An internal auditor has been asked to conduct an investigation involving allegations of independent contractor fraud. Which of the following controls would be least effective in detecting any potential fraudulent activity?

• A.Periodic account reconciliation of contractor charges.
• B.Documented policy and procedures.
• C.Exception report identifying payment anomalies.
• D.Monthly management review of all contractor activity.

Comment: *

Name: *

Email: *

Verification: *

The estimated demand for pretzels at the next home football game using an expected value approach is:

• A.4,000 pretzels.
• B.4,400 pretzels.
• C.5,000 pretzels.
• D.6,000 pretzels.

Comment: *

Name: *

Email: *

Verification: *

Which of the following application controls, implemented by management, monitors data being processed to ensure the data remains consistent and accurate?

• A.Management trail controls
• B.Output controls.
• C.Integrity controls
• D.input controls

Comment: *

Name: *

Email: *

Verification: *

Which of the following is the best example of a compliance risk that Is likely to arise when adopting a bring-your-own-device (BYOD) policy?

• A.The risk that proprietary information is not deleted from the device when an employee leaves.
• B.The risk that users try to bypass controls and do not install required software updates.
• C.The risk that an organization intrusively monitors personal Information stored on smart devices.
• D.The risk that smart devices can be lost or stolen due to their mobile nature..

Comment: *

Name: *

Email: *

Verification: *

Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?

• A.Increasing complexity over time.
• B.Hidden data columns or worksheets.
• C.Ability to meet user needs.
• D.Interface with corporate systems.

Comment: *

Name: *

Email: *

Verification: *