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NEW QUESTION: 1
The chief audit executive for an organization has just completed a risk assessment process, identified the areas with the highest risk, and assigned an audit priority to each. Which of the following statements is true and consistent with the International Professional Practices Framework?
I. Items should be ranked in the order of quantifiable dollar exposure to the organization.
II. The audit priorities should be in order of major control deficiencies.
III. The risk assessment, though quantified, is the result of professional judgments about both exposures and probability of occurrences.
A. III only
B. I, II, and III.
C. I only
D. II and III only
Answer: A

NEW QUESTION: 2
スーパーバイザーは、エンジニアに部門内のプロジェクトマネージャーになるように依頼します。次のタイプの組織構造のうち、これが例ですか？
A. 中級
B. 予測
C. マトリックス
D. 機能的
Answer: D

NEW QUESTION: 3
A brokerage firm, which has $10 million in S&P500 stocks, enters into an equity swap with a pension fund which currently has $10 million in a short term savings account earning LIBOR. If these two entities were to arrange a proper equity swap, in which payments are to be made annually, what would be the net payment for a period that saw the S&P500 net 12% and LIBOR set at 8%?
A. Pension plan makes a net payment of $200,000.
B. Pension plan makes a net payment of $400,000.
C. Brokerage firm makes a net payment of $400,000.
Answer: C
Explanation:
A proper swap would involve the brokerage firm making payments equal to S&P 500 returns in exchange for LIBOR.
Brokerage pays 12% of 10 million = $1,200,000. Pension Pays 8% of 10 million = 800,000. Net payable
(broker's perspective): $400,000