According to MA guidance, which of the following is the strongest indicator of deficiencies in the risk management process?

• A.The periodic evaluation of risk ratings is primarily dependent on subjective assessments.
• B.Management's primary objective is minimizing changes to the structure and operation of the risk management process.
• C.Separate evaluations of the risk management process were conducted, but the results were never integrated.
• D.Many aspects of the related enterprise risk management program are informal and undocumented.

Comment: *

Name: *

Email: *

Verification: *

The head of human resources notified the internal audit activity that a key account manager was fired because he did not register a large number of contracts with clients As a result the organization was unaware of its duties and would suffer some financial loss Which of the following should be expected from a competent internal auditor who is analyzing this situation?

• A.The ability to conduct admission-seeking interviews with potential suspects
• B.The ability to apply forensic methods to obtain legally admissible evidence
• C.The ability to retrieve concealed or deleted information from the former employee's laptop
• D.The ability to evaluate whether such attributes as intent and personal gain were present

Comment: *

Name: *

Email: *

Verification: *

Which of the following best illustrates the application of due professional care during an audit of the procurement department?

• A.The internal auditor began checking purchase requisitions for proper authorizations. He stopped when he discovered an instance of noncompfiance. and he concluded the controls were ineffective.
• B.The internal auditor selected a sample of purchase orders with amounts greater than S5.000, the threshold at which the organization requires a bidding process. The auditor obtained documentation of the bidding process for each purchase order in the sample.
• C.The internal auditor discovered an instance where management did not follow the standard bidding processes. The auditor assessed the validity of management's reasons for deviating from standard practice and the supporting documentation, and determined that the deviation was acceptable.
• D.The internal auditor analyzed bidding documents provided by management. Management indicated that the documents were purchase orders issued to a sole-source vendor Based on the analysis and management's declaration, the internal auditor determined that the procurement process was effective.

Comment: *

Name: *

Email: *

Verification: *

An internal auditor for a large computer company suspects that returned computer systems are being repackaged as new products and shipped to other customers before the defects have been repaired. Which of the following would be the most persuasive piece of evidence in support of the auditor's suspicions?

• A.Credit memos issued after year end for goods shipped before year end.
• B.Evidence of returned goods in the shipping and receiving area.
• C.An unusual number of customer complaints.
• D.The results of a complete physical inventory taken at year end.

Comment: *

Name: *

Email: *

Verification: *

Which of the following is a control that is used mainly to check the integrity of data entered into a business application, whether the data is entered directly by staff, remotely by a business partner, or through a web-enabled application?

• A.Integrity control
• B.Processing control.
• C.General IT control.
• D.Input control

Comment: *

Name: *

Email: *

Verification: *