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JKL is a retailer with more than 45 shops around the country. The directors suspect that a serious fraud has occurred at one of the branches and a team of internal auditors has been sent to investigate

An analytical review investigation shows that sales revenue is in line with budget, but overtime payments to shop staff exceed budget by 20%.

How should the internal audit team proceed?

Company directors who exercise executive share options generally resell the shares immediately, rather than holding them Which of the following best explains this behavior?

The internal audit department has just completed an investigation into the HR department's procedures relating to new staff appointments The head of HR is unhappy with the draft report prepared by the lead internal auditor The report lists several cases in which appointments were made despite the fact that one or more of the entity's formal procedures were not followed

The head of HR has complained that the internal auditor's comments do not allow for the fact that the HR department's staff members are often very busy and do not always have time to conduct every check.

The internal auditor's comments also reflect a failure to complete documents None of the omissions have led to the appointment of an unsuitable member of staff

Which TWO of the following statements reflect an appropriate response by the board of directors to this report?

AIgnoring a compliance error altogether may undermine the control environment

BThe procedures should be removed if the HR department staff believe that they are unnecessary

CThe board should be seen to support the internal audit

DThe errors are immaterial because they did not lead to an inappropriate appointment

EThe members of staff responsible for these omissions should be subjected to disciplinary action

Which THREE of the following are true with regard to managing the changeover from an old to a new computer system?

APilot changeover moves the simplest part of the business to the new system first

BParallel running involves keeping the old system running normally until certain data retention criteria are met or confidence is gained, while the new system deals with the new workload Data input is usually earned out on both systems

CAll methods of changeover carry high risk and it is the preparation consideration of data compatibility and data cleansing before the changeover which has the biggest impact on the smoothness of the transition

DPhased changeover moves individual portions of the business to the new system one at a time

EDirect changeover, or big bang, is only used when the systems are significantly different such that comparing the outputs of the two systems is largely irrelevant

FPhased changeover is the safest and slowest method of changeover

CDE an online ticket sales agent, has unwittingly become an accomplice in cyber crime and is suffering attacks on its own business as a result CDE's website was poorly designed and cyber-attackers have managed to inject the site with malware, so that it collects all of CDE's customer log-in information and enables the cyber-attackers to retrieve it

The cyber-attackers subsequently use this information to set up Botnet agents in the customers' devices which are then used in a Distributed Denial of Service (DDoS) attack whenever very popular tickets are being placed on sale such as international football matches

The cyber-attackers secure access to a single portal on the site and buy multiple tickets for subsequent sale on the black market while the DDoS causes all other portals to be overloaded preventing real fans acquiring the tickets at face value

Which TWO of the following apply in this scenario?

ACDE customers will turn to other ticket sources for their tickets

BCDE is likely to face significant fines for the breach.

CCDE is likely to lose the ticket franchise for international football events

DCDE will need to implement a new firewall to prevent this type of attack.

ECDE will remain just as profitable selling to the black market as to real fans

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