Which of the following should software auditors do when reporting internal audit findings related to enterprise wide resource planning?

• A.Include an opinion on financial reporting accuracy and completeness
• B.Connect IT audit findings to business issues
• C.Draft separate audit reports for business and IT management
• D.Include technical details to support IT issues

Comment: *

Name: *

Email: *

Verification: *

Which of the following is an example of a nonfinancial internal failure quality cost?

• A.Excessive time to convert raw materials into finished goods.
• B.Decreasing gross profit margins over time.
• C.Defective units shipped to customers.
• D.Foregone contribution margin on lost sales.

Comment: *

Name: *

Email: *

Verification: *

The market price is the most appropriate transfer price to be charged by one department to another in the same organization for a service provided when:

• A.The purchasing department has more negotiating power than the selling department.
• B.There is an external market for that service.
• C.The selling department operates at 50 percent of its capacity.
• D.There is no external market for that service.

Comment: *

Name: *

Email: *

Verification: *

In the years after the mind-service point of a depreciable asset which of the following depreciation methods will result in the highest depreciation expense?

• A.Declining balance
• B.Straight line
• C.Double-declining balance
• D.Sum of the years' digits

Comment: *

Name: *

Email: *

Verification: *

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 tests contribute to improvement of the program.
• B.To ensure that deficiencies identified by the audit are promptly addressed.
• C.To identify and address potential security weaknesses within the system.
• D.To ensure that adequate controls exist to prevent any significant business interruptions.

Comment: *

Name: *

Email: *

Verification: *