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Question 1

An internal auditor is reviewing physical and environmental controls for an IT organization. Which control activity should not be part of this review?

Options :

A : Develop and test the organization-s disaster recovery plan.

B : Install and test fire detection and suppression equipment.

C : Restrict access to tangible IT resources.

D : Ensure that at least one developer has access to both systems and operations.

Answer: D

Question 2

A small chain of grocery stores made a reporting error and understated its ending inventory. What effect would this have on the income statement for the following year?

Options :

A : Net income would be understated

B : Net income would not be affected

C : Net income would be overstated

D : Net income would be negative

Answer: A

Question 3

Which of the following stages of group development is associated with accepting team responsibilities?

Options :

A : Forming stage.

B : Performing stage.

C : Norming stage.

D : Storming stage.

Answer: C

Question 4

An organization has a declining inventory turnover but an increasing gross margin rate. Which of the following statements can best explain this situation?

Options :

A : The organization-s operating expenses are increasing

B : The organization has adopted just-in-time inventory

C : The organization is experiencing inventory theft

D : The organization-s inventory is overstated

Answer: C

Question 5

An internal audit team is trialing a data analytics tool. An extract from accounts payable was loaded into the tool and as a result, the tool flagged most of the transactions, thus yielding no meaningful results. After investigating, the audit team determined that the extract contained duplicate entries and spelling issues. Which of the following should have been performed prior to loading the data into the analytics tool?

Options :

A : Data segregation.

B : Data stratification.

C : Data normalization.

D : Data quantification.

Answer: C