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NEW QUESTION: 1
The BEST way to ensure that an external service provider complies with organizational security policies is to:
A. Receive acknowledgment in writing stating the provider has read all policies.
B. Perform periodic reviews of the service provider.
C. Cross-reference to policies in the service level agreement
D. Explicitly include the service provider in the security policies.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Periodic reviews will be the most effective way of obtaining compliance from the external service provider.
References in policies and service level agreements and requesting written acknowledgement will not be as effective since they will not trigger the detection of noncompliance.

NEW QUESTION: 2
On December 1, 1997, Krest, a self-employed cash basis taxpayer, borrowed $200,000 to use in her
business. The loan was to be repaid on November 30, 1998. Krest paid the entire interest amount of
$ 24,000 on December 1, 1997. What amount of interest was deductible on Krest's 1997 income tax return?
A. $22,000
B. $0
C. $2,000
D. $24,000
Answer: C
Explanation:
Explanation
Choice "b" is correct. Cash basis taxpayers deduct interest in the year paid or the year to which the
interest relates, whichever is later. Even though all of the interest on this loan was paid on December 1,
1 997, only the interest relating to December 1997 can be deducted in 1997. The question does not give
an interest rate, but because the loan is to be repaid in a lump sum at maturity, 1/12 of the interest, or
$ 2,000 applies to each month.
Choice "a" is incorrect. Because $2,000 of the interest relates to 1997, this amount is deductible in 1997.
Choice "c" is incorrect. This is the amount that cannot be deducted until 1998, the year to which the
interest relates. Be sure to read questions like this very carefully, because if you had simply misread the
question as seeking the amount deductible in 1998, you would get the question wrong despite
understanding the rule.
Choice "d" is incorrect. Cash basis taxpayers can deduct interest in the year paid or the year to which the
interest relates, whichever is later, thus 11 months of the interest will not be deductible until 1998.

NEW QUESTION: 3
Which of the following BEST contributes to the implementation of an effective risk response action plan?
A. A business impact analysis
B. An IT tactical plan
C. Assigned roles and responsibilities
D. Disaster recovery and continuity testing
Answer: C


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GR4 Exam Info

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GR4 Exam Topics

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GR4 Offcial Page

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Check what resources you have available for studying.

Schedule the GR4 Exam

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