Which of the following statements is true regarding the roles and responsibilities associated with a corporate social responsibility (CSR) program?

• A.The internal audit activity is responsible for ensuring that CSR principles are integrated into the organization's policies and procedures.
• B.Every employee has a responsibility for ensuring the success of the organization's CSR objectives.
• C.The board has overall responsibility for the internal control processes associated with the CSR program.
• D.Management has overall responsibility for the effectiveness of governance, risk management, and internal control processes associated with the CSR program.

Comment: *

Name: *

Email: *

Verification: *

A holding company set up a centralized group technology department, using a local area network with a mainframe computer to process accounting information for all companies within the group. An internal auditor would expect to find all of the following controls within the technology department except:

• A.Adequate segregation of duties between data processing controls and file security controls.
• B.Documented procedures for remote job entry and for local data file retention.
• C.Emergency and disaster recovery procedures and maintenance agreements in place to ensure continuity of operations.
• D.Established procedures to prevent and detect unauthorized changes to data files.

Comment: *

Name: *

Email: *

Verification: *

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

• A.Established strategy of players.
• B.Technical expertise.
• C.High unit costs.
• D.Low number of new firms.

Comment: *

Name: *

Email: *

Verification: *

An organization has a total asset turnover of 3.0 times and a total debt-to-total assets ratio of 80 percent. If the organization has total debt of $1 000 000 what is the organization's sales level?

• A.$266.667
• B.$5 000.000
• C.$3.750.000
• D.$416,667

Comment: *

Name: *

Email: *

Verification: *

An organization has a complex systems infrastructure consisting of multiple internally developed, off the shelf, and purchased but significantly customized applications. Some of these applications share databases or process data that is used by another stand-alone application, and interfaces have been written to move data between these applications as needed through batch processing Which of the following situations presents the greatest risk exposure given this environment?

• A.Documentation of each system and its interactions, interfaces, and dependencies with other systems and databases is not gathered and maintained.
• B.The job scheduling tool frequently malfunctions, causing scheduled jobs not to run. An error message is sent to IT personnel when a job fails.
• C.Batch processing jobs include key financial data that is not posted to the accounting system until the next day. preventing real-time queries.
• D.The implementation of a major update for a key application is delayed until any potential interdependencies are identified and analyzed.

Comment: *

Name: *

Email: *

Verification: *