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If you care about P3 certification our P3 dumps PDF materials or P3 exam cram will help you in the shortest time.NEW QUESTION 25
Internal audit should be both efficient and effective.
Which THREE of the following measure the efficiency of internal audit"?- A. The number of internal audit reports produced.
- B. The cost per audit report
- C. The number of improvements in internal controls introduced.
- D. The cost per audit day.
- E. The number of breaches in internal controls prevented.
Answer: A,C,E
NEW QUESTION 26
Identify, from the list provided, which category of business risk most accurately describes the events detailed below.
**Answer: **
Explanation:
NEW QUESTION 27
MNB is a multinational IT company with headquarters in Asia and with operations in all continents.
MNB is attempting to expand its operations in Europe. This is seen as a major challenge as the European market is very well developed and highly competitive.
MNB develops and manufactures its own products. Parts and assemblies are sourced across Asia, America and Europe. These are sometimes purchased locally as a condition of a contract, but MNB aims to include as much of its own equipment as possible. Transfer prices between MNB's subsidiaries can be set in YEN, USD, EURO, GBP. Transfer prices are revised every month in line with production times as most goods are made on short order with sales cycles running at 3-4 months.
What types of risk are being presented here?- A. Legal risk
- B. Environmental risk
- C. Fraud risk
- D. Currency risk
- E. Economic risk
- F. Political risk
Answer: D,E,F
NEW QUESTION 28
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