Question 1
Which of the following factors is most likely to lead to a lack of cohesiveness in a project team?
Question 2
Which of the following is a primary driver behind the creation and prioritization of new strategic initiatives established by an organization?
Question 3
When developing an effective risk-based plan to determine audit priorities, an internal audit activity should start by:
Question 4
During the last year, an organization had an opening inventory of $300,000, purchases of $980,000, sales of
$1,850,000, and a gross margin of 40 percent. What is the closing inventory if the periodic inventory system is used?
$1,850,000, and a gross margin of 40 percent. What is the closing inventory if the periodic inventory system is used?
Question 5
An assurance mapping exercise helps an organization do which of the following?
1. Provide assurance to stakeholders that risks are managed and reported, and regulatory and legal obligations are met.
2. Fulfill best practices in the industry.
3. Identify and address any gaps in the risk management process.
4. Identify fraud.
1. Provide assurance to stakeholders that risks are managed and reported, and regulatory and legal obligations are met.
2. Fulfill best practices in the industry.
3. Identify and address any gaps in the risk management process.
4. Identify fraud.