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NEW QUESTION: 1
If Data Domain is a target for backups, which environment will yield the highest deduplication compression ratio?
A. Hospital where compliance requires patient information (CAT scans, MRI, X-Rays) to be backed up and archived for 10 years
B. Database environment where transaction logs are backed up daily and stored for 1 month
C. Financial institution where compliance requires e-mails and documents are backed up and stored for up to 7 years
D. Virtualized environment where OS images are stored in a SAN environment backed up and stored for up to 3-6 months
Answer: C

NEW QUESTION: 2
If an IS auditor observes that an IS department fails to use formal documented methodologies, policies, and standards, what should the auditor do?
A. The auditor should at least document the informal standards and policies, and test for compliance.
Furthermore, the IS auditor should create formal documented policies to be implemented.
B. The auditor should at least document the informal standards and policies. Furthermore, the IS auditor should create formal documented policies to be implemented.
C. The auditor should at least document the informal standards and policies, and test for a compliance.
Furthermore, the IS auditor should recommend management that formal documented policies be developed and implemented.
D. Lack of IT documentation is not usually material to the controls tested in an IT audit.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
If an IS auditor observes that an IS department fails to use formal documented methodologies, policies, and standards, the auditor should at least document the informal standards and policies, and test for compliance. Furthermore, the IS auditor should recommend to management that formal documented policies be developed and implemented.

NEW QUESTION: 3
Financial regulators in a European country are considering banning trading in highly complex derivative
instruments that are not settled through a centralized clearinghouse. This ban can result in:
I. The value of the country's currency dropping
II. Counterparties involved in trading of these derivative instruments failing to fulfill their obligations
III. The business model relying on these instruments failing
IV. Certain activities becoming illegal
A. I, IV
B. II, III
C. I, II
D. II, III, IV
Answer: D