Which of the following is an advantage of email surveys compared to face-to-face interviews?

• A.They are less expensive.
• B.Survey designers are able to use a broader variety of questions.
• C.They have higher rates of response.
• D.Respondents can easily get clarification on questions from survey designers or interviewers.

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The chief commodity trader for a large energy company learns from a friend that a competitor will likely fail its upcoming regulatory audit and will be forced to temporarily decrease production. If the information is true, the trader has short-term opportunities to make trades that will financially benefit the trader's company and will lead to a substantial increase in the trader's performance bonus. However, if the information is not true, making the trades will significantly increase the company's risk of being caught in a long position.
From an ethical perspective, which of the following would be the most appropriate course of action for the trader to take?

• A.Disclose the information to the risk oversight committee but proceed with the trade to capitalize on the opportunity.
• B.Have another trader on staff make the trade in order to avoid a conflict of interest.
• C.Make the trade because the company and the trader will both benefit.
• D.Defer the decision to management and risk the loss of the trading opportunity.

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Which of the following would be outside the scope of acquiring and developing human resources for an internal audit department?

• A.Writing job descriptions for audit staff, audit managers, and other auditing positions.
• B.Conducting individual counseling sessions regarding professional development and performance.
• C.Requiring audit staff to participate in continuing education activities.
• D.Evaluating auditors' compliance with standards and level of audit effectiveness.

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A computer system automatically locks a user's account after three unsuccessful attempts to log on.
Which type of control does this scenario represent?

• A.Corrective control.
• B.Preventive control.
• C.Detective control.
• D.Compensating control.

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Which of the following is the best method for testing the accuracy of a computer program's calculation of shipping charges?

• A.Use either test data or parallel simula-tion to test the computer program.
• B.Use generalized audit software to select a monetary-unit sample of invoices that have been billed to customers.
• C.Select transactions from invoices with shipping charges using difference estimation.
• D.Select transactions from invoices with shipping charges using discovery sampling.

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