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According to IIA guidance, which of the following steps are most important for an internal auditor to perform when evaluating an organization's social and environmental impact on the local community?
According to IIA guidance, which of the following steps are most important for an internal auditor to perform when evaluating an organization's social and environmental impact on the local community? ✑ Determine whether previous incidents have been reported, managed, and resolved. ✑ Determine whether a business contingency plan exists. ✑...
According to the waterfall cycle approach to systems development, which of the following sequence of events is correct?
According to the waterfall cycle approach to systems development, which of the following sequence of events is correct?A . Program design, system requirements, software design, analysis, coding, testing, operations.B . System requirements, software design, analysis, program design, testing, coding, operations.C . System requirements, software design, analysis, program design, coding, testing,...
When granting third parties temporary access to an entity's computer systems, which of the following is the most effective control?
When granting third parties temporary access to an entity's computer systems, which of the following is the most effective control?A . Access is approved by the supervising manager.B . User accounts specify expiration dates and are based on services provided.C . Administrator access is provided for a limited period.D ....
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 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 ....
The economic order quantity for inventory is higher for an organization that has:
The economic order quantity for inventory is higher for an organization that has:A . Lower annual unit sales.B . Higher fixed inventory ordering costs.C . Higher annual carrying costs as a percentage of inventory value.D . A higher purchase price per unit of inventory.View AnswerAnswer: B
Sales trends.
Sales trends.A . 1 onlyB . 4 onlyC . 1 and 4 onlyD . 1, 2, and 3 onlyView AnswerAnswer: C
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...
Ensure that performance targets are always achieved.
Ensure that performance targets are always achieved.A . 1 and 3 onlyB . 2 and 4 onlyC . 1, 2, and 3 onlyD . 1, 2, 3, and 4View AnswerAnswer: C
