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NEW QUESTION: 1
Maximum no .of members in case of public company is
A. 0
B. 1
C. 2
D. unlimited
Answer: D
NEW QUESTION: 2
The problems which initiated the crisis at Northern Rock during the summer of 2007 were:
A. Large customer withdrawals despite the UK regulator and the UK Treasury giving assurances that the bank was solvent
B. A general lack of confidence in mortgage backed securities associated in large part with developments in the US sub-prime mortgage market, and doubts emerging about the viability of the Northern Rock business model
C. Doubts arising about the viability of the business model which necessitated Bank of England intervention
D. A depositor run on the bank, following doubts about the viability of the Northern Rock business model
Answer: B
NEW QUESTION: 3
When auditing a disaster recovery plan for a critical business area, an IS auditor finds that it does not cover all the systems. Which of the following is the MOST appropriate action for the IS auditor?
A. Postpone the audit until the systems are added to the disaster recovery plan.
B. Alert management and evaluate the impact of not covering all systems.
C. Complete the audit of the systems covered by the existing disaster recovery plan.
D. Cancel the audit.
Answer: B
Explanation:
An IS auditor should make management aware that some systems are omitted from the disaster recovery plan. An IS auditor should continue the audit and include an evaluation of the impact of not including all systems in the disaster recovery plan. Cancelling the audit, ignoring the fact that
some systems are not covered or postponing the audit are inappropriate actions to take.
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