Question 1

What is the purpose of SOX 404?

Accepted Answer

To establish internal controls over financial reporting

Answer

To promote ethical business practices

Answer

To prevent non-financial fraud and misstatements

Answer

To prevent money laundering

Question 2

Which statement best describes the role of management in SOX 404 compliance?

Accepted Answer

Management is responsible for designing and implementing effective internal controls

Answer

Management is responsible for financial statement analysis

Answer

Management is exempt from SOX 404 compliance

Answer

Management is solely responsible for external audits

Question 3

What is the purpose of an ITGC audit?

Accepted Answer

Assessing the effectiveness of IT controls

Answer

To establish IT internal controls

Answer

Identifying IT investment opportunities

Answer

Evaluating employee performance

Question 4

Which of the following is a primary objective of ITGC?

Accepted Answer

Ensuring the integrity of data and information

Answer

Maximize profits

Answer

Maximize the use of technology in operations

Answer

Minimizing the use of technology in operations

Question 5

What is the purpose of access management?

Accepted Answer

To ensure that users have the right level of access to resources

Answer

To limit the number of users in a system

Answer

To monitor user activities in a system

Answer

To restrict access to resources for all users

Question 6

What is the purpose of segregation of duties in ITGC?

Accepted Answer

Preventing fraud and errors

Answer

Streamlining communication within teams

Answer

Maximizing efficiency of operations

Answer

Promoting collaboration between departments

Question 7

Why is user access review important for an organization's security?

Accepted Answer

To ensure that users have appropriate access levels and permissions to minimize the risk of data breaches.

Answer

To identify potential system vulnerabilities.

Answer

To determine user productivity levels within the organization.

Answer

To monitor user activity and behavior.

Question 8

What is the best practice for developer access to production environments?

Accepted Answer

Implement a controlled and monitored process with limited access.

Answer

Grant developer access without any monitoring or restrictions.

Answer

Require developers to only access production environments during emergencies.

Answer

Provide unrestricted access to all developers.

Question 9

What is the main goal of change testing?

Accepted Answer

To identify potential issues and risks associated with the implemented changes.

Answer

To accelerate the implementation of changes.

Answer

To guarantee 100% bug-free changes.

Answer

To ensure that all changes are approved by management.

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