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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 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 is true regarding an organization's relationship with external stakeholders?
Which of the following is true regarding an organization's relationship with external stakeholders?A . Specific guidance must be followed when interacting with nongovernmental organizations.B . Disclosure laws tend to be consistent from one jurisdiction to another.C . There are several internationally recognized standards for dealing with financial donors.D . Legal...
Which of the following is the most significant area of concern for management regarding this proposed agreement?
An organization is considering the outsourcing of its business processes related to payroll and information technology functions . Which of the following is the most significant area of concern for management regarding this proposed agreement?A . Ensuring that payments to the vendor are appropriate and timely for the services delivered.B...
According to the COSO enterprise risk management (ERM) framework, which of the following is not a typical responsibility of the chief risk officer?
According to the COSO enterprise risk management (ERM) framework, which of the following is not a typical responsibility of the chief risk officer?A . Establishing risk category definitions and a common risk language for likelihood and impact measures.B . Defining ERM roles and responsibilities.C . Providing the board with an...
Which of the following methods, if used in conjunction with electronic data interchange (EDI), will improve the organization's cash management program, reduce transaction data input time and errors, and allow the organization to negotiate discounts with EDI vendors based on prompt payment?
Which of the following methods, if used in conjunction with electronic data interchange (EDI), will improve the organization's cash management program, reduce transaction data input time and errors, and allow the organization to negotiate discounts with EDI vendors based on prompt payment?A . Electronic funds transfer.B . Knowledge-based systems.C ....
Which is the least effective form of risk management?
Which is the least effective form of risk management?A . Systems-based preventive control.B . People-based preventive control.C . Systems-based detective control.D . People-based detective control.View AnswerAnswer: D
A key advantage of developing a computer application by using the prototyping approach is that it:
A key advantage of developing a computer application by using the prototyping approach is that it:A . Does not require testing for user acceptance.B . Allows applications to be portable across multiple system platforms.C . Is less expensive since it is self-documenting.D . Better involves users in the design process.View...
In the screening process, which of the following traits would be required to make a manager a successful expatriate?
A global business organization is selecting managers to post to various international (expatriate) assignments. In the screening process, which of the following traits would be required to make a manager a successful expatriate? 1) Superior technical competence. 2) Willingness to attempt to communicate in a foreign language. 3) Ability to...
Which of the following is the most likely reason an organization may decide to undertake a stock split?
Which of the following is the most likely reason an organization may decide to undertake a stock split?A . To keep stock price constant.B . To keep shareholders' equity constant.C . To increase shareholders' equity.D . To enhance the stock liquidity.View AnswerAnswer: D
