After the team member who specialized in fraud investigations left the internal audit team, the chief audit executive decided to outsource fraud investigations to a third party service provider on an as needed basis. Which of the following is most likely to be a disadvantage of this outsourcing decision?A ....
An audit observation states the following: "Despite the rules of the organization there is no approved credit risk management policy in the subsidiary. The subsidiary is concluding contacts with clients who have very high credit ratings. The internal audit team tested 50 contacts and 17 showed clients with a poor...
When creating data templates, you have the option to add Field sections (at least one is required). What is the purpose of Field sections?A . Field sections are used for grouping related fields with templates and the resulting items. B. Field sections enable Content Authors to add content to various...
Cloud Kicks wants to sell to both consumers and businesses. The consumer sales team and business sales team will use different Stages. Which two Salesforce functions will allow the consultant to meet this requirement? Choose 2 answersA . Sales Processes B. Pipeline Inspection C. Opportunity Splits D. Record TypesView AnswerAnswer:...
What is generated from the Service Catalog once a user places an order for an item or service?A . A change request B. An Order Guide C. A request D. An SLAView AnswerAnswer: C
Direct shipment distribution typically offers which of the following advantages?A . Risk pooling is facilitated. B. Demand variability is reduced. C. Service levels are increased. D. Lead times are reduced.View AnswerAnswer: D
A financial company is building a system to generate monthly, immutable bank account statements for its users. Statements are stored in Amazon S3. Users should have immediate access to their monthly statements for up to 2 years. Some users access their statements frequently, whereas others rarely access their statements. The...
According to an internal audit observation, the organization’s rules of record management require all contracts to be registered and stored in a specific electronic system. One subsidiary has thousands of client contracts on paper, which are kept in the office because there are not enough assistants to scan the contracts...
What are subsequent changes subject to once a requirements document has been signed off?A . Requirements verification B. Requirements documentation C. Requirements validation D. Requirements managementView AnswerAnswer: D
Which of the following is MOST important to providing trust in operations, confidence in the achievement of enterprise objectives, and an adequate understanding of residual risk?A . A continuity of operations response plan B. A risk management framework C. A managed system of internal controlsView AnswerAnswer: C Explanation: Reference: https://wiki.process-symphony.com.au/tag/cobit2019/page/4/
