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NEW QUESTION: 1
Senior management at a financial institution has received allegations of fraud at its derivatives trading desk and has asked the internal audit activity to investigate and issue a report concerning the allegations. The internal audit activity has not yet developed sufficient proficiency regarding derivatives trading to conduct a thorough fraud investigation in this area. Which of the following courses of action should the chief audit executive (CAE) take to comply with the Standards?
A. Contract with an external certified fraud examiner with derivatives experience to perform the investigation and subsequent reporting, with the chief audit executive approving the scope of the investigation and evaluating the adequacy of the work performed.
B. Request that senior management exclude the internal audit activity from the investigation completely and instead contract with an external certified fraud examiner with derivatives experience to perform all aspects of the investigation and subsequent reporting.
C. Request that senior management allow a delay of the fraud investigation until the internal audit activity's on-staff certified fraud examiner is able to obtain the appropriate training regarding the analysis of derivatives trading.
D. Engage the former head of the institution's derivatives trading desk to perform the investigation and submit a report with supporting documentation to the CAE.
Answer: A

NEW QUESTION: 2
Click the Exhibit.

Your network consists of subnets shown in the exhibit. You are asked to create an aggregate route for Router 1.
What is the appropriate prefix for the aggregate route in this scenario?
A. 172.42.32.0/20
B. 172.42.32.0/19
C. 172.42.32.0/21
D. 172.42.32.0/22
Answer: B

NEW QUESTION: 3
The lot production costs are higher than the inventory costs of the finished goods.
What will the WIP clearing run post when the perpetual cost method is standard for the finished goods?
A. Correction of the finished goods inventory
B. Gain from production differences
C. Correction of the raw material inventory
D. Loss from production differences
Answer: A

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