Which of the following is the best example of a compliance risk that is likely to arise when adopting a bring-your-own-device (BYOD) policy?
A. The risk that users try to bypass controls and do not install required software updates.
B. The risk that smart devices can be lost or stolen due to their mobile nature.
C. The risk that an organization intrusively monitors personal information stored on smart devices.
D. The risk that proprietary information is not deleted from the device when an employee leaves.
Which type of bond sells at a discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?
A. High-yield bonds.
B. Commodity-backed bonds.
C. Zero coupon bonds.
D. Junk bonds.
An internal auditor is assessing the risks related to an organization's mobile device policy. She notes that
the organization allows third parties (vendors and visitors) to use outside smart devices to access its
proprietary networks and systems.
Which of the following types of smart device risks should the internal auditor be most concerned about?
A. Compliance.
B. Privacy.
C. Strategic.
D. Physical security.
In an organization that produces chocolate, the leadership team decides that the organization will open a milk production facility for its milk chocolate. Which of the following strategies has the organization chosen?
A. Vertical integration.
B. Unrelated diversification.
C. Differentiation.
D. Focus.
Which of the following types of data analytics would be used by a hospital to determine which patients are likely to require readmittance for additional treatment?
A. Predictive analytics.
B. Prescriptive analytics.
C. Descriptive analytics.
D. Diagnostic analytics.
The audit committee has asked the internal audit activity to integrate data analytics into all work programs going forward. To accomplish this, which of the following describes the first step an audit team should take when planning for an audit?
A. Ensure that there are sufficient audit resources or train personnel in data analytics.
B. Obtain and assess as much data as possible for the audit.
C. Identify the business question or need, data required, and expected results.
D. Gain management's approval and willingness to accept audit findings based on data analytics.
Which of the following is a project planning methodology that involves a complex series of required simulations to provide information about schedule risk?
A. Monte Carlo Analysis.
B. Project Management Information System (PMIS)
C. Earned Value Management (EVM).
D. Integrated Project Plan.
Which of the following is improved by the use of smart devices?
A. Version control.
B. Privacy.
C. Portability.
D. Secure authentication
An internal auditor considers the financial statement of an organization as part of a financial assurance engagement. The auditor expresses the organization's electricity and depreciation expenses as a percentage of revenue to be 10% and 7% respectively. Which of the following techniques was used by the internal auditor in this calculation?
A. Horizontal analysis.
B. Vertical analysis.
C. Ratio analysis.
D. Trend analysis.
Which of the following is a primary driver behind the creation and prioritization of new strategic initiatives established by an organization?
A. Risk tolerance.
B. Performance.
C. Threats and opportunities.
D. Governance.
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