The first stage in the development of a crisis management program is to:

Answer(s): B

When developing an effective risk-based plan to determine audit priorities, an internal audit activity should start by:

Answer(s): D

The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?

Answer(s): D

Which of the following activities most significantly increases the risk that a bank will make poor- quality loans to its customers?

Borrowers may not sign all required mortgage loan documentation.
Fees paid by the borrower at the time of the loan may not be deposited in a timely manner.
The bank's loan documentation may not meet the government's disclosure requirements.
Loan officers may override the lending criteria established by senior management.

Answer(s): D

Free IIA-ACCA Exam Braindumps (page: 75)