Exam 5: Business Analysis and Information Technology

Which of the following steps should an internal auditor take during an audit of an organization's business continuity plans? 1. Evaluate the business continuity plans for adequacy and currency. 2. Prepare a business impact analysis regarding the loss of critical business. 3. Identify key personnel who will be required to implement the plans. 4. Identify and prioritize the resources required to support critical business processes.

Which of the following are the most appropriate measures for evaluating the change in an organization's liquidity position?

According to the International Professional Practices Framework, which of the following statements is true regarding a corporate social responsibility (CSR) program? 1. Every employee generally has a responsibility for ensuring the success of CSR objectives. 2. The board has overall responsibility for the effectiveness of internal control processes associated with CSR. 3. Public reporting on the CSR governance process is expected. 4. Organizations generally have flexibility regarding what is included in a CSR program.

Which of the following application-based controls is an example of a programmed edit check?

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 would provide the most relevant assurance that the application under development will provide maximum value to the organization?

Which of the following costs would be incurred in an inventory stockout?

At an organization that uses a periodic inventory system, the accountant accidentally understated the organization's beginning inventory. How would the accountant's accident impact the income statement?

Which of the following is not a barrier to effective communication?

The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?

Which of the following statements is true regarding data backup?

An internal auditor observed that the organization's disaster recovery solution will make use of a cold site in a town several miles away. Which of the following is likely to be a characteristic of this disaster recovery solution?

The percentage of sales method, rather than the percentage of receivables method, would be used to estimate uncollectible accounts if an organization seeks to:

When using data analytics during a review of the procurement process, what is the first step in the analysis process?

Which of the following performance measures would be appropriate for evaluating an investment center, which has responsibility for its revenues, costs, and investment base, but would not be appropriate for evaluating cost, revenue, or profit centers?

Listening effectiveness is best increased by:

Providing knowledge, motivating organizational members, controlling and coordinating individual efforts, and expressing feelings and emotions are all functions of:

A key advantage of developing a computer application by using the prototyping approach is that it:

According to the Standards, the internal audit activity must evaluate risk exposures relating to which of the following when examining an organization's risk management process? 1. Organizational governance. 2. Organizational operations. 3. Organizational information systems. 4. Organizational structure.

When granting third parties temporary access to an entity's computer systems, which of the following is the most effective control?