If certain goods owned by an entity were not recorded as a purchase and were not counted in ending inventory, in error, then:

• A.Cost of goods sold for the period will be understated.
• B.Cost of goods sold for the period will be overstated.
• C.Profit for the period will be understated.
• D.There will be no effect on cost of goods sold or profit for the period.

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Which of the following steps should an internal auditor take during an audit of an organization's business continuity plans?
1.Evaluate the business continuity plans for adequacy and currency.
2.Prepare a business impact analysis regarding the loss of critical business.
3.Identify key personnel who will be required to implement the plans.
4.Identify and prioritize the resources required to support critical business processes.

• A.1 only
• B.1, 2, 3, and 4
• C.2 and 4 only
• D.1, 3, and 4 only

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An organization has instituted a bring-your-own-device (BYOD) work environment Which of the following policies best addresses the increased risk to the organization's network incurred by this environment?

• A.Institute detection and authentication controls for all devices used for network connectivity and data storage
• B.Ensure that relevant access to key applications is strictly controlled through an approval and review process
• C.Use management software to scan and then prompt patch reminders when devices connect to the network
• D.Limit the use of the employee devices for personal use to mitigate the risk of exposure to organizational data.

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A bank was considering its first use of computer-aided software engineering CASE) to develop an inquiry system for account representatives to access consolidated profiles of customers' accounts. A benefit of using CASE in this situation is that:

• A.No new software development tools would be needed.
• B.No training of programmers would be required.
• C.Management of the development process would be improved.
• D.The need for testing would be reduced.

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Quality control programs employ many tools for problem definition and analysis. A scatter diagram is one of these tools. The objective of a scatter diagram is to:

• A.Display a population of items for analysis.
• B.Show frequency distribution in graphic form.
• C.Divide a universe of data into homogeneous groups.
• D.Show the vital trend and separate trivial items.

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