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Business Knowledge for Internal Auditing Questions and Answers

Question 41

Which of the following would an organization execute to effectively mitigate and manage risks created by a crisis or event?

Only preventive measures.

Alternative and reactive measures.

Preventive and alternative measures.

Preventive and reactive measures.

Question 42

Which of the following best describes depreciation?

It is a process of allocating cost of assets between periods.

It is a process of assets valuation.

It is a process of accumulating adequate funds to replace assets.

It is a process of measuring decline in the value of assets because of obsolescence

Question 43

Which of the following is an example of a physical control?

Providing fire detection and suppression equipment

Establishing a physical security policy and promoting it throughout the organization

Performing business continuity and disaster recovery planning

Keeping an offsite backup of the organization's critical data

Question 44

Which of the following security controls focuses most on prevention of unauthorized access to the power plant?

An offboarding procedure is initiated monthly to determine redundant physical access rights.

Logs generated by smart locks are automatically scanned to identify anomalies in access patterns.

Requests for additional access rights are sent for approval and validation by direct supervisors.

Automatic notifications are sent to a central security unit when employees enter the premises during nonwork hours