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A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:
A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:A . Adequate segregation of...
Which of the following is not a common feature of cumulative preferred stock?
Which of the following is not a common feature of cumulative preferred stock?A . Priority over common stock with regard to dilution of shares.B . Priority over common stock with regard to earnings.C . Priority over common stock with regard to dividend payment.D . Priority over common stock with regard...
If a bank's activities are categorized under such departments as community banking, institutional banking, and agricultural banking, what kind of departmentalization is being utilized?
If a bank's activities are categorized under such departments as community banking, institutional banking, and agricultural banking, what kind of departmentalization is being utilized?A . Product departmentalization.B . Process departmentalization.C . Functional departmentalization.D . Customer departmentalization.View AnswerAnswer: D
Which of the following is a characteristic of an emerging industry?
Which of the following is a characteristic of an emerging industry?A . Established strategy of players.B . Low number of new firms.C . High unit costs.D . Technical expertise.View AnswerAnswer: C
According to IIA guidance on IT auditing, which of the following would not be an area examined by the internal audit activity?
According to IIA guidance on IT auditing, which of the following would not be an area examined by the internal audit activity?A . Access system security.B . Policy development.C . Change management.D . Operations processes.View AnswerAnswer: B
In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?
In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?A . It uses the same products in all countries.B . It centralizes control with little decision-making authority given to the local level.C . It is an effective strategy when large differences exist between countries.D...
At what point during the systems development process should an internal auditor verify that the new application's connectivity to the organization's other systems has been established correctly?
At what point during the systems development process should an internal auditor verify that the new application's connectivity to the organization's other systems has been established correctly?A . Prior to testing the new application.B . During testing of the new application.C . During implementation of the new application.D . During...
Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?
5 Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?A . Cost X is a variable cost.B . Cost X is a fixed cost.C . Cost X is a semi-fixed cost.D . Cost X and the value...
Which of the following controls would be least effective in detecting any potential fraudulent activity?
An internal auditor has been asked to conduct an investigation involving allegations of independent contractor fraud . Which of the following controls would be least effective in detecting any potential fraudulent activity?A . Exception report identifying payment anomalies.B . Documented policy and procedures.C . Periodic account reconciliation of contractor charges.D...
Which of the following are appropriate functions for an IT steering committee?
Which of the following are appropriate functions for an IT steering committee? 1) Assess the technical adequacy of standards for systems design and programming. 2) Continually monitor of the adequacy and accuracy of software and hardware in use. 3) Assess the effects of new technology on the organization`s IT operations....
