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NEW QUESTION: 1
Which of the following is the PRIMARY reason to have the risk management process reviewed by a third party?
A. Ensure the risk profile is defined and communicated.
B. Obtain objective assessment of the control environment.
C. Obtain an objective view of process gaps and systemic errors.
D. Validate the threat management process.
Answer: C

NEW QUESTION: 2
Identify two ways the invoice imaging solution works in the Cloud.
A. Customers scan the invoice on-premise and email the images.
B. Customers cannot use invoice imaging in the Cloud.
C. Customers ask their suppliers to scan and email the invoice.
D. Customers scan and store the invoice images on-premise and attach them during invoice entry.
E. Customers ask suppliers to send electronic invoices.
Answer: A,B

NEW QUESTION: 3
Which of the following is an output of Define Scope?
A. Project scope statement
B. Project charter
C. Project schedule
D. Project plan
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Process: 5.3 Define Scope
Definition: The process of developing a detailed description of the project and product.
Key Benefit: The key benefit of this process is that it describes the product, service, or result boundaries by defining which of the requirements collected will be included in and excluded from the project scope.
Inputs
1. Scope management plan
2. Project charter
3. Requirements documentation
4. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Product analysis
3. Alternatives generation
4. Facilitated workshops
Outputs
1. Project scope statement
2. Project documents updates

NEW QUESTION: 4
To test compliance with a policy regarding sales returns recorded during the most recent year, an auditor systematically selected 5% of the actual returns recorded in March and April. Returns during these two busiest months of the year represented about 25% of total annual returns.
Error projections from this sample have limited usefulness because
A. The systematic selection of returns during the two months is not sufficiently random.
B. The error rates during the two busiest months may not be representative of the whole year.
C. The failure to stratify the population according to sales volume results in bias.
D. The small size of the sample relative to the population makes sampling risk unacceptable.
Answer: B

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