All of the following are possible explanations for a significant unfavorable material efficiency variance except:

• A.Cutbacks in preventive maintenance.
• B.An inadequately trained and supervised labor force.
• C.A large number of rush orders.
• D.Production of more units than planned for in the master budget.

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Which of the following security controls would be the most effective in preventing security breaches?

• A.Audit of access rights.
• B.Approval of identity request.
• C.Access logging.
• D.Monitoring privileged accounts.

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Which of the following costs would be incurred in an inventory stockout?

• A.Lost customers, safety stock, and backorder.
• B.Lost sales, lost customers, and backorder.
• C.Lost sales, safety stock, and backorder.
• D.Lost sales, lost customers, and safety stock.

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According to IIA guidance, which of the following would be the best first step to manage risk when a third party is overseeing the organization's network and data?

• A.Applying administrative privileges to ensure right-to-access controls are appropriate
• B.Creating a standing cybersecurity committee to identify and manage risks related to data security
• C.Drafting a strong contract that requires regular vendor control reports and a right-to-audit clause.
• D.Creating a comprehensive reporting system for vendors to demonstrate their ongoing due diligence in network operations

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The chief audit executive (CAE) has embraced a total quality management approach to improving the internal audit activity's (IAA's) processes. He would like to reduce the time to complete audits and improve client ratings of the IAA.
Which of the following staffing approaches is the CAE most likely to select?

• A.Assign a team to each audit, designate a single person to be responsible for each phase of the audit, and limit decision making outside of their area of responsibility.
• B.Assign a team of personnel who have different specialties to each audit and empower team members to participate fully in key decisions.
• C.Assign a team of personnel who have similar specialties to specific engagements that would benefit from those specialties and limit key decisions to the senior person.
• D.Assign a team with a trained audit manager to plan each audit and distribute field work tasks to various staff auditors.

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