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NEW QUESTION: 1
An internal auditor is conducting an engagement in the accounts payable department,which includes expressing an opinion at the micro level. According to IIA guidance,which of the following statements is true regarding micro-level opinions?
1.They are most effective when using a combination of current and prior engagement findings to draw conclusions.
2.They typically are based on defined procedures such as those found in an accounts payable reconciliation process.
3.They are discrete and not normally shared with senior management or the board.
4.They can rely on evidence taken from the work of other assurance activities across the organization.
A. 1 and 3.
B. 2 and 3.
C. 1 and 2.
D. 3 and 4.
Answer: B

NEW QUESTION: 2
Trisdale is a portfolio manager who has consistently outperformed the market on a risk-adjusted basis for the past 3 years. As an appreciation for his work, one of his clients recently gave him a travel package to Vancouver worth around $5,000. Trisdale informed his supervisor about this gift and then took time off from work to enjoy a vacation in Vancouver. Trisdale has
A. violated Standard IV (A.3) - Independence and Objectivity.
B. violated Standard III (D) - Disclosure of Additional Compensation Arrangements.
C. violated Standard IV (B.3) - Fair Dealing.
D. not violated the AIMR code of ethics.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The AIMR code of ethics does not preclude members from accepting gifts in excess of the modest amount of $100 from clients, as long as they are disclosed to the immediate supervisor. What the code does prohibit is acceptance of gifts in excess of $100 from parties that have a strong motive to influence the judgment of the members (e.g., companies that a member might be researching for investment recommendations). The disclosure of additional compensation arrangements with clients allows the supervisory authorities to monitor the portfolio activity and ensure that the gift-giving client's portfolio is not receiving any undue favorable treatment.

NEW QUESTION: 3
In the Approval Management Engine (AME), how do you control the time out functionality?
A. There is no standard way t5o control the time out functionality.
B. Using Workflow Events
C. Using Workflow - Node Attributes
D. Using AME - Approval Groups
E. Using AME - Configuration Variables
Answer: B

NEW QUESTION: 4
You have a computer that runs Windows 10. The computer contains a folder. The folder contains sensitive data.
You need to log which user reads the contents of the folder and modifies and deletes files in the folder.
You need to log which user reads the contents of the folder and modifies and deletes files in the folder.
Solution: from the properties of the folder, you configure the Auditing settings and from the Audit Policy in the local Group Policy, you configure Audit system events.
Does this meet the goal?
A. No
B. Yes
Answer: A
Explanation:
Files and folders are objects and are audited through object access, not though system events.
References:
https://www.netwrix.com/how_to_detect_who_changed_file_or_folder_owner.html


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