Looking for Help On solving correct answers by selecting multiple choice:

13. Which of the following is the least accurate statement regarding a well-documented business process

a. Contains key objectives for the process.

b. Identifies key risks and controls.

c. Prepared by control owners.

d. Defines areas of responsibilities e. Can use either method to complet

14. Which of the following control(s) is considered to be part of a company's IT "application"controls?

I. Program edit checks

II. Run-to-run totals

III. End user controls

IV. Field checks

a. Only I, II, and III are correct

b. Only I, II, and IV are correct

c. Only II and III are correct

d. I, II, III and IV are all correct.

17. Which of the following components of IT contingency planning is most important?

a. Verification of systems routines

b. Security over the contingency site

c. Documentation of the plan

d. Integration of the business plans with the system plans.

18. g is not a domain as described in the CoBiT framework?

a. Plan & Organize

b. Deliver/support

c. Control activities

d. Monitor

19. Which of the following is not an effective method to help prevent procurement fraud?

a. Proper segregation of duties

b. Open competition

c. Rotating procurement staff and responsibilities

d. Analysis of unusual inventory levels

e. All of the above are appropriate preventive controls

20. Recommendations should be included in final audit communication to:

a. Provide management with options for addressing audit observations

b. Ensure that problems are resolved in the manner suggest by the auditor

c. Minimize the amount of time required to correct audit observations.

d. Guarantee that audit observations are addressed.

21. The primary reason for having formal audit engagement communications is to

a. Provide an opportunity for the engagement client to respond

b. Document the corrective actions required of management.

c. Provide a formal means by which the external auditor assesses potential reliance on

internal auditor's work

d. Record observations and recommended courses of actions