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NEW QUESTION: 1
An employee who recently transferred into the internal audit activity has been assigned to audit the accounts payable system.
Which function, if previously performed by the auditor, would represent a conflict of interest?
A. Monitoring the allowance for doubtful accounts.
B. Reviewing shipping documents for accuracy.
C. Writing procedures for the handling of duplicate payments.
D. Signing timekeeping cards for subordinates.
Answer: C

NEW QUESTION: 2
So far, no one has been able to crack the IDEA algorithm with Brute Force.
A. True
B. False
Answer: A

NEW QUESTION: 3
Which of the following principles describes this statement?
"xxx defines tolerances for each project objective to establish limits of delegated authority"
A. Manage by stages
B. Learn from experience
C. Focus on products
D. Manage by exception
Answer: D

NEW QUESTION: 4
Correspondent banks, Credit party, Draw down, Execution date, Remitter, and Repetitive transfer are some terminologies related to:
A. EFT
B. ACH
C. ALL
D. Bank wire
Answer: D