Which of the following processes should be included in a benchmarking activity?
I. Identify key measures.
II. Collect data on performances and practices.
III. Identify opportunities for improvement.

• A.I and III only
• B.I, II, and III.
• C.II and III only
• D.II only

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Human resources and payroll are separate departments. Which of the following combinations would provide the best segregation of duties?

• A.Human resources personnel add employees, review and submit payroll hours to the payroll department for processing, and deliver paychecks to employees.
• B.Human resources personnel add employees, and payroll personnel process hours and enter employee bank account numbers. Paychecks are automatically deposited in the employee's bank account.
• C.Human resources personnel add employees, payroll personnel process hours, and human resources personnel deliver paychecks to employees.
• D.Payroll personnel add employees and enter employee bank account numbers but process hours only as approved by the human resources department. Paychecks are automatically deposited in the employee's bank account.

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According to the International Professional Practices Framework, risk is:
I. Defined as the negative effect of events that are expected to occur.
II. Measured in terms of consequences.
III. Measured in terms of likelihood.

• A.II and III only
• B.I only
• C.I, II, and III.
• D.I and II only

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Which of the following risk assessment tools would best facilitate the matching of controls to risks?

• A.Control matrix.
• B.Internal control questionnaire.
• C.Control flowchart.
• D.Program evaluation and review technique (PERT) analysis.

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An audit of the quality control department is being planned. Which of the following would least likely be used in the preparation of a preliminary survey questionnaire?

• A.An analysis of quality control documents.
• B.The prior audit report.
• C.Management's charter for the quality control department.
• D.The permanent audit file.

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