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Which control activity should not be part of this review?
An internal auditor is reviewing physical and environmental controls for an IT organization. Which control activity should not be part of this review?A . Develop and test the organization's disaster recovery plan.B . Install and test fire detection and suppression equipment.C . Restrict access to tangible IT resources.D . Ensure...
Which of the following annual interest rates is least expensive?
An organization needs to borrow a large amount of cash to fund its expansion plan. Which of the following annual interest rates is least expensive?A . 7 percent simple interest with a 10 percent compensating balance.B . 7 percent simple interest paid at the end of each year.C . 7...
Which of the following standards would be most useful in evaluating the performance of a customer-service group?
Which of the following standards would be most useful in evaluating the performance of a customer-service group?A . The average time per customer inquiry should be kept to a minimum.B . Customer complaints should be processed promptly.C . Employees should maintain a positive attitude when dealing with customers.D . All...
Ability to empathize with other people.
Ability to empathize with other people.A . 1 and 2 onlyB . 1 and 3 onlyC . 2 and 3 onlyD . 1, 2, and 3View AnswerAnswer: C
The most important reason to use risk assessment in audit planning is to:
The most important reason to use risk assessment in audit planning is to:A . Identify redundant controls.B . Improve budgeting accuracy.C . Enhance assurance provided to management.D . Assist in developing audit programs.View AnswerAnswer: C
All of the following are possible explanations for a significant unfavorable material efficiency variance except:
All of the following are possible explanations for a significant unfavorable material efficiency variance except:A . Cutbacks in preventive maintenance.B . An inadequately trained and supervised labor force.C . A large number of rush orders.D . Production of more units than planned for in the master budget.View AnswerAnswer: D
Which of the following approaches is most likely to result in a successful negotiation?
A retail organization is considering acquiring a composite textile company. The retailer's due diligence team determined the value of the textile company to be $50 million. The financial experts forecasted net present value of future cash flows to be $60 million. Experts at the textile company determined their company's market...
To assess the performance of employees.
To assess the performance of employees.A . 1 and 2 onlyB . 1 and 3 onlyC . 2 and 3 onlyD . 2 and 4 onlyView AnswerAnswer: B
Which of the following describes the most likely year-over-year change to the organization's total liabilities and total stockholder equity?
An organization's balance sheet indicates that the total asset amount and the total capital stock amount remained unchanged from one year to the next, and no dividends were declared or paid. However, the organization reported a loss of $200,000. Which of the following describes the most likely year-over-year change to...
A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:
A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:A . A transmission control protocol/Internet protocol (TCP/IP).B . An operating system.C . A web browser.D . A web server.View AnswerAnswer: C
