Page 1 of 141
A.R.M. 400 EXAM PRACTICE | {LATEST 2026/
2027 UPDATE} COMPLETE ACTUAL AND
AUTHENTIC EXAM | BRAND NEW!
Which one of the following statements is correct regarding the
personal data and privacy positions of the European Union (EU)
and the U.S.?
A. Class-action lawsuits over privacy are commonplace in the
EU, but rare in the U.S.
B. The U.S. has a stronger cultural expectation of privacy than the
EU.
C. U.S. companies are required to comply with the EU's General
Data Protection Regulation (GDPR) only if they have employees in
the EU.
D. The EU has one all-encompassing data protection framework
and the U.S. has several more targeted privacy laws.
D
The Committee of Sponsoring Organizations of the Treadway
Commission (COSO) describes internal control as consisting of
,Page 2 of 141
five essential components, one of which is risk assessment. This
component
A. Sets the tone for internal control by providing resources,
discipline, and structure.
B. Should be included in the audit as an internal control to
minimize unforeseen events.
C. Considers management's efforts to identify and analyze risks
relevant to achieving predetermined objectives.
D. Verifies adherence to control results and assists in identifying
other procedures that the entity may wish to adopt.
C
Which one of the following defines individual risk?
A. Individual risk varies according to the type of business.
B. Individual risk may be categorized as operational.
C. Individual risk is defined by the data governance committee.
D. Individual risk is reputational in nature.
A
,Page 3 of 141
Metadata contains
A. Accounting ledger entries as well as big data.
B. Both material limitations and sampling methodology.
C. Information about data as well as rules about that data.
D. A combination of structured and unstructured data.
C
Which one of the following defines the duties of a data steward?
A. A data steward measures data compliance.
B. A data steward is an experienced business analyst.
C. A data steward provides technological support.
D. A data steward is a project manager.
B
Which one of the following data governance tools allows the data
governance committee to look at data relationships and
interdependencies across the organization?
A. External compliance guidelines
, Page 4 of 141
B. Internal coding procedures
C. Enterprise data models
D. Project management programs
C
Internal data entry processes that capture accounting
transactions, customer data or other operational transactions
are called
A. Data capture.
B. Data quality.
C. Data integration.
D. Data governance.
A
Which one of the following provides the frame of reference
needed so data can be used appropriately for analysis and
decision-making?
A. Metadata
A.R.M. 400 EXAM PRACTICE | {LATEST 2026/
2027 UPDATE} COMPLETE ACTUAL AND
AUTHENTIC EXAM | BRAND NEW!
Which one of the following statements is correct regarding the
personal data and privacy positions of the European Union (EU)
and the U.S.?
A. Class-action lawsuits over privacy are commonplace in the
EU, but rare in the U.S.
B. The U.S. has a stronger cultural expectation of privacy than the
EU.
C. U.S. companies are required to comply with the EU's General
Data Protection Regulation (GDPR) only if they have employees in
the EU.
D. The EU has one all-encompassing data protection framework
and the U.S. has several more targeted privacy laws.
D
The Committee of Sponsoring Organizations of the Treadway
Commission (COSO) describes internal control as consisting of
,Page 2 of 141
five essential components, one of which is risk assessment. This
component
A. Sets the tone for internal control by providing resources,
discipline, and structure.
B. Should be included in the audit as an internal control to
minimize unforeseen events.
C. Considers management's efforts to identify and analyze risks
relevant to achieving predetermined objectives.
D. Verifies adherence to control results and assists in identifying
other procedures that the entity may wish to adopt.
C
Which one of the following defines individual risk?
A. Individual risk varies according to the type of business.
B. Individual risk may be categorized as operational.
C. Individual risk is defined by the data governance committee.
D. Individual risk is reputational in nature.
A
,Page 3 of 141
Metadata contains
A. Accounting ledger entries as well as big data.
B. Both material limitations and sampling methodology.
C. Information about data as well as rules about that data.
D. A combination of structured and unstructured data.
C
Which one of the following defines the duties of a data steward?
A. A data steward measures data compliance.
B. A data steward is an experienced business analyst.
C. A data steward provides technological support.
D. A data steward is a project manager.
B
Which one of the following data governance tools allows the data
governance committee to look at data relationships and
interdependencies across the organization?
A. External compliance guidelines
, Page 4 of 141
B. Internal coding procedures
C. Enterprise data models
D. Project management programs
C
Internal data entry processes that capture accounting
transactions, customer data or other operational transactions
are called
A. Data capture.
B. Data quality.
C. Data integration.
D. Data governance.
A
Which one of the following provides the frame of reference
needed so data can be used appropriately for analysis and
decision-making?
A. Metadata
