1. A company hires an audit program design firm to create a continuous auditing program for their company. After six months the project is behind schedule and is costing more than expected. This is an example of:

1. Selection risk
2. Development/acquisition and deployment risk
3. Availability risk
4. Hardware/software risk

2. A manager of an investment fund reports annual fund performance as higher than actual returns, so that he can obtain new investors. This action would be classified as a(n):

1. Risk
2. Hazard
3. Fraud
4. Exposure

3. This logs and monitors who is on or trying to access an organizations network

1. Biometrics
2. Electronic vaulting
3. Intrusion detection systems (IDS)
4. Firewall

4. A hurricane destroys a building containing backup computer systems. This is an example of

1. Selection risk
2. Development/acquisition and deployment risk
3. Availability risk
4. Hardware/software risk

5. A manager in the sales department of a company buys software to handle job costing, but the program cannot handle some of the custom order features of the products they sell. This is an example of:

1. Selection risk
2. Development/aquistion and deployment risk
3. Availability risk
4. Hardware/software risk