Question 1

Which of the following are data security concerns?

Options :

A : I and II only (What data is being accessed; Who is accessing the data)

B : I and III only (What data is being accessed; For what purpose the data is being used)

C : II and III only (Who is accessing the data; For what purpose the data is being used)

D : I, II, and III (What data is being accessed; Who is accessing the data; For what purpose the data is being used)

Answer: D

Question 2

Sales and use taxes are levied by which of the following? I. Cities and towns; II. Federal government; III. States.

Options :

A : II and III only

B : III only

C : I and III only

D : I, II, and III

Answer: C

Question 3

COSO identifies each of the following elements as necessary for an effective control environment, EXCEPT:

Options :

A : Internal controls are monitored and evaluated

B : Staff work in self-directed teams

C : Information is distributed in a timely way

D : People know their responsibilities and limits of authority

Answer: B

Question 4

Assigning a user name and password is one method of:

Options :

A : Optical character recognition

B : Robotic process automation

C : Data authentication

D : Security lockdown

Answer: C

Question 5

What is the current thinking on the practice of maintaining a petty cash fund?

Options :

A : It’s practically obsolete and should be eliminated, if possible

B : Three separate individuals should sign off on disbursements

C : It’s considered a best practice within service organizations and consulting businesses

D : It should be maintained by an executive in the treasury department

Answer: A

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