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NEW QUESTION: 1
The following audit observation was included in the final audit report:
"Our review concluded that bank reconciliation statements for March and April did not show evidence of supervisory review. We recommend strict compliance with the controller's manual, which requires the department head to place their initials on the reconciliation statements to document their review." Which of the following attributes are missing from the above audit observation?
1. Criteria.
2. Condition.
3. Cause.
4. Effect.
A. 2 and 3 only
B. 3 and 4 only
C. 1, 3, and 4 only
D. 1 and 4 only
Answer: B
NEW QUESTION: 2
You want to create a role that grants read-only access to the content of the system and
monitoring views and to statistics services.
Which of the following privileges should the role contain?
There are 2 correct answers to this question.
Response:
A. SERVICE ADMIN
B. ALTER for SQL schema _SYS_STATISTICS
C. DATA ADMIN
D. SELECT for SQL schema _SYS_STATISTICS
Answer: C,D
NEW QUESTION: 3
A bank assesses its current imaging needs and determines that it must install a more robust imaging system to be fully functional three months before the end of its financial year. The mainrequirement is to ensure that all data is collected prior to its yearly audit. Which of the following situations will
LEAST threaten the bank's objective?
A. Under-resourcing causing time slippage and missed milestones.
B. Quality problems causing reworking of data.
C. Cost escalation due to increased labor to meet the deadline.
D. Scope creep resulting from inadequate determination of requirements.
Answer: C
Explanation:
The answer should be "B" because if it is "A" then you would have to spend more time and more money. If the answer was "B," it is only money, and time is the critical issue.
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