An internal auditor is using data analytics to locus on high-risk areas during an engagement. The auditor has obtained data and is working to eliminate redundancies in the data. Which of me following statements is true regarding this scenario?
A. The auditor is normalizing data in preparation for analyzing it
B. The auditor is analyzing the data in preparation for communicating the results
C. The auditor is cleaning the data in preparation for determining which processes may tie involved
D. The auditor is reviewing the data prior to defining the question
Which of the following statements about mentoring is true?
1) Mentoring can be used effectively for increasing employee retention
2) Mentoring can be used effectively in reducing employees frustration.
3) Mentoring can be used effectively for increasing organization communication.
4) Mentoring can be used effectively as a short term activity consisting of instruction and training
A. 1 2. and 3 only.
B. 1. 2 and 4 only
C. 1, 3. and 4 only.
D. 1,2. 3, and 4
In which of the following plans is an employee most likely to find guidance on action and performance standards?
A. Operational plans.
B. Tactical plans.
C. Strategic plans.
D. Mission plans.
For employees, the primary value of implementing job enrichment is which of the following?
A. Validation of the achievement of their goals and objectives.
B. Increased knowledge through the performance of additional tasks.
C. Support for personal growth and a meaningful work experience.
D. An increased opportunity to manage better the work done by their subordinates.
In which of the following scenarios would transfer pricing be used?
A. Company A owns Company B; Company B sells goods to Company A.
B. Company A does not own Company B. Company A charges Company B a fee to sell Company B's goods without taking ownership of the goods.
C. Company A owns both Company B and Company C; all three companies sell goods to the public.
D. Company A moves goods internally from one location to another.
Which of the following statements is true regarding the capital budgeting procedure known as discounted payback period?
A. It calculates the overall value of a project
B. It ignores the time value of money
C. It calculates the time a project takes to break even.
D. It begins at time zero for the project.
A bank uses customer departmentalization to categorize its departments. Which of the following groups best exemplifies this method of categorization?
A. Community institutional and agricultural banking.
B. Mortgages credit cards and savings
C. South southwest and east.
D. Teller manager and IT specialist
Which of the following is the best example of a compliance risk that is likely to arise when adopting a bring-your-own-device (BYOD) policy?
A. The risk that users try to bypass controls and do not install required software updates.
B. The risk that smart devices can be lost or stolen due to their mobile nature.
C. The risk that an organization intrusively monitors personal information stored on smart devices.
D. The risk that proprietary information is not deleted from the device when an employee leaves.
Which of the following types of analytics would be used by an organization to examine metrics by business units and identity the most profitable business units?
A. Detailed analytics
B. Predictive analytics
C. Diagnostic analytics
D. Prescriptive analytics
New data privacy laws require an organization to use collected customer information for me sole purpose of meeting the organization's business requirements. Which of the following best addresses the risk of the organization not complying with this objective?
A. Provide training on social engineering attacks
B. Encrypt the customer information retained by the organization
C. Establish policies that discipline those who misuse customer information
D. Allocate access profiles for each end user of the information
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