An internal auditor is reviewing physical and environmental controls for an IT organization. Which control activity should not be part of this review?

• A.Install and test fire detection and suppression equipment.
• B.Restrict access to tangible IT resources.
• C.Develop and test the organization's disaster recovery plan.
• D.Ensure that at least one developer has access to both systems and operations.

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If the amount to be received in 4 years is US $137,350, and given the correct factor from the 10% time-value-of-money table below, what is the current investment?

• A.US $30,034.33
• B.US $43,329.44
• C.US $93.810.05
• D.US $201,094.14

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A large retail customer made an offer to buy 10,000 units at a special price of $7 per unit. The manufacturer usually sells each unit for $10. Variable manufacturing costs are $5 per unit andfixed manufacturing costs are
$3 per unit. For the manufacturer to accept the offer, which of the following assumptions needs to be true?

• A.Fixed and variable manufacturing costs are less than the special offer selling price
• B.The manufacturer can fulfill the order without expanding the capacities of the production facilities
• C.Costs related to accepting this offer can be absorbed through the sale of other products
• D.The manufacturer's production facilities are currently operating at full capacity

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Assuming an available-for-sale financial asset that is not part of a hedge is remeasured to fair value at the balance sheet, the gain or loss not arising from foreign exchange transactions or impairment:

• A.Must be recognized in profit or loss.
• B.Must be recognized directly in equity.
• C.May be recognized in profit or loss or directly in equity.
• D.Must be recognized in profit or loss if the result is a loss and directly in equity if the result is a gain.

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Value-added taxes are levied on:

• A.Interest income received by individual owners of publicly traded bonds.
• B.Dividend in me received by corporations owning shares of other corporations
• C.The value of an entity's assets.
• D.The difference between an entity's sales and its purchases from other entities.

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