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NEW QUESTION: 1
During a review of a division's operations, an internal auditor notes that sales and customer base are unchanged, while inventory and gross margin have increased significantly. Which of the following audit procedures would be most relevant in substantiating management's assertion that the gross margin increase is due to increased efficiency in manufacturing operations?
A. Select a sample of finished goods inventory and trace raw materials cost back to purchase prices in order to determine the accuracy of the recorded raw materials price.
B. Obtain a physical count of inventory.
C. For a sample of products, compare costs-per-unit this year to those of last year, test cost build-ups, and analyze standard cost variances.
D. Take a physical inventory of equipment to determine if there were significant changes.
Answer: C

NEW QUESTION: 2

A. Option B
B. Option C
C. Option D
D. Option A
Answer: B,C

NEW QUESTION: 3
A shop owner wants to ensure that only a specified group of devices can access the wireless network When of the following methodologies will BEST ensure unauthorized devices cannot consume the owner's limited Internet bandwidth?
A. Implement WEP authentication
B. Change the WiFi password
C. Activate MAC address filtering
D. Disable the SSID broadcast
Answer: D