Urganizational governance is: O a. Tactical management O b. Day to day management of the organization O c Compliance O d A process by which organizations select objectives estab sh processes to achieve objectives, and monitor performance Type here to search 40 2 3 4 5 6 8 Risk responses do not include: O a. Staying in the activity that is giving rise to the risk O b. Sharing a risk by, for example, buying insurance or outsourcing the activity c. Reducing a risk by taking actions that reduce the likelihood of an event d. Accepting a risk by taking no action O 0 Icon Key Type here to search 2 3 4 Enterprise Risk Management (ERM): O a. Is designed to manage risk O b. Is the responsibility of an entity's board of directors, management, and other personnel O c. All of these choices are correct are features of an ERM O d. Provides reasonable assurance regarding the achievement of entity objectives Icon Rey e here to search Key provisions of SOX do not include: e a. Creation of a new accounting oversight board (PCAOB) O b. Decreasing accountability of company officers and directors O c. Strengthening auditor independence rules O d. Enhancing the quality of financial reporting 0Icon Key here to search All of the following is true of Coso, except that cOSO: a. Is the Committee of Sponsoring Organizations of the Treadway Commission b. Issued the framework: Enterprise Risk Management-Integrated Framework O O c. Adapted other international control frameworks d. This information is now required to be collected by Sarbanes-Oxdey 2002 Ore icon Key here to search op Computer crime does not include: a. Computer viruses O b. Malware O c. Sequentially numbering invoices O d. Hacking Orr Icon Kny e here to search Who is responsible for creating an organization's control environment? O a. SOX O b. Shareholders C. Management e d. Dierectors One Ieon Key ype here to search The difference between risks and opportunities is: O a. Risks and opportunities are identified through risk identification. O bRis cold have a nesative impact andoportuntes could have a postve impat on the organuzaton's objectives O c. Opportunities require response, whereas risks are channeled back to the strategy-setting process. O d. Risks could have a positive impact and opportunities could have a negative impact on the organization's objectives. O- Ioon Key e here to search 2 3 4 .06m The key provisions of SOX are that SOX: O a. Increased accountability of company officers and directors O b. All of these choices O c. Created a new accounting oversight board O d. Strengthened auditor independence rules O Icon Key ere to search hp