1. (Points: 0.5) | | According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of directors is directly responsible fora. hiring and firing the external auditors.b. performing tests of the company's internal control structure.c. certifying the accuracy of the company's financial reporting process.d. overseeing day-to-day operations of the internal audit department. | | Save Answer | | 2. (Points: 0.5) | | Which of the following duties could be performed by the same individual without violating segregation of duties controls?a. Programming new code for accounting software and testing accounting software upgradesb. Approving accounting software change requests and testing production scheduling software changesc. Approving software changes and implementing the upgraded softwared. Managing accounts payable function and revising code for accounting software to more efficiently process discount due dates on vendor invoices | | Save Answer | | 3. (Points: 0.5) | | Internal control is often referred to as a(n) ________, because it permeates an organization's operating activities and is an integral part of management activities.a. eventb. activityc. processd. system | | Save Answer | | 4. (Points: 0.5) | | Which of the following is accomplished by corrective controls?a. Identify the cause of the problem.b. Correct the resulting errors.c. Modify the system to prevent future occurrences of the problem.d. All of the above are accomplished by corrective controls. | | Save Answer | | 5. (Points: 0.5) | | This control framework's intent includes helping the organization to provide reasonable assurance that objectives are achieved and problems are minimized, and to avoid adverse publicity and damage to the organization's reputation.a. ISACA's control objectives for information and related