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NEW QUESTION: 1
If a risk has a probability of 60 percent and an impact of -$57,000 what will the expected monetary value of the risk event be?
A. -$57,000
B. -9,500
C. You will need to know the utility function of the organization to determine this.
D. -$34,200
Answer: D

NEW QUESTION: 2
What is the overall audit objective when auditing an e-commerce activity?
A. To ensure that all e-commerce processes are adequate to fulfill their intended objectives.
B. To ensure that all e-commerce processes have effective internal controls.
C. To ensure that all e-commerce processes have efficient internal controls.
D. To ensure that all e-commerce processes meet the functionality requirements of the end users.
Answer: B
Explanation:
According to PA 2100-6, when auditing e-commerce activities, the overall audit objective should be to ensure that all e-commerce processes have effective internal controls.