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The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?
The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?A . Risk acceptance.B . Risk sharing.C . Risk avoidance.D . Risk reduction.View AnswerAnswer: D
Which of the following is a role of the board of directors in the governance process?
Which of the following is a role of the board of directors in the governance process?A . Conduct periodic assessments of the organization's governance systems.B . Obtain assurance concerning the effectiveness of the organization's governance systems.C . Implement an effective system of internal controls to support the organization's governance systems.D...
An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy?
An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy?A . Avoidance.B . Reduction.C . Elimination.D . Sharing.View AnswerAnswer: B
Which of the following statements best describes the frameworks set forth by the International Standards Organization?
Which of the following statements best describes the frameworks set forth by the International Standards Organization?A . Globally accepted standards for industries and processes.B . Bridging the gaps among control requirements, technical issues, and business risks.C . Practical guidance and benchmarks for all organizations that use information systems.D . Frameworks...
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...
Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?
Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?A . Increasing complexity over time.B . Interface with corporate systems.C . Ability to meet user needs.D . Hidden data columns or worksheets.View AnswerAnswer: C
According to the ISO 14001 standard, which of the following is not included in the requirements for a quality management system?
According to the ISO 14001 standard, which of the following is not included in the requirements for a quality management system?A . Key processes across the entity which impact quality must be identified and included.B . The quality management system must be documented in the articles of incorporation, quality manual,...
Which of the following audit procedures would not provide assurance to the auditor on this matter?
An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls . Which of the following audit procedures would not provide assurance to the auditor on this matter?A . Interviewing the organization's employees.B . Observing the organization's operations.C . Reading the board's minutes.D ....
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 costs would be incurred in an inventory stockout?
Which of the following costs would be incurred in an inventory stockout?A . Lost sales, lost customers, and backorder.B . Lost sales, safety stock, and backorder.C . Lost customers, safety stock, and backorder.D . Lost sales, lost customers, and safety stock.View AnswerAnswer: A
