What factors can cause controls that are established and implemented for a prolonged period to lose their effectiveness in the composite risk management process?

What factors can cause controls that are established and implemented for a prolonged period to lose their effectiveness in the composite risk management process?
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In the preparation of an audit program, which of the following items is not essential? a. Assessment of inherent risk b. The preparation of a budget identifying the costs of resources needed c. A review of material from prior audits d. An understanding of controls established by management

Description : In the preparation of an audit program, which of the following items is not essential? a. Assessment of inherent risk b. The preparation of a budget identifying the costs of resources needed c. A review of material from prior audits d. An understanding of controls established by management

Last Answer : The preparation of a budget identifying the costs of resources needed

Which of the following is considered a primary reason for creating an internal audit department? a. To safeguard resources entrusted to the organization. b. To evaluate and improve the effectiveness of control processes. c. To ensure the accuracy, reliability, and timeliness of financial and operating data used in management's decision making. d. To relieve management of the responsibility for establishing effective controls

Description : Which of the following is considered a primary reason for creating an internal audit department? a. To safeguard resources entrusted to the organization. b. To evaluate and improve the ... 's decision making. d. To relieve management of the responsibility for establishing effective controls

Last Answer : To evaluate and improve the effectiveness of control processes.

All of the following factors may increase the risk of nephrotoxicity from gentamicin therapy except (a) age over 70 years (b) prolonged courses of gentamicin therapy (c) concurrent amphotericin B therapy (d) trough gentamicin levels below 2 mg/ml (e) concurrent cisplatin therapy

Description : All of the following factors may increase the risk of nephrotoxicity from gentamicin therapy except (a) age over 70 years (b) prolonged courses of gentamicin therapy (c) concurrent amphotericin B therapy (d) trough gentamicin levels below 2 mg/ml (e) concurrent cisplatin therapy

Last Answer : Ans: D

A 55-year-old renal transplant patient has been hospitalized in a Surgical Intensive Care Unit, receiving a prolonged course of antibiotics following an attack of acute cholecystitis. The following statement(s) is/are true concerning his management. a. Due to the potential risk of Candida infection, prophylaxis with oral nystatin should be instituted early in the patient’s course b. A Candida urinary tract infection should be treated with systemic amphotericin B c. Changes of Candida retinitis are of little significance d. The presence of a virulent Candida bacteremia should suggest a dosage reduction in immunosuppressive agents until the infection can be adequately controlled

Description : A 55-year-old renal transplant patient has been hospitalized in a Surgical Intensive Care Unit, receiving a prolonged course of antibiotics following an attack of acute cholecystitis. The ... suggest a dosage reduction in immunosuppressive agents until the infection can be adequately controlled

Last Answer : Answer: a, d Infections due to fungal pathogens have become increasingly common during the past decade, frequently occurring in patients undergoing prolonged hospitalization in the Surgical ... agents should be discontinued until evidence of infection is absolutely controlled or is eradicated

What consists of the identification of risks or threats, the implementation of security measures, and the monitoring of those measures for effectiveness? a. Risk management b. Risk assessment c. Security d. None of the above

Description : What consists of the identification of risks or threats, the implementation of security measures, and the monitoring of those measures for effectiveness? a. Risk management b. Risk assessment c. Security d. None of the above

Last Answer : a. Risk management

What are the correct guiding principles of composite risk management?

Description : What are the correct guiding principles of composite risk management?

Last Answer : What is the answer ?

factors to consider in improving the effectiveness of herbicides application a). Increasing management diversity b). application timing c). inherent efficacy of herbicide d). All

Description : factors to consider in improving the effectiveness of herbicides application a). Increasing management diversity b). application timing c). inherent efficacy of herbicide d). All

Last Answer : d). All

How do you supervise and evaluate once controls are implemented.?

Description : How do you supervise and evaluate once controls are implemented.?

Last Answer : Managers and supervisors ensure that controls are integratedinto local policy.

When engineering controls are adequate what other forms of controls can be implemented?

Description : When engineering controls are adequate what other forms of controls can be implemented?

Last Answer : physical and administrative

In comparing management fraud with employee fraud, the auditor's risk of failing to discover the fraud is a. Greater for employee fraud because of the larger number of employees in the organization. b. Greater for employee fraud because of the higher crime rate among blue collar workers. c. Greater for management fraud because of management's ability to override existing internal controls. d. Greater for management fraud because managers are inherently smarter than employees.

Description : In comparing management fraud with employee fraud, the auditor's risk of failing to discover the fraud is a. Greater for employee fraud because of the larger number of employees in ... existing internal controls. d. Greater for management fraud because managers are inherently smarter than employees.

Last Answer : Greater for management fraud because of management's ability to override existing internal controls

Which of the following is true? a. Auditors are responsible for detecting all fraudulent financial reporting. b. Auditors must specifically consider fraud risk from overstating liabilities. c. Auditors must specifically consider fraud risk from management override of controls. d. All of the above are true

Description : Which of the following is true? a. Auditors are responsible for detecting all fraudulent financial reporting. b. Auditors must specifically consider fraud risk from overstating liabilities. c. Auditors must ... consider fraud risk from management override of controls. d. All of the above are true

Last Answer : Auditors must specifically consider fraud risk from management override of controls.

In comparing management fraud with employee fraud, the auditor's risk of failing to discover the fraud is a. Greater for employee fraud because of the larger number of employees in the organization. b. Greater for management fraud because of management's ability to override existing internal controls. c. Greater for employee fraud because of the higher crime rate among blue collar workers. d. Greater for management fraud because managers are inherently smarter than employees

Description : In comparing management fraud with employee fraud, the auditor's risk of failing to discover the fraud is a. Greater for employee fraud because of the larger number of employees in the ... blue collar workers. d. Greater for management fraud because managers are inherently smarter than employees

Last Answer : Greater for management fraud because of management's ability to override existing internal controls

Which of the following statements concerning analytical procedures is true? a. Analytical procedures are more efficient, but not more effective, than tests of details of transactions. b. Analytical procedures used as risk assessment procedures use data aggregated at a high level. c. Analytical procedures can replace tests of controls in gathering audit evidence to support the assessed level of control risk. d. Analytical procedures usually involve comparisons of ratios developed from recorded amounts with ratios developed by management

Description : Which of the following statements concerning analytical procedures is true? a. Analytical procedures are more efficient, but not more effective, than tests of details of transactions. ... usually involve comparisons of ratios developed from recorded amounts with ratios developed by management

Last Answer : Analytical procedures used as risk assessment procedures use data aggregated at a high level.

Which of the following statements is an not an example of an inherent limitation of internal control? a. The effectiveness of control procedures depends on segregation of duties. b. Errors may arise from mistakes in judgments. c. Most internal controls tend to be directed at routine transactions rather than nonroutine transactions. d. The cost-benefit relationship is a primary criterion in designing internal contro

Description : Which of the following statements is an not an example of an inherent limitation of internal control? a. The effectiveness of control procedures depends on segregation of duties. b. ... nonroutine transactions. d. The cost-benefit relationship is a primary criterion in designing internal contro

Last Answer : The effectiveness of control procedures depends on segregation of duties

The purpose of a trim tab is: a. To assist the pilot in initiating movement of the controls b. To zero the load on the pilot controls in the flight attitude required c. To provide feel to the controls at high speed d. To increase the effectiveness of the controls

Description : The purpose of a trim tab is: a. To assist the pilot in initiating movement of the controls b. To zero the load on the pilot controls in the flight attitude required c. To provide feel to the controls at high speed d. To increase the effectiveness of the controls

Last Answer : b. To zero the load on the pilot controls in the flight attitude required

Which of the following statement(s) concerning laboratory studies used in monitoring a patient with intravenous heparinization is/are correct? a. The platelet count should be followed because of the risk of heparin-associated thrombocytopenia b. The prothrombin time should be observed if prolonged treatment is necessary c. The activated partial thromboplastin time (aPTT) should be maintained at approximately 1.5 times normal d. The serum creatinine should be measured daily to allow adjustments in dose based on renal function

Description : Which of the following statement(s) concerning laboratory studies used in monitoring a patient with intravenous heparinization is/are correct? a. The platelet count should be followed because of the ... serum creatinine should be measured daily to allow adjustments in dose based on renal function

Last Answer : Answer: a, c In monitoring the effect of heparin, an activated partial thromboplastin time (aPTT) of 1.5 control or a thrombin clotting time (TCT) of 2 times control reflects adequate ... system. Therefore the dose of heparin need not be adjusted in cases of liver or renal dysfunction

In post-myocardial infarction and other high cardiovascular risk subjects but without hypertension or heart failure, prolonged ACE inhibitor medication has been found to: A. Increase the chances of sudden cardiac death B. Reduce the incidence of fatal as well as nonfatal myocardial infarction or stroke C. Lower the risk of developing heart failure and diabetes D. Both ‘B‘ and ‘C’

Description : In post-myocardial infarction and other high cardiovascular risk subjects but without hypertension or heart failure, prolonged ACE inhibitor medication has been found to: A. Increase the chances of sudden cardiac death ... Lower the risk of developing heart failure and diabetes D. Both B and C'

Last Answer : D. Both ‘B‘ and ‘C

Which of the following factors or conditions is an auditor least likely to plan an audit to discover? a. High turnover of senior management. b. Inadequate monitoring of significant controls. c. Inability to generate positive cash flows from operations. d. Financial pressures affecting employees

Description : Which of the following factors or conditions is an auditor least likely to plan an audit to discover? a. High turnover of senior management. b. Inadequate monitoring of significant controls. c. Inability to generate positive cash flows from operations. d. Financial pressures affecting employees

Last Answer : Financial pressures affecting employees

For a particular assertion, control risk is the risk that a. Controls will not detect a material misstatement that occurs. b. Audit procedures will fail to detect a weak control system. c. The prescribed control procedures will not be applied uniformly. d. A material misstatement will occur in theaccounting process

Description : For a particular assertion, control risk is the risk that a. Controls will not detect a material misstatement that occurs. b. Audit procedures will fail to detect a weak control system ... procedures will not be applied uniformly. d. A material misstatement will occur in theaccounting process

Last Answer : Controls will not detect a material misstatement that occurs

This process management initiative increases the effectiveness of the Sales Budget and therefore demand. a. Benchmarking b. Vendor/Just-in-Time Inventory (JIT) c. Continuous Product Improvement systems (CPI) d. Channel Support systems e. Quality Initiative Training (QIT)

Description : This process management initiative increases the effectiveness of the Sales Budget and therefore demand. a. Benchmarking b. Vendor/Just-in-Time Inventory (JIT) c. Continuous Product Improvement systems (CPI) d. Channel Support systems e. Quality Initiative Training (QIT)

Last Answer : d. Channel Support systems

Within the process management initiatives, concurrent engineering a. reduces material cost, inventors’ carrying costs and administrative overhead. b. reduces labor costs. c. increases the effectiveness of the sales budget and therefore demand. d. reduces R&D cycle time. e. none of the above.

Description : Within the process management initiatives, concurrent engineering a. reduces material cost, inventors’ carrying costs and administrative overhead. b. reduces labor costs. c. increases the effectiveness of the sales budget and therefore demand. d. reduces R&D cycle time. e. none of the above.

Last Answer : d. reduces R&D cycle time.

The primary objective for designing drugs that selectively inhibit COX – 2 is to (a) Decrease the risk of nephrotoxicity (b) Improve anti-inflammatory effectiveness (c) Lower the risk of gastrointestinal toxicity (d) Reduce the cost of treatment of rheumatoid arthritis (e) Selectively decrease thromboxane A2 without effects on other eicosanoids

Description : The primary objective for designing drugs that selectively inhibit COX - 2 is to (a) Decrease the risk of nephrotoxicity (b) Improve anti-inflammatory effectiveness (c) Lower the ... of treatment of rheumatoid arthritis (e) Selectively decrease thromboxane A2 without effects on other eicosanoids

Last Answer : Ans: C

.Inherent risk is not a characteristic of the a. Major types of transactions. b. Client’s business. c. Substantive procedures. d. Effectiveness of the client’s accountants

Description : .Inherent risk is not a characteristic of the a. Major types of transactions. b. Client’s business. c. Substantive procedures. d. Effectiveness of the client’s accountants

Last Answer : Substantive procedures

One of the key objectives for Security initiatives in the cloud should be subject to measurements that gauge effectiveness in mitigating risk to the enterprise a) Effective Use of Resources b) Sustained Performance c) Risk Mitigation d) Strategic Alignment

Description : One of the key objectives for Security initiatives in the cloud should be subject to measurements that gauge effectiveness in mitigating risk to the enterprise a) Effective Use of Resources b) Sustained Performance c) Risk Mitigation d) Strategic Alignment

Last Answer : Risk Mitigation

According to the text, cost tradeoffs enable firms to A)resolve pricing conflicts among competitors. B)minimise risk during the test marketing of new products. C)reduce costs of all distribution functions simultaneously. D)resolve pricing conflicts within marketing channels. E)combine resources for greatest cost -effectiveness.

Description : According to the text, cost tradeoffs enable firms to A)resolve pricing conflicts among competitors. B)minimise risk during the test marketing of new products. C)reduce costs of all ... . D)resolve pricing conflicts within marketing channels. E)combine resources for greatest cost-effectiveness.

Last Answer : E)combine resources for greatest cost-effectiveness.

The following is true of proton pump inhibitors except: A. They are the most effective drugs for Zolinger Ellison syndrome B. Their prolonged use can cause atrophy of gastric mucosa C. They inhibit growth of H. pylori in stomach D. They have no effect on gastric motilit

Description : The following is true of proton pump inhibitors except: A. They are the most effective drugs for Zolinger Ellison syndrome B. Their prolonged use can cause atrophy of gastric mucosa C. They inhibit growth of H. pylori in stomach D. They have no effect on gastric motilit

Last Answer : B. Their prolonged use can cause atrophy of gastric mucosa

Afghanistan has suffered from drought for many years. One result of a prolonged period of drought is?

Description : Afghanistan has suffered from drought for many years. One result of a prolonged period of drought is?

Last Answer : There have been several seasons of drought in Afghanistan in recent decades. ... Inadequate rains and snowfall during 2008 to 2010 in parts of Afghanistan caused significant failure of the rain-fed crops in the country's six provinces: Herat, Jawzjan, Balkh, Badghis, Faryab and Sar-e-Pul.

Below average rainfall for a prolonged period of time is called (a) Famine (b) Drought (c) Flood (d) None of these

Description : Below average rainfall for a prolonged period of time is called (a) Famine (b) Drought (c) Flood (d) None of these

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Inquiries directed towards those charged with governance may most likely a. Relate to their activities concerning the design, and effectiveness of the entity's internal control and whether management has satisfactorily responded to any findings from these activities. b. Help the auditor understand the environment in which the financial statements are prepared. c. Relate to changes in the entity's marketing strategies, sales trends, or contractual arrangements with its customers. d. Help the auditor in evaluating the appropriateness of the selection and application of certain accounting policies

Description : Inquiries directed towards those charged with governance may most likely a. Relate to their activities concerning the design, and effectiveness of the entity's internal control and ... the auditor in evaluating the appropriateness of the selection and application of certain accounting policies

Last Answer : Help the auditor understand the environment in which the financial statements are prepared.

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Last Answer : (D) Both (B) and (C

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Description : Which of the following factors most likely would influence an auditor's determination of the auditability of an entity's financial statements? a. The complexity of the accounting system. b. The ... c. The adequacy of the accounting records. d. The operating effectiveness of control procedures.

Last Answer : The adequacy of the accounting records.

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Last Answer : D. Timing and the type of content you post

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Last Answer : C. The chemical and physical nature of the tooth

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Last Answer : Why on earth do you have the levels so loud to cause you physical discomfort? Haven't we had a similar discussion before? There is a condition where the vestibular portion of the inner ear is aggravated ... of music in the future. Every day I work with people who wish they had their hearing back.

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Description : Prolonged and severe iron deficiency can cause astrophy of epithelium of (A) Oral cavity (B) Oesophagus (C) Stomach (D) All of these

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