Which of the following is not an information systems audit test of controls?

A) Observe computer-site access procedures.
B) Investigate how unauthorized access attempts are handled.
C) Review logical access policies and procedures.
D) Examine the results of disaster recovery plan simulations.

Answer: C

Business

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A mortgage loan may be insured by:

A: VA; B: FHA or a private mortgage insurer; C: FNMA; D: The beneficiary.

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Transfer prices are ________

A) always based on production costs B) the prices on goods transferred from one country to another C) regulated by the United Nations so as to avoid manipulation D) often used to minimize taxation

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