Question 1

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?

Options :

A : Interviewing the organization-s employees.

B : Observing the organization-s operations.

C : Reading the board-s minutes.

D : Inspecting manuals and documents.

Answer: C

Question 2

Which of the following is a characteristic of an emerging industry?

Options :

A : Established strategy of players.

B : Low number of new firms.

C : High unit costs.

D : Technical expertise.

Answer: C

Question 3

Which of the following describes a typical desktop workstation used by most employees in their daily work?

Options :

A : Workstation contains software that prevents unauthorized transmission of information into and out of the organization-s network.

B : Workstation contains software that controls information flow between the organization-s network and the Internet.

C : Workstation contains software that enables the processing of transactions and is not shared among users of the organization-s network.

D : Workstation contains software that manages user-s access and processing of stored data on the organization-s network.

Answer: C

Question 4

After purchasing shoes from an online retailer, a customer continued to receive additional unsolicited offers from the retailer and other retailers who offer similar products. Which of the following is the most likely control weakness demonstrated by the seller?

Options :

A : Excessive collecting of information

B : Application of social engineering.

C : Retention of incomplete information

D : Undue disclosure of information

Answer: D

Question 5

During a review of the accounts payable process, an internal auditor gathered all of the vendor payment transactions for the past 24 months. The auditor then used an analytics tool to identify the top five vendors that received the highest sum of payments.

Which of the following analytics techniques did the auditor apply?

Options :

A : Process analysis.

B : Process mining.

C : Data analysis.

D : Data mining.

Answer: A