P3 試験問題を無料オンラインアクセス

Internal controls are designed to provide reasonable assurance of which of the following?

• A.Material errors will be prevented or detected in a reasonable time period by employees in the course of carrying out their job
• B.Management procedures and processes are properly evaluated
• C.The internal auditing department's oversight of management's performance is achieved economically and efficiently
• D.Management's plans have not been circumvented by collusion

Which THREE of the following are true with regard to managing the changeover from an old to a new computer system?

• A.Pilot changeover moves the simplest part of the business to the new system first
• B.Direct changeover, or big bang, is only used when the systems are significantly different such that comparing the outputs of the two systems is largely irrelevant
• C.All methods of changeover carry high risk and it is the preparation consideration of data compatibility and data cleansing before the changeover which has the biggest impact on the smoothness of the transition
• D.Phased changeover moves individual portions of the business to the new system one at a time
• E.Phased changeover is the safest and slowest method of changeover
• F.Parallel running involves keeping the old system running normally until certain data retention criteria are met or confidence is gained, while the new system deals with the new workload Data input is usually earned out on both systems

DFG is the largest bridge-building company in its home country, H. DFG works exclusively for the government of country H and the government awards DFG 80% of the contracts to build new bridges.
DFG's directors are considering using the big data approach to identify opportunities to increase sales revenues and profit.
Which of the following statements are true?

• A.Big data has the potential to identify ways in which DFG can reduce construction costs.
• B.The big data approach may help DFG to price contract bids more accurately.
• C.DFG should supplement its existing databases in order to enhance the benefit from big data.
• D.It would be unethical for DFG to use big data in order to compete even more effectively with its rivals.
• E.Big data has the potential to identify ways in which DFG can increase sales.

K plc is a large listed company in the retail industry. It has recently appointed T as a non-executive director. T has never had any previous involvement with K plc but is well known to K's Chief Executive P because T is the Managing Director of K plc's largest supplier.
K has recently expanded into Asia. Doubts about the wisdom of the move have been expressed in the financial press with some journalists commenting that it has exposed K plc to higher degrees of risk than previously.
The move had been approved by the Risk Committee which consists of four Non-Executive Directors (NEDs) all of whom have significant experience in business.
K plc does not have a Nominations Committee. Nominations to the Board are usually proposed by P and generally agreed by the other directors.
In relation to the above scenario which of the following comments is valid?

• A.There is no possible conflict of interest in relation to T's position as a NED and as Managing Director of a supplier company since, in both roles, he would clearly want K plc to prosper.
• B.K plc is in line with best practice as it only has NEDs on its Risk Committee.
• C.The absence of a Nominations Committee exposes K plc to the risk that the Chief Executive may have unfettered power.
• D.The Risk Committee should have rejected the proposal to enter the Asian market merely because it exposed K to greater risk than the other markets in which it operates.

A project has been evaluated on the basis that it will cost $22 million and will have a net present value of $4.3 million The project has commenced and $5 million of the $22 million has been invested. A problem has been discovered that will cost an additional $4.5 million to rectify. The $4.5 million will be payable immediately.
What is the NPV of continuing with this project?

• A.-$5million
• B.-$0.2million
• C.$1million
• D.$4.8million