COSO treats internal control as a process designed to provide reasonable assurance regarding the achievement of objectives related to:
A.  Effectiveness and efficiency of operations
B.  Reliability of financial reporting
C.  Compliance with applicable laws
D.  All of the above

In a risk capability and maturity (CMM) model, 5 level would imply what of the following statements:
A.  High defect levels
B.  Low defect levells
C.  Same defect levels as all other levels
D.  None of the above

Which of the following statements is most accurate?
A.  Most risk management frameworks are radically different
B.  Most risk management frameworks are fairly similar
C.  Most risk management frameworks focus on the past
D.  Most risk management frameworks  focus on punishment

Which of the following statements are true regarding internal control structure?
1.  Controls consist of plans, methods, and procedures to meet critical objectives
2.  Controls are the first line of defense in safeguarding assets
3.  Controls are designed and deployed as long as benefits outweigh cost
A.  1 and 2
B.  2 and 3
C.  I and 3
D.  All of the above

Per Government Accountability Office (GAO), internal controls address the following areas:
A.  Control environment
B.  Information and communications
C.  Monitoring
D.  All of the above

The following statements about the importance of risk factors represent are critical
1.  Boss risk perception
2.  Personal risk perception
3.  Time to event
4.  Information availability
A.  1, 2 and 3
B.  2, 3 and 4
C.  1, 3 and 4
D.   All of the above