Question 1

Where does an internal auditor typically spend most of his time auditing today?

Options :

A : People

B : Process

C : Technology

D : Infrastructure

Answer: B

Question 2

Which risk identification involves creating alternative ways to achieve an objective?

Options :

A : Scenario Based

B : Objectives-Based

Answer: A

Question 3

After validating the training curricula, a risk management professional

Options :

A : develops training.

B : develops and schedules training.

C : matches training to audience.

D : schedules and conducts training.

Answer: D

Question 4

Which management ensures that value is created by identifying opportunities for investment, mergers, or acquisition.

Options :

A : Risk

B : Quality

C : Crisis

D : Safety

Answer: A

Question 5

How does a pure risk differ from a speculative risk?

Options :

A : A pure risk always has an environmental cause whereas a speculative risk always involves human error.

B : A pure risk can be measured in probability terms whereas a speculative risk cannot.

C : A pure risk is not subject to regulatory control but a speculative risk always is.

D : A pure risk only leads to the possibility of a loss, whereas a speculative risk may lead to a gain.

Answer: D