Online Access Free P3 Practice Test

A junior sales clerk at BCD, a wholesale jewellers, received an email which appeared to be from a well known parcel delivery company informing her that a delivery had been attempted outside office hours and had consequently failed She was asked to click on a link and complete some seemingly innocent but logical questions to effect the delivery on the next day She thought no more about it but was very surprised the next month to be awarded salesperson of the month as her sales had doubled Unfortunately, on investigation it was found that this was as a result of several fraudulent orders for high-value items that had seemingly been placed by an existing customer but delivered to a new address, which turned out to be a temporary box number The existing customer's credit card had been fraudulently charged for these orders Which of the following types of cyber-attack had the sales clerk been a victim of?

• A.Botnets
• B.Malvertising
• C.Trojan
• D.Ransomware

UIO sells mobile phones through a cham of 100 shops spread across the country Shop managers have considerable discretion over pncmg and the incentives offered to sales staff Shop managers are evaluated on the monthly contribution from completed sales. Those who exceed targets by more than 10% for three successive months are promoted Those who fail to achieve monthly targets in two successive months lose their jobs Which of the following statements are true of the performance management of UIO's shop managers?
Select ALL that apply.

• A.UIO's shop managers have an incentive to develop attractive sates promotions for their shops
• B.UIO's shop managers have an incentive to offer excellent customer service
• C.UIO's shop managers may have very little sense of loyalty to the company
• D.UIO's shop managers are encouraged to take risks that may harm UIO
• E.UIO's shop managers are encouraged to sell phones at a loss

Company C wishes to recruit an employee who will have responsibility for, among other things, the receipt and handling of cash. Which THREE of the following would be most likely to provide useful information about the candidate from the point of view of the Internal Auditor?

• A.Confirmation that the candidate does not have a criminal record.
• B.The candidate's personal referees.
• C.References from previous employers of the candidate.
• D.The candidate's membership of a professional body.
• E.The candidate's academic qualifications.

A publicly funded hospital has put various features in place in an attempt to improve strategic control and create an improved control environment.
Which TWO of the following features are most likely to meet this objective?

• A.An Audit Committee consisting of five independent persons with expertise in finance, human resources, and medicine.
• B.The setting up of a Risk Management Committee to examine the strategic risks applicable to the entity and to formally report on a quarterly basis.
• C.Ensuring that the Head of Internal Audit examines and authorises all expense claims by hospital staff.
• D.Ensuring that all medical staff are aware that their first priority should be to discharge patients as quickly as possible at all times so as to minimise wasting hospital resources.
• E.A strict policy of capping the maximum salary payable to any employee at 110% of the average earned by that category of employee in the country in which the hospital is located.

M, a manufacturing company, has had some problems with defects in one of the main products it produces.
This product has been made by the company for many years and is very profitable. Last month it had over 300 defects reported by customers which is more than 15% of products sold. This is a reputation risk for M and is also affecting profitability.
Which of the following controls could M introduce to reduce defects and also increase profitability?

• A.M could introduce a procedure where quality control staff sign a form at the end of each day to say they have examined 1 in 10 products for defects and they are satisfied with the quality.
• B.M could service machinery at least once a month as recommended by the machinery supplier.
• C.M could check all employees qualifications to ensure they are qualified for their jobs.
• D.The production director could examine one in every 10 products and sign a form to say they are satisfactory.
• E.M could increase the number of quality control staff.