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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
Which of the following best describes a market signal?
Which of the following best describes a market signal?A . The bargaining power of buyers is forcing a drop in market prices.B . There is pressure from the competitor's substitute products.C . Strategic analysis by the organization indicates feasibility of expanding to new market niches.D . The competitor announces a...
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...
According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program?
According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program? 1) Every employee generally has a responsibility for ensuring the success of CSR objectives. 2) The board has overall responsibility for the effectiveness of internal control processes associated with...
Which of the following statements about COBIT is not true?
Which of the following statements about COBIT is not true?A . COBIT helps management understand and manage the risks associated with information technology (IT) processes.B . Management needs to determine the cost-benefit ratio of adopting COBIT control objectives.C . COBIT control objectives are specific to various IT platforms and help...
Which of the following strategies would most likely prevent an organization from adjusting to evolving industry market conditions?
Which of the following strategies would most likely prevent an organization from adjusting to evolving industry market conditions?A . Specializing in proven manufacturing techniques that have made the organization profitable in the past.B . Substituting its own production technology with advanced techniques used by its competitors.C . Forgoing profits over...
Which of the following borrowing options is an unsecured loan?
Which of the following borrowing options is an unsecured loan?A . Second-mortgage financing from a bank.B . An issue of commercial paper.C . Pledged accounts receivable.D . Asset-based financing.View AnswerAnswer: B
Which of the following is a key characteristic of a zero-based budget?
Which of the following is a key characteristic of a zero-based budget?A . A zero-based budget provides estimates of costs that would be incurred under different levels of activity.B . A zero-based budget maintains focus on the budgeting process.C . A zero-based budget is prepared each year and requires each...
According to IIA guidance, which of the following corporate social responsibility (CSR) activities is appropriate for the internal audit activity to perform?
According to IIA guidance, which of the following corporate social responsibility (CSR) activities is appropriate for the internal audit activity to perform?A . Determine the optimal amount of resources for the organization to invest in CSC . Align CSR program objectives with the organization's strategic plan.D . Integrate CSR activities...
Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?
The economic order quantity can be calculated using the following formula: Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?A . Decrease by about 17 percent.B . Decrease by about 7 percent.C . Increase by about 7 percent.D ....
