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NEW QUESTION: 1
The chief audit executive (CAE) of a multinational entity with highly automated and complex operations has just completed the update of the risk-based audit plan. Interviews with management revealed the introduction of new technology and a significant increase in both the number and severity of technology- based risk exposures. According to the International Professional Practices Framework, which of the following would be the best course of action for the CAE to undertake next?
A. Develop a detailed audit plan that makes the most efficient use and reallocation of existing internal audit resources.
B. Begin planning to recruit information technology audit specialists and other expert personnel into the internal audit activity.
C. Evaluate whether appropriate skills and knowledge required to perform the necessary audit work currently exist in the department.
D. Arrange for the outsourcing of some technology intensive audit processes and procedures based on the plan changes.
Answer: C
NEW QUESTION: 2
Which statement is true?
A. Sharpe ratio cannot be applied to risk-free assets.
B. M-square should give us rankings that are identical to those of the Jensen's Alpha.
C. Portfolios with identical total risk but different systematic risk will be rated the same using Treynor ratio.
Answer: A
Explanation:
A is true. The zero standard deviation of such assets cannot be used as the denominator. B is false. Remember that the Treynor ratio uses beta to measure risk. C is false. M-square uses total risk while Jensen's alpha uses beta.
NEW QUESTION: 3
A. Option D
B. Option B
C. Option A
D. Option C
Answer: A
NEW QUESTION: 4
Refer to the following. If there are no entries in my-b what is the result?
A. All entries are retrieved
B. Run time error
C. Only distinct values for key1
D. No entries are retrieved
Answer: A
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CISSP Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the CISSP Exam.
CISSP Exam Topics
Review the CISSP especially if you are on a recertification. Make sure you are still on the same page with what ISC wants from you.
CISSP Offcial Page
Review the official page for the CISSP Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the CISSP Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.