1. The application of information and communication technologies (ICT) in support of all the activities of business is generally known as ____________ or _______________.

2 Management has been described as optimizing the utilization of corporate resources through the ________, __________, __________, and _________ of the members of any organization.

3. A formal ________________ is used to determine the appropriate corporate coping strategy.

4. Periodically management must _______ and ______________ of Internal Controls.

5. Those activities that will make or break key activities are known as __________________.

6. Within the public sector, much auditing is aimed at ensuring the effectiveness and efficiency of __________________ in order to ensure ________________.

7. A critical function within IT auditing is the ___________ of audit results to key managers and stakeholders.

8. Overall, the roles and responsibilities of the audit function typically are found within the ______________.

9. Ensuring compliance with such standards is part of the role of the __________________.

10. Control is _________ to the extent that it provides reasonable assurance that the organization will achieve its objectives reliably.

11. One of the major cornerstones of IT governance is _____________________.

12. Within the public sector, much auditing is aimed at ensuring the effectiveness and efficiency of management processes in order to ensure .

13. IT auditing involves the planning of specific audits to ensure that the IT audit strategy and objectives are achieved and that information is obtained that is , reliable, relevant, and useful in order to achieve the audit objectives.

14. IT auditing involves the planning of specific audits to ensure that the IT audit strategy and objectives are achieved and that information is obtained that is sufficient, , relevant, and useful in order to achieve the audit objectives.

15. IT auditing involves the planning of specific audits to ensure that the IT audit strategy and objectives are achieved and that information is obtained that is sufficient, reliable, , and useful in order to achieve the audit objectives.

16. IT auditing involves the planning of specific audits to ensure that the IT audit strategy and objectives are achieved and that information is obtained that is sufficient, reliable, relevant, and in order to achieve the audit objectives.

17. Corporate governance may be defined as the relationship among various participants in determining the direction and performance of companies and includes:

(a) Shareholders.

(b) Management.

(c) Board of directors.

(d) Employees.

(e) All of the above.

18. Participants in corporate governance include:

(a) Employees, board of directors, audit committee, shareholders.

(b) Shareholders, employees, management, audit committee.

(c) Shareholders, management, board of directors, audit committee, employees.

(d) Management, board of directors, audit committee.

19. The line of reporting of IS audit is indicated in:

(a) The audit committee charter.

(b) The internal audit charter.

(c) The IS audit charter.

(d) The IS audit letter of appointment.

20. For controls to be effective, they must be:

(a) Monitored continuously.

(b) Designed by IS auditors.

(c) Designed by internal auditors.

(d) Audited on a daily basis.