What is an effective way of setting the value of line items in a budget?A . Look at each budget expense as an investment and calculate the expected return on that investment B. Look at each budget expense as an investment and reduce the expected return on that investment C....
An organization's board would like to establish a formal risk management function and has asked the chief audit executive (CAE) to be involved in the process. According to IIA guidance, which of the following roles should the CAE not undertake?A . Manage and coordinate risk management processes. B. Audit risk...
An internal auditor collected several employee testimonials. Which of the following is the best action for the internal auditor to take before drawing a conclusion?A . Ensure the testimonials are well documented B. Substantiate the testimonials with physical or documentary evidence C. Corroborate testimonials with the results from other soft...
What is the test pressure of a metallic piping system whose design temperature is above the test temperature using the following conditions? NPS 6, SA106 Gr.B, 100 psi / 800°FA . 150 psi B. 450 psi C. 278 psi D. Test temperature verses design temperatures are not differentView AnswerAnswer: C
Which development component (DC) do you use for creating a BPMN 2.0 model?A . Rules Composer B. Visual Composer C. Service Composer D. Process ComposerView AnswerAnswer: D
An organization s inventory is stored m multiple warehouses. During an inventory audit which of the following activities would most benefit from the use of computerized audit tools?A . Verifying the existence of inventory items in each warehouse B. Assigning the tolerable deviation rate to determine the sample size C....
The principle "Organize around products/services" means that:A . Customers should be asked to pick from the available products or services B. Building dedicated cross-functional teams focused on customer offerings C. Project teams are best equipped to deliver productsView AnswerAnswer: B
Managing supply chain risks includes which of the following activities?A . Developing alternatives to key suppliers B. Setting aside funds for disruption-recovery efforts C. Charging each supply chain partner a portion of risk cost D. Creating extra inventory to cover disruptions in the supply chainView AnswerAnswer: A
How often should an emergency operations plan be audited?A . At least annually. Evaluations should occur after drills, emergencies, personnel changes, facility design changes and policy changes. B. At least quarterly. Evaluations should occur after drills, emergencies, personnel changes, facility design changes and policy changes. C. On demand. Evaluations should...
The number of focus areas describing a certain governance topic or issue that can be addressed by governance objectives is:A . dependent on process maturity B. determined by the size of the enterprise C. virtually unlimitedView AnswerAnswer: C
