An IS auditor is reviewing a project to implement a payment system between a parent bank and a subsidiary. The IS auditor should FIRST verify that the:

• A.technical platforms between the two companies are interoperable.
• B.parent bank is authorized to serve as a service provider.
• C.security features are in place to segregate subsidiary trades.
• D.subsidiary can join as a co-owner of this payment system.

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An IS auditor is conducting a post-implementation review of an enterprise resource planning (ERP) system End users indicated concerns with the accuracy of critical automatic calculations made by the system. The auditor's FIRST course of action should be to:

• A.verify completeness of user acceptance testing
• B.review recent changes to the system
• C.review initial business requirements
• D.verify results to determine validity of user concerns

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The MAJOR advantage of a component-based development approach is the:

• A.ability to manage an unrestricted variety of data types.
• B.provision for modeling complex relationships.
• C.capacity to meet the demands of a changing environment.
• D.support of multiple development environments.

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Which of the following is the MOST important reason to use statistical sampling?

• A.The results are more defensible
• B.It ensures that all relevant cases are covered
• C.It reduces time required for testing
• D.The results can reduce error rates

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During a follow-up audit, an IS auditor finds that some critical recommendations have the IS auditor's BEST course of action?

• A.Require the auditee to address the recommendations in full.
• B.Adjust the annual risk assessment accordingly.
• C.Evaluate senior management's acceptance of the risk.
• D.Update the audit program based on management's acceptance of risk.

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