Question 1

Which of the following is included in the G20/OECD Principles of Corporate Governance?

Options :

A :

A requirement for corporations to establish a legal, regulatory, and institutional framework to support good governance practices

B : A call to support the equal treatment of all members of an organization's governing body

C : Guidance regarding appropriate board structures, responsibilities, and procedures

D :

An examination of the importance of effectively designed and implemented internal control mechanisms within an organization

Answer: C

Question 2

Which of the following would speed up the pick-up process at a warehouse?

Options :

A : Use an unified barcode system for every item within the warehouse

B : Categorize the items based on their pick-up frequency

C : Narrow down the aisles to enlarge total storage area

D : Combine goods-in and goods-out areas into one place

Answer: B

Question 3

An effective system of anti-fraud controls

Options :

A : Fully eliminates the risk of fraud

B : Focuses more on detective controls than preventive controls

C : Focuses more on preventive controls than detective controls

D : Increases the perception that fraud will be detected

Answer: C

Question 4

Which of the following Is TRUE regarding the reporting of the fraud risk assessment results?

Options :

A :

The fraud risk assessment report should be delivered in a style most suited to the language of the business

B :

The fraud risk assessment report should contain a detailed, comprehensive list of every assessment finding

C :

A fraud risk assessment report should reflect the assessment team's subjective perspective regarding the risks identified

D : All of the above

Answer: A

Question 5

Which of the following components of the Committee of Sponsoring Organizations of the Treadway

Commission’s (COSO) Enterprise Risk Management—Integrating with Strategy and Performance refers to an

organization’s ability to continually assess how well its enterprise risk management (ERM) capabilities and

practices have increased value over time and how they will continue to drive value for the organization?

Options :

A : Risk tolerance

B : Governance and culture

C : Strategy and objective-setting

D : Review and revision

Answer: D

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