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خذ اختبارات أخرى عبر الإنترنت
السؤال #1
A cost-volume-profit model developed in a dynamic environment determined that the estimated parameters used may vary between limits. Subsequent testing of the model with respect to all possible values of the estimated parameters is termed
A. sensitivity analysis
B. tatistical estimation
C. tatistical hypothesis testing
D. time-series study
عرض الإجابة
اجابة صحيحة: A
السؤال #2
Which is the least effective form of risk management?
A. ystems-based preventive control
B. eople-based preventive control
C. ystems-based detective control
D. eople-based detective control
عرض الإجابة
اجابة صحيحة: D
السؤال #3
During the year. an entity's balance sheet accounts increased by the following amounts:Profit for the year was US $42, 000. The only other change in retained earnings was for the declaration of cash dividends. The amount of dividends declared was
A. S $2, 000
B. S $17, 000
C. S $33, 000D US $67, 000
عرض الإجابة
اجابة صحيحة: B
السؤال #4
Which of the following best defines an audit opinion?
A. summary of the significant audit observations and recommendations
B. n auditor's evaluation of the effects of the observations and recommendations on the activities reviewed
C. conclusion which must be included in the audit report
D. recommendation for corrective action
عرض الإجابة
اجابة صحيحة: B
السؤال #5
According to the International Professional Practices Framework, which of the following are allowable activities for an internal auditor?I). Advocating the establishment of a risk management function.II). Identifying and evaluating significant risk exposures during audit engagements.III). Developing a risk response for the organization if there is no chief risk officer.IV). Benchmarking risk management activities with other organizations.V). Documenting risk mitigation strategies and techniques.
A. V and V only
B. , II, and III only
C. , II, IV, and V only
D. I, III, IV, and V only
عرض الإجابة
اجابة صحيحة: C
السؤال #6
Which of the following types of risk factors are used within risk models to establish the priority of internal audit engagements?I). Management competence.II). Quality of internal controls.III). Audit staff experience.IV). Regulatory requirements.
A. I only
B. , II, and III only
C. , II, and IV only
D. , III, and IV only
عرض الإجابة
اجابة صحيحة: C
السؤال #7
What is Lally's current tax expense for Year 2?
A. S $1, 960, 000
B. S $1, 992, 000
C. S $2, 000, 000
D. S $2, 032, 000
عرض الإجابة
اجابة صحيحة: B
السؤال #8
Noncompliance with which of the following would cause a control deficiency related to privacy protection practices?I). An organization's internal privacy policiesII). Financial accounting standardsIII). Privacy laws and regulationsIV). The Standards
A. and III only
B. I and IV only
C. I, III, and IV only
D. , II, III, and IV
عرض الإجابة
اجابة صحيحة: A
السؤال #9
Continuing Professional Education (CPE) hours for Certified Internal Auditors may be achieved by
A. ttending audit staff meetings
B. erifying that all completed audit tests are fully documented
C. ublishing an article on the company's internal audit department
D. btaining experience on the job
عرض الإجابة
اجابة صحيحة: C
السؤال #10
A contingent asset is
A. ecognized when condemnation awards are probable or can be reliably estimated
B. ecognized when damages to be awarded in a copyright infringement suit are highly probable
C. ecognized when disclosure in the notes to financial statements only could be misleading
D. ot recognized under any circumstances
عرض الإجابة
اجابة صحيحة: D
السؤال #11
An entity sells a piece of machinery, for cash, prior to the end of its estimated useful life. The sale price is less than the carrying amount of the asset on the date of sale. The entry that the entity uses to record the sale is
A. ption A
B. ption B
C. ption C
D. ption D
عرض الإجابة
اجابة صحيحة: A
السؤال #12
Which of the following statements is true for a defined contribution post employment benefit plan?
A. he employer is required to contribute a certain amount each period based on the plan's formula
B. he employer bears the risk of the plan's investment performance
C. ost employment benefits received by employees are defined by the plan's formula
D. he employer and employees are required to contribute equal amounts to the fund
عرض الإجابة
اجابة صحيحة: A
السؤال #13
A retail store uses a computerized perpetual inventory system with annual physical counts. The best approach for determining whether item counts in the perpetual inventory records are accurate at interim dates is to use generalized audit software to
A. enerate stratified random samples of items for manual counting and compare counts to perpetual inventory records
B. ompare beginning and ending perpetual inventory counts after adjustment for sales and replenishments
C. ompute revised item count values by adjusting existing counts for spoilage and shrinkage
D. imulate inventory transactions between physical inventory counts taken annually
عرض الإجابة
اجابة صحيحة: A
السؤال #14
At December 31 of Year 1, an entity had a provision of US $40, 000 for the "Estimated Liability under Warranties" account. During Year 2, the entity sold 1, 000 new units under warranties reliably estimated at US $100 per unit. The actual parts and labor warranty expenditures for Year 2 were US $90, 000. Warranty expense for Year 2 should be
A. S $40, 000
B. S $50, 000
C. S $90, 000
D. S $100, 000
عرض الإجابة
اجابة صحيحة: D
السؤال #15
According to the International Professional Practices Framework, which of the following would be considered a scope limitation?I). Divisional management indicates that since the division is in the process of converting a major computer system, the information systems portion of the planned audit will have to be postponed until next year.II). The audit committee reviews the audit plan for the year and deletes an audit that the director thought was important to conduct.III). The sales manager indicates that c
A. only
B. I only
C. and III only
D. I and III only
عرض الإجابة
اجابة صحيحة: C
السؤال #16
Now assume the terms required the seller to deliver to the destination instead of the shipping point. What is the correct amount of inventory and freight-in relating to this purchase on the Year 1 financial statements?
A. ption A
B. ption B
C. ption C
D. ption D
عرض الإجابة
اجابة صحيحة: A
السؤال #17
A pricing strategy that sells combinations of products at a price lower than the combined prices of the individual items is
A. redatory pricing
B. oing-rate pricing
C. roduct-bundle pricing
D. aptive-product pricing
عرض الإجابة
اجابة صحيحة: C
السؤال #18
The primary reason that a bank would maintain a separate compliance function is to
A. etter manage perceived high risks
B. trengthen controls over the bank's investments
C. nsure the independence of line and senior management
D. etter respond to shareholder expectations
عرض الإجابة
اجابة صحيحة: A
السؤال #19
In December Year 1 catalogs were printed for use in a special promotion in January Year2. The catalogs were delivered by the printer on December 13. Year 1 with an invoice for US $70, 000 attached. Payment was made in January Year 2. The US $70.000 should be reported as a deferred cost at the December 31. Year I). balance sheet date because of the
A. atching principle
B. evenue recognition principle
C. eliability principle
D. ost principle
عرض الإجابة
اجابة صحيحة: A
السؤال #20
An employee's right to obtain postemployment benefits regardless of whethers)he remains employed is known as his/her.
A. ervice cost
B. efined benefit plan
C. ested benefits
D. dditional minimum liability
عرض الإجابة
اجابة صحيحة: C
السؤال #21
An investment company is attempting to allocate its available funds between two investment alternatives, stocks and bonds, which differ in terms of expected return and risk. The company would like to minimize its risk while earning an expected return of at least 10% and investing no more than 70% in either of the investment alternatives. An appropriate technique for allocating its funds between stocks and bonds is
A. inear programming
B. apital budgeting
C. ifferential analysis
D. ueuing theory
عرض الإجابة
اجابة صحيحة: A
السؤال #22
The inventory model that follows the concept that 80% of the value of an inventory is in 20% of the inventory items is the
A. BC system
B. conomic order quantity EOQ) model
C. ust-in-time inventory system
D. aterials requirements planning MRP) system
عرض الإجابة
اجابة صحيحة: A
السؤال #23
An organization has adopted the robust quality approach. According to this view of quality,
A. he minimum point on the total quality cost curve occurs when conformance cost per unit equals nonconformance cost per unit
B. mproving quality requires tradeoffs among categories of quality costs
C. eyond some point, incurrence of prevention and appraisal costs is not cost beneficial
D. osts in all categories of quality costs may be reduced while improving quality
عرض الإجابة
اجابة صحيحة: D
السؤال #24
An entity with total aside t, of US $100, 000, 000 and profit of US purchases staplers with an estimated life of 10 years for US $1, 000. In connection with the purchase, the company debits miscellaneous expense. This scenario is most closely associated with which of the following cone opts or principles?
A. ateriality and going concern
B. elevance and neutrality
C. eliability and comparability
D. ateriality and the balance between cost and benefit
عرض الإجابة
اجابة صحيحة: D
السؤال #25
The costs of quality that are incurred in detecting units of product that do not conform to product specifications are referred to as
A. reventive costs
B. ppraisal costs
C. nternal failure costs
D. xternal failure costs
عرض الإجابة
اجابة صحيحة: B
السؤال #26
An internal audit activity includes in its audit reports the assertion that its work is performed inconformance with the International Standards for the Professional Practice of Internal Auditing{Standards). A recent external quality assessment concluded that the internal audit activity hadsubstantial deficiencies that impact its overall operations. According to IIA guidance, which of thefollowing is the most appropriate action for issuing future audit reports?
A. efrain from indicating that the internal audit activity operates in conformance with the Standards until the chief audit executive confirms that the internal audit activity has addressed all areas of nonconformance and the audit committee has been notified
B. efrain from indicating that the internal audit activity operates in conformance with the Standards until another external assessment confirms that the significant areas of nonconformance have been addressed
C. ndicate that the internal audit activity operates in partial conformance with the Standards, as the internal audit activity has a quality assurance and improvement program in place to address deficiencies and has met the requirement for conducting an external assessment
D. pdate and reissue previous audit reports, removing the assertion that the internal audit activity operates in conformance with the Standards, and distribute them to all parties who received the original reports
عرض الإجابة
اجابة صحيحة: B
السؤال #27
The following are potential sources of evidence regarding the effectiveness of a division's total quality management program. The least persuasive evidence would be a comparison of
A. mployee morale before and after program implementation
B. crap and rework costs before and after program implementation
C. ustomer returns before and after program implementation
D. anufacturing and distribution costs per unit before and after program implementation
عرض الإجابة
اجابة صحيحة: A
السؤال #28
The arrival time follows which probability distribution?
A. inomial
B. hi-Square
C. oisson
D. xponential
عرض الإجابة
اجابة صحيحة: C
السؤال #29
A company owns a machine that will produce 100 light switches in four hours. Due to increased demand, a second machine capable of producing 100 light switches in three hours has been added. Approximately how many hours will it take to produce 100 light switches using both machines working together?
A.
B.
C.
D.
عرض الإجابة
اجابة صحيحة: C
السؤال #30
Copper Co will report year-end total assets of
A. S $800, 000
B. S $890, 000
C. S $950, 000
D. S $1, 010, 000
عرض الإجابة
اجابة صحيحة: B
السؤال #31
Which of the following situations might allow an employee to steal checks sent to an organization and subsequently cash them?
A. hecks are not restrictively endorsed when received
B. nly one signature is required on the organization's checks
C. ne employee handles both accounts receivable and purchase orders
D. ne employee handles both cash deposits and accounts payable
عرض الإجابة
اجابة صحيحة: A
السؤال #32
An auditor, assigned to review a complex computer system that had undergone a few system changes, obtained the prior flowchart used. Which of the following would be the most efficient way to document the changes?
A. reate a new flowchart reflecting the system changes
B. repare a detailed narrative instead of a flowchart to describe the updated system
C. dd a detailed narrative to the prior flowchart to describe the changes to the system
D. ake the necessary adjustments on a copy of the prior flowchart and save as a new version
عرض الإجابة
اجابة صحيحة: D
السؤال #33
Auditors 1, 2, and 3 work out of various offices. Each must be assigned to one, and only one, of three audit locations (A, B, or C). The cost of sending each auditor to each location is listed below Audit Locations Auditor 1 Auditor 2 Auditor 3 A $200 $400 $200 B $300 $300 $200 C $400 $600 $500 The minimum cost with which this assignment can be accomplished is
A. 800
B. 900
C. 1,000
D. 1,100
عرض الإجابة
اجابة صحيحة: B
السؤال #34
Which of the following is not a characteristic of an effective evaluation system?
A. elevant
B. ignificant
C. nbiased
D. ighly structured
عرض الإجابة
اجابة صحيحة: D
السؤال #35
In obtaining accounts receivable confirmations, an auditor would most likely use generalized audit software to
A. est the results of calculations
B. ompare data from other audit procedures
C. elect and print accounts to be confirmed
D. etermine the accuracy of individual accounts
عرض الإجابة
اجابة صحيحة: C
السؤال #36
Which of the following is true of engagement recommendations?I). Specific suggestions for implementation must be included.II). The internal auditor's observations and conclusions may serve as the basis.III). Actions to correct existing conditions or improve operations may be included.IV). Approaches to correcting or enhancing performance may be suggested.
A. only
B. II only
C. , III, and IV only
D. I, III, and IV only
عرض الإجابة
اجابة صحيحة: D
السؤال #37
According to the International Professional Practices Framework, which of the following is true with respect to the different roles in the risk management process?I). Boards have an oversight role.II). Acceptance of residual risks can reside with the chief audit executive.III). The board can delegate the operation of the risk management framework to the management team.IV). The internal audit activity's role can range from having no responsibilities to managing and coordinating the process.
A. only
B. I and IV only
C. , III, and IV only
D. , II, III, and IV
عرض الإجابة
اجابة صحيحة: C
السؤال #38
Which of the following would be most relevant regarding the internal control environment?
A. ssessing controls over computerized applications
B. ocumenting the organizational structure
C. omparing and validating internal performance with external benchmarking
D. aintaining and reviewing detailed financial records
عرض الإجابة
اجابة صحيحة: B
السؤال #39
While auditing a marketing department, the internal auditor discovered that the product life cycle model was used to structure the marketing mix. Under such a philosophy, the price charged on a consistent basis for a specific product would probably be lowest during which life cycle stage?
A. ntroduction stage
B. rowth stage
C. aturity stage
D. ecline stage
عرض الإجابة
اجابة صحيحة: C
السؤال #40
If an entity employs the sum-of-the-years'-digitsSYD) method of depreciation for an asset with an estimated useful life of 4 years, the percentage of the total depreciable cost that will be expensed in the third year is
A. 0%
B. 5%
C. 0%
D. 0%
عرض الإجابة
اجابة صحيحة: C
السؤال #41
Time series forecasting models can include which of the following components?I). Trends.II). Seasonal variations.III). Cycles.
A. only
B. and II only
C. I and III only
D. , II, and III
عرض الإجابة
اجابة صحيحة: D
السؤال #42
What ensures that a company is complying with the documented quality management system QMS: procedures and ISO 9000 standards?
A. he internal audit
B. he registrar
C. n-site inspections by an external auditor
D. anagement commitment
عرض الإجابة
اجابة صحيحة: A
السؤال #43
Queuing models are concerned with balancing the cost of waiting in the queue with the
A. ost of providing service
B. umber of customers in the queue
C. verage waiting time in the queue
D. sage rate for the service being rendered
عرض الإجابة
اجابة صحيحة: A
السؤال #44
Actual and projected sales of an entity for September and October are a'-, follows:All credit sales are collected in the month following the month in which the sale is made. The September 30 cash balance is US $23, 000. Cash disbursements in October are projected to be US $94, 000. To maintain a minimum cash balance of US $15, 000 on October 31, the entity will need to borrow
A. S $0
B. S $6, 000
C. S $11, 000
D. S $16, 000
عرض الإجابة
اجابة صحيحة: B
السؤال #45
The Plan-Do-Check-Act PDC}A) cycle is a quality tool devised by\ALE. Denning. How is PDC A best described
A. "management by fact" approach to continuous improvement
B. n ongoing evaluation of the practices of best-in-class organizations
C. he translation of customer requirements into design requirements
D. he responsibility of every employee, work group, department, or supplier to inspect the work
عرض الإجابة
اجابة صحيحة: A
السؤال #46
Which of the following is typically not a reason for committing financial statement fraud?
A. o dispel negative market perception
B. o disguise a duplicate payment to a vendor
C. o obtain more favorable terms on financing
D. o receive performance related bonuses
عرض الإجابة
اجابة صحيحة: B
السؤال #47
An entity sells inventory for US $80, 000 that had an inventory cost of U'; $40, 1: X11 i1: i The terms of the sale involve payments receivable of US $10, 000 in the first year, 11F; $45, 000 in the second year, and US $25, 000 in the third year. The buyer of the inventory is a new firm with no credit history. If the cost-recovery method of revenue recognition is used, the amount of gross profit to be recognition in the second year is
A. S $0
B. S $5, 000
C. S $15, 000
D. S $45, 000
عرض الإجابة
اجابة صحيحة: C
السؤال #48
A cable television entity receives deposits from customers that are refunded when service is terminated. The average customer stays with the entity 8 years. How should these deposits be shown on the financial statements?
A. perating revenue
B. ther revenue
C. hare capital
D. iability
عرض الإجابة
اجابة صحيحة: D
السؤال #49
During which of the following systems development stages would it be most useful for an internal auditor to be involved?
A. oding and testing
B. ser acceptance and post implementation
C. esign and implementation
D. esting and user acceptance
عرض الإجابة
اجابة صحيحة: C
السؤال #50
Market-based pricing involves
A. dding a standard markup to the cost of the product
B. etermining the price at which the product' will earn a target profit
C. asing prices on the product's perceived value
D. asing prices on competitors' prices
عرض الإجابة
اجابة صحيحة: C
السؤال #51
A firm sells its product in a foreign market for a much higher price than in its home market.The reason is most likely
A. rice elasticity of demand
B. umping
C. ray market activity
D. rice escalation
عرض الإجابة
اجابة صحيحة: D
السؤال #52
On the year-end financial statements, the company will report cost of goods sold of
A. S $440, 000
B. S $620, 000
C. S $670
D. S $900, 000
عرض الإجابة
اجابة صحيحة: A
السؤال #53
To determine if a new computer system is improving the use of a manufacturer's limited facilities in serving the largest number of customers, an auditor should compare
A. he number of reworked orders and their costs before and after system installation
B. nventory and materials handling costs before and after system installation
C. he number of orders filled and their cycle times before and after system installation
D. he number of reworked orders and orders filled before and after system installation
عرض الإجابة
اجابة صحيحة: C
السؤال #54
An entity has a 50% gross margin, general and administrative expenses of US $50, interest expense of US $20, and profit of US $10 for the year just ended_ If the corporate tax rate is 50%, the level of sales for the year just ended was
A. S $90
B. S $135
C. S $150
D. S $180
عرض الإجابة
اجابة صحيحة: D
السؤال #55
Which of the following might alert an auditor to the possibility of fraud in a division?I). The division is not scheduled for an external audit this year.II). Sales have increased by 10 percent.III). A significant portion of management's compensation is directly tied to reported net income of the division.
A. only
B. II only
C. and II only
D. , II, and III
عرض الإجابة
اجابة صحيحة: B
السؤال #56
An example of an internal nonfinancial benchmark is
A. he labor rate of comparably skilled employees at a major competitor's plant
B. he average actual cost per pound of a specific product at the company's most efficient plant
C. US $50, 000 limit on the cost of employee training programs at each of the company's plants
D. he percentage of customer orders delivered on time at the company's most efficient plant
عرض الإجابة
اجابة صحيحة: D
السؤال #57
Which of the following is a characteristic of total quality management TQM)?
A. anagement by objectives
B. n-the-job training by other workers
C. uality by final inspection
D. ducation and self-improvement
عرض الإجابة
اجابة صحيحة: D
السؤال #58
In addition to risk materiality, which of the following should be considered during the process of ranking and validating an organization's risk priorities?
A. ossible financial loss
B. ompetency of internal audit staff
C. ikelihood of risk occurrence
D. iquidity of assets
عرض الإجابة
اجابة صحيحة: C
السؤال #59
According to the International Professional Practices Framework, which of the following is an acceptable method of Continuing Professional Education?I). Attending college courses.II). Attending conferences and seminars.III). Joining and participating in professional societies.IV). Participating in research projects.
A. and III only
B. I and IV only
C. , II, and III only
D. , II, III, and IV
عرض الإجابة
اجابة صحيحة: D
السؤال #60
Which of the following would constitute a violation of the IIA Code of Ethics?
A. n internal auditor, who has recently joined the organization, has accepted an assignment to audit the electronics manufacturing division
B. n internal auditor has accepted an assignment to audit the warehousing function six months from now
C. n internal auditor has no ambitions for promotion and has not engaged in training or other professional development activities during the last three years
D. n internal auditor discovered an internal financial fraud during the year, and the financial statements were adjusted to properly reflect the loss associated with the fraud
عرض الإجابة
اجابة صحيحة: C
السؤال #61
The entity had net purchases for the period of
A. S $340
B. S $346
C. S $370
D. S $376
E. nswer is Pending
عرض الإجابة
اجابة صحيحة: E
السؤال #62
Product-quality-related costs are part of a total quality control program. A product-quality- related cost incurred in detecting individual products that do not conform to specifications is an example of a n)
A. revention cost
B. ppraisal cost
C. xternal failure cost
D. pportunity cost
عرض الإجابة
اجابة صحيحة: B
السؤال #63
An entity donated land to a municipal for a park. cost of the land was US $75, 000, and the market value at the time of the donation was US $2, as determined by a professional appraisal. If the entity has not chosen to adopt the cost model for- n' r ant of property. plant, and equipment subsequent to initial recognition, the journal entry to record the dial."";itlmn _ of the land is
A. ption A
B. ption B
C. ption C
D. ption D
عرض الإجابة
اجابة صحيحة: C
السؤال #64
An internal audit activity that reports both functionally and administratively to the chief financial officer is more likely to
A. roduce business-oriented and relevant findings
B. ave its audit independence questioned
C. roduce fewer audit recommendations
D. ave its recommendations implemented by management
عرض الإجابة
اجابة صحيحة: B
السؤال #65
An internal auditor for a large regional bank holding company was asked to serve on the board of directors of a local bank. The bank competes in many of the same markets as the bank holding company but focuses more on consumer financing than on business financing. In accepting this position, the auditorI). Violates the IIA Code of Ethics because serving on the board is in direct conflict with the best interests of the auditor's employer.II). Violates the IIA Code of Ethics because the information gained whi
A. only
B. I only
C. II only
D. and II only
عرض الإجابة
اجابة صحيحة: D
السؤال #66
Which of the following does not represent a difficulty in using red flags as fraud indicators?
A. any common red flags are also associated with situations where no fraud exists
B. ome red flags are difficult to quantify or to evaluate
C. ed flag information is only gathered in extraordinary circumstances
D. he red flags literature is not well enough established to have a positive impact on auditing
عرض الإجابة
اجابة صحيحة: D
السؤال #67
An entity sells a durable good to a customer on January 1, Year 1, and the customer is automatically given a 1-year warranty_ The customer also buys an extended warranty package extending the coverage for an additional 2 years to the end of Year 3. At the time of the original sale, the company expects warranty costs to be incurred evenly over the life of the warranty contracts. The customer has only one warranty claim durln2 the 3- year period, and the claim occurs during Year 2. The company will recognize
A. n January 1
B. n Year 2 and Year 3
C. t the time of the claim in Year 2
D. ecember 31
عرض الإجابة
اجابة صحيحة: B
السؤال #68
Which of the following activities is designed to provide feedback on the effectiveness of an internal audit function?I). Proper supervision.II). Proper training.III). Internal assessmentsIV). External assessments
A. , II, and III only
B. , II, and IV only
C. , III, and IV only
D. I, III, and IV only
عرض الإجابة
اجابة صحيحة: C
السؤال #69
In PERT, slack is the
A. ncertainty associated with time estimates
B. ifference between the latest starting time and earliest finishing time
C. ath that has the largest amount of time associated with it
D. umber of days an activity can be delayed without forcing a delay for the entire project
عرض الإجابة
اجابة صحيحة: D
السؤال #70
A company is deciding whether to purchase an automated machine to manufacture one of its products. Expected net cash flows from this decision depend on several factors, interactions among those factors, and the probabilities associated with different levels of those factors. The method that the company should use to evaluate the distribution of net cash flows from this decision and changes in net cash flows resulting from changes in levels of various factors is
A. imulation and sensitivity analysis
B. inear programming
C. orrelation analysis
D. ifferential analysis
عرض الإجابة
اجابة صحيحة: A
السؤال #71
During an audit of a manufacturing facility, an internal auditor noted violations of regulations related to the disposal of hazardous chemicals. The most appropriate action for the auditor to take would be to
A. ssue a written report to the committee that oversees regulatory compliance issues
B. mit the finding in the written audit report, but orally request that facility management change procedures to appropriately dispose of the chemicals
C. nonymously report the finding via the organization's compliance hot line
D. onsult with legal counsel regarding an appropriate course of action before reporting the finding
عرض الإجابة
اجابة صحيحة: D
السؤال #72
A cash flow hedge mitigates risk exposure due to variability in cash flows associated with which of the following?
A. ption A
B. ption B
C. ption C
D. ption D
عرض الإجابة
اجابة صحيحة: B
السؤال #73
Which of the following results in a tax base of zero?
A. rade receivables have a carrying amount of US $1
B. loan receivable has a carrying amount of US $1
C. nearned interest revenue has a carrying amount of US $1
D. ccrued expenses have a carrying amount of US $1
عرض الإجابة
اجابة صحيحة: C
السؤال #74
Which of the following statements is true with respect to value engineering?I). Value engineering is a means of reaching targeted cost levels.II). Value engineering is the Japanese concept that emphasizes continuous improvement in all phases of company activities through numerous minor changes.III). Value engineering requires distinguishing between cost incurrence and locked-in costs, with an emphasis on controlling costs at the design stage.
A. tems I and II only
B. tems I and III only
C. tems II and III only
D. tems I, II, and III
عرض الإجابة
اجابة صحيحة: B
السؤال #75
When using PERT Program Evaluation Review Technique), the expected time for an activity when given an optimistic time A), a pessimistic time B), and a most likely time m) is calculated by which one of the following formulas?
A. \xad a) =2
B. + b) =2
C. + 4m +b) =6
D. abm) =6
عرض الإجابة
اجابة صحيحة: C
السؤال #76
The management discussion and analysis section of a company's annual report typically contains
A. description of the company's primary business and segments
B. discussion of the company's operating results
C. discussion of the future prospects of the company
D. ll of the answers are correct
عرض الإجابة
اجابة صحيحة: D
السؤال #77
When significant change is required, management is least likely to be able to change the organization's
A. embers
B. tructure
C. nvironment
D. echnology
عرض الإجابة
اجابة صحيحة: C
السؤال #78
Which of the following corporate travel policies is least likely to be cost-effective?
A. egotiating corporate agreements with hotels, airlines, and car rental firms
B. racking credits for canceled airline reservations
C. electing the least expensive airline travel available, without regard to total travel time and distance
D. raveling to facilities in tourist areas during the off-season when possible
عرض الإجابة
اجابة صحيحة: C
السؤال #79
A competitive marketing strategy in which a firm specializes in serving customers overlooked or ignored by major competitors is called a
A. arket leader strategy
B. arket challenger strategy
C. ' Market follower strategy
D. arket niche strategy
عرض الإجابة
اجابة صحيحة: D
السؤال #80
Selling below cost in other countries is called
A. redatory pricing
B. rice discrimination
C. umping
D. ollusive pricing
عرض الإجابة
اجابة صحيحة: C
السؤال #81
When reviewing management reports to the board of directors, the internal audit activity should
A. valuate the process used to prepare the management reports
B. aintain supporting documentation for the management reports
C. ie all financial numbers in the reports to the general ledger
D. ompare to prior-period reports for consistency
عرض الإجابة
اجابة صحيحة: A
السؤال #82
The US dollar amount of the costs of quality classified as preventive costs for the manufacturing firm would be
A. S $643, 000
B. S $701, 000
C. S $736, 000
D. S $768, 000
عرض الإجابة
اجابة صحيحة: B
السؤال #83
A chief executive officer CEO) believes that a major competitor may be planning a new campaign. The CEO sends a questionnaire to key personnel asking for original thinking concerning what the new campaign may be. The CEO selects the best possibilities then sends another questionnaire asking for the most likely option. The process employed by the CEO is called the
A. east squares technique
B. elphi technique
C. aximum likelihood technique
D. ptimizing of expected payoffs
عرض الإجابة
اجابة صحيحة: B
السؤال #84
The effective-interest method and the straight-line method of amortizing a bond discount differ in that the effective-interest method results in
A. igher total interest expense over the term of the bonds
B. scalating annual interest expense over the term of the bonds
C. onstant annual interest expense over the term of the bonds
عرض الإجابة
اجابة صحيحة: B
السؤال #85
The purpose of the economic order quantity model is to:
A. inimize the safety stock
B. inimize the sum of the order costs and the holding costs
C. inimize the inventory quantities
D. inimize the sum of the demand costs and the backlog costs
عرض الإجابة
اجابة صحيحة: B
السؤال #86
If bonds payable with a carrying amount equal to par value are refunded by use of a call provision, the call premium of the refunded issue should be
A. mortized over the remaining original life of the extinguished issue
B. mortized over the life of the new issue
C. ecognized currently in profit or loss as an extraordinary item_
D. ecognized currently in profit or loss
عرض الإجابة
اجابة صحيحة: D
السؤال #87
When performing a followup review of an organization's billing function, which of the following would be appropriate?I). Consider followup measures performed by managers in the organization.II). Investigate payables problems that have emerged since completion of the audit.III). Assess the adequacy of corrective measures taken by management
A. and II only
B. and III only
C. I and III only
D. , II, and III
عرض الإجابة
اجابة صحيحة: B
السؤال #88
The chairperson of an organization's audit committee has obtained a risk management report that identifies significant industry concerns that impact the organization. The chairperson has asked the chief audit executive (CAE) to review these concerns and advise if they are relevant to the organization. How should the CAE respond?
A. ccept the engagement but communicate only with the audit committee to protect the confidentiality of the request
B. ecline the engagement because it is outside of the scope of the internal audit charter
C. ecline the engagement because it impairs the internal audit activity's independence
D. ccept the engagement but inform senior management of the request
عرض الإجابة
اجابة صحيحة: D
السؤال #89
A company, which has many branch stares, has decided to use its best-performing stare as a benchmark organization far the purpose of analyzing the accuracy and reliability of branch stare financial reporting. Which one of the fallowing is the most likely measure to be included in a financial benchmark?
A. igh turnover of employees
B. igh level of employee participation in setting budgets
C. igh amount of bad debt write-offs
D. igh number of suppliers
عرض الإجابة
اجابة صحيحة: C
السؤال #90
Which of the following will allow a manufacturer with limited resources to maximize profits?
A. he Delphi technique
B. xponential smoothing
C. egression analysis
D. inear programming
عرض الإجابة
اجابة صحيحة: D
السؤال #91
Which of the following is a benefit from reduced testing during a particular phase of an audit engagement?
A. he size of the internal audit activity can be reduced
B. here is less concern about assessing inherent risk
C. he level of planned audit risk is lowered
D. dditional audit hours are available for pursuing other engagement objectives
عرض الإجابة
اجابة صحيحة: D
السؤال #92
Which of the following types of audit evidence is best defined as the proof of a fact without reliance on presumptions for support?
A. irect
B. ircumstantial
C. onclusive
D. orroborative
E. he answer is pending
عرض الإجابة
اجابة صحيحة: E
السؤال #93
The following data are available from the records of a department store for the year ended December 31, Year 1:Using the retail method to approximate valuation at lower of average cost or net realizable value, the department store's merchandise inventory at December 3-1, Year 1 is
A. S $8
B. S T3
C. r $6
D. S $5, 600
عرض الإجابة
اجابة صحيحة: D
السؤال #94
A film company determined that income level impacts the number of films that people watch per month, as shown by the graph belowThe graph indicates that
A. richer person always sees more films than a poorer person
B. he number of films seen per month is a linear function of income level
C. 20 percent pay increase is more likely to increase film viewing at lower income levels than at higher income levels
D. 20 percent pay increase is likely to increase film viewing by a constant amount regardless of income level
عرض الإجابة
اجابة صحيحة: C
السؤال #95
Which of the following would be the best source of information for a chief audit executive to use in planning future audit staff requirements?
A. iscussions of audit needs with executive management and the audit committee
B. eview of audit staff education and training records
C. eview of audit staff size and composition of similar-sized companies in the same industry
D. nterviews with existing audit staff
عرض الإجابة
اجابة صحيحة: A
السؤال #96
Which of the following is the best approach for obtaining feedback from engagement clients regarding the quality of internal audit work?
A. sk questions during the exit interviews and send copies of the documented responses to the clients
B. all engagement clients after the exit interviews and send copies of the documented responses to the clients
C. istribute questionnaires to selected engagement clients shortly before preparing the internal audit annual activity report
D. rovide questionnaires to engagement clients at the beginning of each engagement and request that the clients complete and return them after the engagements
عرض الإجابة
اجابة صحيحة: D
السؤال #97
An audit supervisor returned a workpaper to an auditor with a request to document the tickmarks used in testing. The supervisory review found errors in the area of workpaper
A. alidity
B. fficiency
C. udgment
D. ompleteness
عرض الإجابة
اجابة صحيحة: D
السؤال #98
The expected value of perfect information is the
A. ame as the expected profit under certainty
B. um of the conditional profit loss) for the best event of each act times the probability of each event occurring
C. ifference between the expected profit under certainty and the expected opportunity loss
D. ifference between the expected profit under certainty and the expected monetary value of the best act under uncertainty
عرض الإجابة
اجابة صحيحة: D
السؤال #99
An internal audit activity implemented an integrated test facility to test payroll processing. The auditors identified the key controls and processing steps built into the computer program and developed test data to test them. The auditors submitted test transactions throughout the year and did not find any differences in their test results. The auditors can conclude that
A. he system is properly capturing the hours worked by employees during the year and the hours have been properly submitted to payroll and processed correctly
B. ll employees were correctly paid during the year and their pay was correctly computed
C. he computer application and its control procedures were processing payroll transactions correctly during the past year
D. ll of the above
عرض الإجابة
اجابة صحيحة: C
السؤال #100
A desired result of the sharing of information by all functions and organizations in the supply chain is
A. ewer rush orders
B. aximization of inventories held by suppliers, manufacturers, and retailers
C. tockouts
D. ncompatibility of the information systems of the parties
عرض الإجابة
اجابة صحيحة: A

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