a low impact but which arise frequentlyC . Risks which have a high impact and have a low likelihood of arisingD . Risks which...
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...
Which TWO of the following statements are correct?
The senior manager in the accounts department is going on annual leave for three weeks and Jo, a supervisor is being put in charge of the department for that time. Which TWO of the following statements are correct?A . Authorisation of exceptional overtime due to the year end which takes...
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...
The list below has duties performed by risk managers and internal auditors. Show who would carry out the duties assuming the company has both risk managers and internal auditors
DRAG DROP The list below has duties performed by risk managers and internal auditors. Show who would carry out the duties assuming the company has both risk managers and internal auditors. View AnswerAnswer:
From the point of view of the internal auditor which THREE of the following would be most likely to provide useful information about the candidate"?
Y Company wishes to recruit an employee who will have responsibility for the receipt and handling of cash. From the point of view of the internal auditor which THREE of the following would be most likely to provide useful information about the candidate"?A . Confirmation that the candidate does not...
Which THREE of the following threats of dysfunctional behaviour may arise from VBN's use of residual income to measure subsidiaries' performance?
VBN is a multinational company that has 60 subsidiary companies that operate in 11 countries. VBN evaluates the performance of each subsidiary as an investment centre, using residual income to measure performance. Which THREE of the following threats of dysfunctional behaviour may arise from VBN's use of residual income to...
Which of the following internal controls should be put in place to try and prevent further bad debts?
Company M has lost 25% of its revenue in the last three months due to bad debts. One of the receivables written off was from a long standing customer and the other three were from new customers. The management accountant has warned the sales team that the company cannot survive...
Using interest rate parity theory, what GBP/USD spot rate would you expect to see in six months' time?
The long-term prospects for interest rates in the UK and the USA are 2% and 6% per annum respectively. The GBP/USD spot rate is currently GBP/USD1.71. Using interest rate parity theory, what GBP/USD spot rate would you expect to see in six months' time?A . GBP/USD = 1.74B . GBP/USD...
Which of the following would grve D a false sense of assurance that C's checks have been in operation?
C is an accounts clerKwho is supposed to sign each invoice as evidence that she has conducted checks against supporting documents Sometimes C signs invoices without making these checks D is a member of the internal audit team He has been told to conduct compliance tests on whether C is...
