An organization is considering mirroring the customer data for one regional center at another center. A disadvantage of such an arrangement would be:

• A.Increased cost and complexity of network traffic.
• B.Lack of awareness of the state of processing.
• C.Interference of the mirrored data with the original source data.
• D.Confusion about where customer data are stored.

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An enterprise decided to sell a separate major line of its business. The assets were sold for US $100,000 and had a net carrying amount US $70,000. The applicable tax rate was 20%. The result of this transaction may appear on the:

• A.Balance sheet as a fundamental error.
• B.Income statement as an extraordinary item.
• C.Income statement as a single amount for a discontinued operation
• D.Income statement as a change in accounting policy

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Preferred stock has [List A] like common stock and [List B] payment like bonds.
List A
List B
A maturity date
A fixed periodic
No maturity date
No fixed periodic
A maturity date
No fixed periodic
No maturity date
A fixed periodic

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An internal auditor performed a review of IT outsourcing and found that the service provider was failing to meet the terms of the service level agreement. Which of the following approaches is most appropriate to address this concern?

• A.The organization should review the skill requirements and ensure that the service provider is maintaining sufficient expertise and retaining skilled resources.
• B.The organization should work with the service provider to review the current agreement and expectations relating to objectives, processes, and overall performance.
• C.The organization should proactively monitor the performance of the service provider, escalate concerns, and use penalty clauses in the contract where necessary.
• D.The organization should ensure that there is a clear management communication strategy and path for evaluating and reporting on all outsourced services concerns.

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Which of the following would Batchelder most likely use as a hash total?

• A.FG HK80
• B.4
• C.204
• D.810

Correct Answer: D

Input controls in batch computer systems are used to determine that no data are lost or added to the batch. Depending on the sophistication of a particular system. control may be accomplished by using record counts, batch totals, or hash totals. The hash total is a control total without a defined meaning, such as the total of employee numbers or invoice numbers, that is used to verify the completeness of data. The hash total of the invoice numbers is 810. Batch elder Company has the following invoices in a batch:

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