ARM 400 UPDATED 2026 QUESTIONS AND
ANSWERS SURE A+
✔✔A data governance committee (DGC) - ✔✔Is cross-functional
✔✔Which one of the following defines the duties of a data steward? - ✔✔A data
steward is an experienced business analyst
✔✔In terms of data governance, IT employees hold the role of - ✔✔Data custodians
✔✔To gain a competitive advantage, maintain profitability, and satisfy customers an
organization must - ✔✔Be able to trust its data.
✔✔Which one of the following is an example of a data governance tool? - ✔✔external
policy
✔✔Which one of the following data governance tools allows the data governance
committee to look at data relationships and interdependencies across the organization?
- ✔✔Enterprise data models
✔✔Ensuring quality data requires a - ✔✔Systematic and purpose-driven review process
, ✔✔Which one of the following defines the duties of a data steward? - ✔✔A data
steward is an experienced business analyst
✔✔Which one of the following provides the frame of reference needed so data can be
used appropriately for analysis and decision-making? - ✔✔Metadata
✔✔Under the General Data Protection Regulation (GDPR), a data controller's role is to -
✔✔Define how and for what purpose personal data should be processed
✔✔The Auditing Standard No. 5 (AS 5) calls for a specific fraud assessment because -
✔✔The failure to prevent or detect fraudulent misstatements is higher than the risk of
failing to prevent or detect other types of errors
✔✔One internal control integrated framework consists of five essential components: the
control environment, risk assessment, control activities, information and communication,
and monitoring activities. When these components are applied across the organization,
they create a "cube." This framework is the - ✔✔Committee of Sponsoring
Organizations of the Treadway Commission's (COSO's) framework
✔✔Which one of the following best describes how the modern approach to internal
auditing differs from the traditional approach? - ✔✔The modern approach uses many
systems-based techniques, determines activity based on the organization's business
objectives, materiality of the risk and key threats to achieving business objectives rather
than evaluating current controls
✔✔Which one of the following best describes if it is within the scope of duties for an
internal auditor to assist the company's enterprise risk management (ERM) program? -
✔✔It is within the scope. Assisting with the management of key risks, including
effectiveness of controls lend support to the ERM program
✔✔A risk-based auditing approach is deemed to be a top-down approach because -
✔✔It involves identifying and analyzing material risks to the achievement of the
organization's objectives and then determining how the risks should be managed
✔✔Preventative controls assist the overall control environment of an organization by -
✔✔Reducing risk of unauthorized actions
✔✔An independent auditor has been given the task of evaluating internal controls at
Westside. The auditor has determined that Westside's board of directors has endorsed
a framework requiring management to have documented internal reporting controls to
ensure efficient operations, accuracy of financial statements, and compliance with
regulations. The framework is applied at the entity and divisional levels, but not at the
operating unit or functional levels. The program is new so it has not yet been monitored.
ANSWERS SURE A+
✔✔A data governance committee (DGC) - ✔✔Is cross-functional
✔✔Which one of the following defines the duties of a data steward? - ✔✔A data
steward is an experienced business analyst
✔✔In terms of data governance, IT employees hold the role of - ✔✔Data custodians
✔✔To gain a competitive advantage, maintain profitability, and satisfy customers an
organization must - ✔✔Be able to trust its data.
✔✔Which one of the following is an example of a data governance tool? - ✔✔external
policy
✔✔Which one of the following data governance tools allows the data governance
committee to look at data relationships and interdependencies across the organization?
- ✔✔Enterprise data models
✔✔Ensuring quality data requires a - ✔✔Systematic and purpose-driven review process
, ✔✔Which one of the following defines the duties of a data steward? - ✔✔A data
steward is an experienced business analyst
✔✔Which one of the following provides the frame of reference needed so data can be
used appropriately for analysis and decision-making? - ✔✔Metadata
✔✔Under the General Data Protection Regulation (GDPR), a data controller's role is to -
✔✔Define how and for what purpose personal data should be processed
✔✔The Auditing Standard No. 5 (AS 5) calls for a specific fraud assessment because -
✔✔The failure to prevent or detect fraudulent misstatements is higher than the risk of
failing to prevent or detect other types of errors
✔✔One internal control integrated framework consists of five essential components: the
control environment, risk assessment, control activities, information and communication,
and monitoring activities. When these components are applied across the organization,
they create a "cube." This framework is the - ✔✔Committee of Sponsoring
Organizations of the Treadway Commission's (COSO's) framework
✔✔Which one of the following best describes how the modern approach to internal
auditing differs from the traditional approach? - ✔✔The modern approach uses many
systems-based techniques, determines activity based on the organization's business
objectives, materiality of the risk and key threats to achieving business objectives rather
than evaluating current controls
✔✔Which one of the following best describes if it is within the scope of duties for an
internal auditor to assist the company's enterprise risk management (ERM) program? -
✔✔It is within the scope. Assisting with the management of key risks, including
effectiveness of controls lend support to the ERM program
✔✔A risk-based auditing approach is deemed to be a top-down approach because -
✔✔It involves identifying and analyzing material risks to the achievement of the
organization's objectives and then determining how the risks should be managed
✔✔Preventative controls assist the overall control environment of an organization by -
✔✔Reducing risk of unauthorized actions
✔✔An independent auditor has been given the task of evaluating internal controls at
Westside. The auditor has determined that Westside's board of directors has endorsed
a framework requiring management to have documented internal reporting controls to
ensure efficient operations, accuracy of financial statements, and compliance with
regulations. The framework is applied at the entity and divisional levels, but not at the
operating unit or functional levels. The program is new so it has not yet been monitored.
