Which of the following is true regarding the supporting application software used by that provider compared to an in-house developed system?

An organization facing rapid growth decides to employ a third party service provider to manage its customer relationship management function . Which of the following is true regarding the supporting application software used by that provider compared to an in-house developed system? 1) Updating documentation is always a priority. 2)...

April 28, 2022 No Comments READ MORE +

Which of the following statements best describes the frameworks set forth by the International Standards Organization?

Which of the following statements best describes the frameworks set forth by the International Standards Organization?A . Globally accepted standards for industries and processes.B . Bridging the gaps among control requirements, technical issues, and business risks.C . Practical guidance and benchmarks for all organizations that use information systems.D . Frameworks...

April 28, 2022 No Comments READ MORE +

Which of the following techniques would be least effective in resolving the conflict created by an internal audit client's perception of the audit report as a personal attack on his management performance?

Which of the following techniques would be least effective in resolving the conflict created by an internal audit client's perception of the audit report as a personal attack on his management performance?A . The auditor should focus on the audit client as a person and understand him, rather than just...

April 28, 2022 No Comments READ MORE +

Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?

Which of the following engagement observations would provide the least motivation for management to amend or replace an existing cost accounting system?A . The distorted unit cost of a service is 50 percent lower than the true cost, while the true cost is 50 percent higher than the competition's cost.B...

April 28, 2022 No Comments READ MORE +

For a multinational organization, which of the following is a disadvantage of an ethnocentric staffing policy?

For a multinational organization, which of the following is a disadvantage of an ethnocentric staffing policy? 1) It significantly raises compensation and staffing costs. 2) It produces resentment among the organization's employees in host countries. 3) It limits career mobility for parent-country nationals. 4) It can lead to cultural myopia.A...

April 28, 2022 No Comments READ MORE +

Which of the following statements accurately describes the responsibility of the internal audit activity (IAA) regarding IT governance?

Which of the following statements accurately describes the responsibility of the internal audit activity (IAA) regarding IT governance? 1) The IAA does not have any responsibility because IT governance is the responsibility of the board and senior management of the organization. 2) The IAA must assess whether the IT governance...

April 27, 2022 No Comments READ MORE +

Which of the following is a type of network in which an organization permits specific users (such as existing customers) to have access to its internal network through the Internet by building a virtual private network?

Which of the following is a type of network in which an organization permits specific users (such as existing customers) to have access to its internal network through the Internet by building a virtual private network?A . Intranet.B . Extranet.C . Digital subscriber line.D . Broadband.View AnswerAnswer: B

April 27, 2022 No Comments READ MORE +

A capital investment project will have a higher net present value, everything else being equal, if it has:

A capital investment project will have a higher net present value, everything else being equal, if it has:A . A higher initial investment level.B . A higher discount rate.C . Cash inflows that are larger in the later years of the life of the project.D . Cash inflows that are...

April 27, 2022 No Comments READ MORE +

Which of the following must be adjusted to index a progressive tax system to inflation?

Which of the following must be adjusted to index a progressive tax system to inflation?A . Tax deductions, exemptions, and tax filings.B . Tax deductions, exemptions, and tax brackets.C . Tax brackets, tax deductions, and tax payments.D . Tax brackets, exemptions, and nominal tax receipts.View AnswerAnswer: B

April 27, 2022 No Comments READ MORE +

Which of the following audit procedures would not provide assurance to the auditor on this matter?

An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls . Which of the following audit procedures would not provide assurance to the auditor on this matter?A . Interviewing the organization's employees.B . Observing the organization's operations.C . Reading the board's minutes.D ....

April 27, 2022 No Comments READ MORE +