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NEW QUESTION: 1
During a review of an organization's network threat response process. The IS auditor noticed that the majority of alerts were closed without resolution. Management responded that those alerts were unworkable due to lack of actionable intelligence, and therefore the support team is allowed to close them. What is the best way for the auditor to address the situation?
A. Reopen unactioned alerts and report to the audit committee
B. Omit the finding from the report as this practice is in compliance with the current policy
C. Recommend that management enhance the policy and improve threat awareness training
D. Further review closed unactioned alerts to identify mishandling of threats
Answer: C

NEW QUESTION: 2
An organization has a health and safety division that conducts audits to meet regulatory requirements. The chief health and safety officer reports directly to the CEO. Which of the following describes an appropriate role for the chief audit executive (CAE) with regard to the organization's health and safety program?
A. The CAE should hire an independent external specialist to conduct an annual assessment and provide assurance over the effectiveness of the health and safety program and the reliability of its reports.
B. The CAE has no role to play, because the chief health and safety officer reports to a senior executive.
C. The CAE should coordinate with, and review the work of, the chief health and safety officer to gain an understanding of whether risks related to health and safety are managed properly.
D. The CAE should give periodic reports directly to the regulator regarding health and safety issues, as it is the appropriate regulatory oversight body.
Answer: C

NEW QUESTION: 3

A. Option C
B. Option B
C. Option D
D. Option A
Answer: B,D

NEW QUESTION: 4
You are examining a portfolio composed of 33% money-market investments, 9.5% bonds, and 57.5% stocks. Last year, the return on the money-market investments was 4%; the return on bonds was 9%, and the return on stocks was -11%. What is the contribution of stocks toward the portfolio weighted average return?
A. -57.50%.
B. -11.00%.
C. -6.325%.
Answer: C
Explanation:
The portfolio weighted-average mean return is equal to the sum (as i goes from 1 to n) of w_i
* X_i, where w_i is the percentage weight in the portfolio of the ith asset, and X_i is the investment return of the ith asset. The contribution of any asset will equal its weight in the portfolio times its return. Here, we get 0.575 * - 0.11 = -6.325%.