Financial Certified Information Technology Professional (CITP) CITP Dumps in PDF

Free Financial CITP Real Questions (page: 34)

fi rst step in conducting fi eldwork and implementing audit methodology is

  1. Design audit procedures
  2. Defi ne audit objectives
  3. Evaluate results
  4. Build a detailed understanding of area being audited

Answer(s): B



purpose of follow up is to

  1. Determine if the audit recommendations have been implemented
  2. Determine the progress made in implementing the audit recommendations
  3. Assess any potential savings/value added as a result of the recommendations
  4. All of the above

Answer(s): D



advantage of tying the audit universe to organization objectives is that it

  1. Links the entire audit process to business objectives
  2. Improves management's understanding of the audit process
  3. Develops the communication plan for the audit
  4. None of the above

Answer(s): A



Audit risk assessment is an important step in the audit process because

  1. It leverages the abilities of audit staff and by minimizing redundant activity
  2. It provides a framework for communicating the audit results
  3. It provides a framework for allocating audit resources to achieve maximum benefi t
  4. None of the above

Answer(s): C



Auditing is a cyclical process because

  1. Performing audit tests is an iterative process
  2. Audit results are used in subsequent risk assessments
  3. audit universe is aligned to the business cycle
  4. All of the above

Answer(s): B



Share your comments for Financial CITP exam with other users:

M
Massam
6/11/2022 5:55:00 PM

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Anonymous
12/27/2023 12:47:00 AM

answer to this question "what administrative safeguards should be implemented to protect the collected data while in use by manasa and her product management team? " it should be (c) for the following reasons: this administrative safeguard involves controlling access to collected data by ensuring that only individuals who need the data for their job responsibilities have access to it. this helps minimize the risk of unauthorized access and potential misuse of sensitive information. while other options such as (a) documenting data flows and (b) conducting a privacy impact assessment (pia) are important steps in data protection, implementing a "need to know" access policy directly addresses the issue of protecting data while in use by limiting access to those who require it for legitimate purposes. (d) is not directly related to safeguarding data during use; it focuses on data transfers and location.

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5/23/2023 9:46:00 PM

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