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The chief audit executive (CAE) has embraced a total quality management approach to improving the internal audit activity's (lAArs) processes. He would like to reduce the time to complete audits and improve client ratings of the IAA. Which of the following staffing approaches is the CAE most likely lo select?

A.

Assign a team with a trained audit manager to plan each audit and distribute field work tasks to various staff auditors.

B.

Assign a team of personnel who have different specialties to each audit and empower Team members to participate fully in key decisions

C.

Assign a team to each audit, designate a single person to be responsible for each phase of the audit, and limit decision making outside of their area of responsibility.

D.

Assign a team of personnel who have similar specialties to specific engagements that would benefit from those specialties and limit Key decisions to the senior person.

Which of the following statements is most accurate concerning the management and audit of a web server?

A.

The file transfer protocol (FTP) should always be enabled

B.

The simple mail transfer protocol (SMTP) should be operating under the most privileged accounts

C.

The number of ports and protocols allowed to access the web server should be maximized

D.

Secure protocols for confidential pages should be used instead of clear-text protocols such as HTTP or FTP

Which of the following is an example of a physical control?

A.

Providing fire detection and suppression equipment

B.

Establishing a physical security policy and promoting it throughout the organization

C.

Performing business continuity and disaster recovery planning

D.

Keeping an offsite backup of the organization’s critical data

Which of the following best explains why an organization would enter into a capital lease contract?

A.

To increase the ability to borrow additional funds from creditors

B.

To reduce the organization’s free cash flow from operations

C.

To improve the organization’s free cash flow from operations

D.

To acquire the asset at the end of the lease period at a price lower than the fair market value

A new manager received computations of the internal rate of return regarding his project proposal. What should the manager compare the computation results to in order to determine whether the project is potentially acceptable?

A.

Compare to the annual cost of capital.

B.

Compare to the annual interest rate.

C.

Compare to the required rate of return.

D.

Compare to the net present value.

Which of the following represents an example of a physical security control?

A.

Access rights are allocated according to the organization’s policy

B.

There is confirmation that data output is accurate and complete

C.

Servers are located in locked rooms to which access is restricted

D.

A record is maintained to track the process from data input to storage

According to IIA guidance, which of the following are typical physical and environmental IT controls?

A.

Locating servers in locked rooms with restricted admission.

B.

Applying encryption where confidentiality is a stated requirement.

C.

Allocating and controlling access rights according to the organization's stated policy.

D.

Ensuring a tightly controlled process for applying all changes and patches to software, systems, network components, and data.

Which of the following authentication controls combines what a user knows with the unique characteristics of the user, respectively?

A.

Voice recognition and token

B.

Password and fingerprint

C.

Fingerprint and voice recognition

D.

Password and token

An internal auditor was asked to review an equal equity partnership. In one sampled transaction, Partner A transferred equipment into the partnership with a self-declared value of $10,000, and Partner B contributed equipment with a self-declared value of $15,000. The capital accounts of each partner were subsequently credited with $12,500. Which of the following statements is true regarding this transaction?

A.

The capital accounts of the partners should be increased by the original cost of the contributed equipment.

B.

The capital accounts should be increased using a weighted average based on the current percentage of ownership.

C.

No action is necessary as the capital account of each partner was increased by the correct amount.

D.

The capital accounts of the partners should be increased by the fair market value of their contribution.

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

A.

Identify data anomalies and outliers

B.

Define questions to be answered

C.

Identify data sources available

D.

Determine the scope of the data extract