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According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:
According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:A . Recognize that organizations use different techniques for managing risk.B . Seek assurance that the key objectives of the risk management processes are being met.C . Determine and accept...
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,...
According to IIA guidance, which of the following would be a primary reason for an internal auditor to test the organization's IT contingency plan?
According to IIA guidance, which of the following would be a primary reason for an internal auditor to test the organization's IT contingency plan?A . To ensure that adequate controls exist to prevent any significant business interruptions.B . To identify and address potential security weaknesses within the system.C . To...
Which of the following IT strategies is most effective for responding to competitive pressures created by the marketplace?
Which of the following IT strategies is most effective for responding to competitive pressures created by the marketplace?A . Promote closer linkage between organizational strategy and information.B . Provide users with greater online access to information systems.C . Enhance the functionality of application systems.D . Expand the use of automated...
In order to provide useful information for an organization's risk management decisions, which of the following factors is least important to assess?
In order to provide useful information for an organization's risk management decisions, which of the following factors is least important to assess?A . The underlying causes of the risk.B . The impact of the risk on the organization's objectives.C . The risk levels of current and future events.D . The...
In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?
In an organization where enterprise risk management practices are mature, which of the following is a core internal audit role?A . Giving assurance that risks are evaluated correctly.B . Developing the risk management strategy for the board's approval.C . Facilitating the identification and evaluation of risks.D . Coaching management in...
What are the objectives of governance as defined by the Standards?
What are the objectives of governance as defined by the Standards?A . Inform, direct, manage, and monitor.B . Identify, assess, manage, and control.C . Organize, assign, authorize, and implement.D . Add value, improve, assure, and conform.View AnswerAnswer: A
Overall system costs are lower.
Overall system costs are lower.A . 1 and 2 onlyB . 1 and 3 onlyC . 2 and 4 onlyD . 3 and 4 onlyView 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
In order to maximize profit, how much of product Y should the organization produce each month?
An organization produces two products, X and Y. The materials used for the production of both products are limited to 500 kilograms (kg) per month. All other resources are unlimited and their costs are fixed. Individual product details are as follows: Product X Product Y Selling price per unit $10...
