Question 1

The term _________ refers to the audit procedures deemed necessary in the circumstances to achieve the objective of the audit. The procedures required to conduct an audit in accordance with _________ should be determined by the auditor having regard to the requirements of ISAs, relevant professional bodies, legislation, and regulations:

Options :

A : Scope of an audits, ISAs

B : Purpose of an audit, PSPs

C : Principle of an audit, ISAs

D : Purpose of an audit, ISAs

Answer: A

Question 2

Following are examples of the intersection of public information with privacy include please choose the correct option:

Options :

A : Private-sector contractors’ proposals or unit cost information (proprietary information related to a business that was disclosed in a proposal to provide services to a unit of government).

B : A & C only

C : Income levels of clients to determine eligibility for a service (for example, free and reduced price lunch programs).

D : Mental health data, medical records, social services provided to clients (personal information retained for specific government programs).

E : All of the above.

Answer: A

Question 3

Systems software consists of computer programs and related routines that control computer processing. Control techniques for systems software include all of the following EXCEPT:

Options :

A : Securing dial-up lines for access to computer resources.

B : Setting appropriate system parameters and security options for operating systems.

C : Controlling procurement and maintenance of software licenses.

D : Using the security features of security software effectively.

Answer: A

Question 4

The risk analysis process involves all of the following given below EXCEPT:

Options :

A : Identify auditable activities (programs, accounts, contracts, transactions)

B : Estimate the significance of a risk (magnitude of exposure in dollars or other type of measure, type of threat, duration)

C : Do not Estimate the likelihood that a risk will occur and do not determine how to manage the risks.

D : Estimate the likelihood that a risk will occur and prioritize risks.

Answer: C

Question 5

All of the following are the components of the Professional Practices Framework which was approved by the IIAs Board of Directors in June 1999 EXCEPT:

Options :

A : Definition of Internal Auditing and Standards

B : Mandatory Guidance

C : Code of Ethics (See Section I.D) and Practice Advisories

D : Development and Practice Aids

Answer: B

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