QUESTION: 133

The key parties involved in a disaster recovery plan are generally classified as internal resources or external counterparties. When evaluating the risks of both parties, which of the following can be assumed?

The review of internal resources takes greater importance.
The infrastructure linking the parties’ systems must be considered.
The disaster recovery sites of both parties must be in the same location.
The systems used by both parties must be compatible.

Answer(s): B

Reveal Solution Next Question

QUESTION: 134

A regional physicians’ group is looking for an alternative to liability insurance to help protect against potential future liability claims. Which method would BEST serve its need to protect against catastrophic losses?

Casualty insurance
A risk retention group
Non-insurance
Self-insurance

Answer(s): B

Reveal Solution Next Question

QUESTION: 135

As a result of the Sarbanes-Oxley Act, what new entity was established to sanction firms and individuals for audit violations?

The Sarbanes-Oxley Review and Assessment Board
The Accounting Controls Advisory Board
The Public Company Accounting Oversight Board
The Auditing Review Board

Answer(s): C

Reveal Solution Next Question

QUESTION: 136

Under Section 404 of the Sarbanes-Oxley Act, management must state its responsibility for which of the following?

Knowledge of the penalties for noncompliance
Selection of auditors who are knowledgeable about Sarbanes-Oxley requirements
Establishment and maintenance of adequate internal controls for financial reporting
Accuracy and completeness of financial statements

Answer(s): C

Reveal Solution Next Question

Free CTP Exam Braindumps (page: 35)

QUESTION: 133

QUESTION: 134

QUESTION: 135

QUESTION: 136

CTP Exam Discussions & Posts