Question 1

A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:

Options :

A : A transmission control protocol/Internet protocol (TCP/IP).

B : An operating system.

C : A web browser.

D : A web server.

Answer: C

Question 2

Which of the following statements is true regarding reversing entries in an accounting cycled

Options :

A : Reversing all previous closing adjustments is a mandatory step in the accounting cycle

B : Reversing entries should be completed at the end of the next accounting period after recording regular transactions of the period

C : Reversing entries are identical to the adjusting entries made in the previous period.

D : Reversing entries are the exact opposite of the adjustments made in the previous period.

Answer: D

Question 3

Which of the following is an appropriate role for the internal audit activity with regard to the organization's risk management program?

Options :

A : Identify and manage risks in line with the organization-s risk appetite.

B : Ensure that a proper and effective risk management process exists.

C : Attain an adequate understanding of the organization-s key risk mitigation strategies.

D : Identify and ensure that appropriate controls exist to mitigate risks.

Answer: C

Question 4

Which of the following is the first step an internal audit activity should undertake when executing a data analytics process'?

Options :

A : Conduct a risk assessment regarding the effectiveness of the data analytics process.

B : Analyze possible and available sources of raw data

C : Define the purpose and the anticipated value

D : Select data for cleaning and normalization procedures.

Answer: B

Question 5

According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?