1.Ludlow Ltd is setting up its internal control system. As part of this process, the CFO asks all divisional managers to consult with relevant staff and submit a report that identifies the key health and safety risks that their division faces in its day-to-day activities and operations. This would constitute which category of the COSO internal control framework?

Monitoring of controls.

Risk assessment.

Control activities.

Control environment.

2.

Which of the following statement regarding Entity-Relationship (E-R) diagrams is correct?

E-R diagrams are a bottom-up approach to developing a database model.

E-R diagrams look at entities and their relationships from a very detailed perspective.

Understanding how to read and interpret E-R diagrams is critical for accountants.

E-R diagrams are a bottom-up way of viewing the organisation.

3.

With respect to relational databases, which of the following statement is true?

When data about objects of interest are stored in separate database tables, it is easier to avoid insert anomalies.

An insert anomaly occurs when there is no way to update records to a database.

A foreign key is found only in one table and is not allowed to be in another table.

According to the entity integrity rule, a primary key can uniquely identify a table row if it is blank.

4.

Data anomalies relate to:

How an organisation manages its backup process in a database.

Inconsistencies or errors that exist in a database because of entry or changes.

Inconsistencies in the documentation process of data additions and updates.

Usefulness of documentation in ensuring the integrity of data within a database.